Detailed text transcripts for TV channel - MSNBC - 20100427:20:09:00
Deception and the lie. and that kind of practice combined with the conflicts of interest where goldman sachs was not only allegedly deceiving its clients, but also profiting, is truly reprehensible. i think implicates the rating agencies right at the center of this whole scheme. and i think the financial regulatory reform measures have to include some change in that business model, as well as the glass-stegall restoration. >> and the current proposal does not do that. the ratings agencies still work for the banks in senator dodd's current proposal. we've got the abacus transaction right here. ...
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