Detailed text transcripts for TV channel - CNN - 20110217:01

Detailed text transcripts for TV channel - CNN - 20110217:01:55:00

than it probably is. valuable scoop, good for them for getting it but you have to take it with a serious grain of salt. this guy is a convicted felon. he is a known ponzi schemer, in jail for 150 year, what else does he have to do but sort of spin tales? >> here's the question, we know the s.e.c. failed. they had people investigating him and should have found what was obvious. one simple request for day-to-day trading records which he could not have jimmied up would have been evidence this was a paper scheme. put yourself in the place of the bank. what due diligence would a bank have done or should they have done before they recommended bernie madoff investment? what should they have done to duplicate the trades or anything else. >> again, taking from the civil lawsuit filed which is just at the mohamed conjecture, an argument, but there were these deposits that were made. i mean some absurd amount of money, $933,000, whatever it

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