Detailed text transcripts for TV channel - MSNBC - 20100504:20:32:00
>> the purpose of the financial crisis responsibility fee is to make sure that a direct cost of t.a.r.p. are paid for by major financial institutions, not by the taxpayer. >> no word on the direct cost of $4.6 trillion in collateral from the federal reserve. but that's a small issue. the treasury secretary and senator barbara boxer clearly very concerned with t.a.r.p. as i mentioned, there's a few other trillion still being paid to the bank business the federal reserve to this very day. not to mention accounting forebearance that allows them to mark their assets at a much higher level than the...
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