Detailed text transcripts for TV channel - MSNBC - 20100420:20:31:00
Today, evidence that the fraud may stretch well beyond goldman sachs. dick foelt defending his use of the repo 105's, an accounting technique that goldman used to make it appear they had much more money they actually did, in order to cheat and steel more. fold says we've got it all wrong. >> lehman and his people have been unfairly vilified. there's been a lot of misinformation about repo 105. among the worst were the erroneous are reports on the front pages of newspapers claiming that lehman used 105 to remove toxic assets from its balance sheet. that simply was not true. >> no they were just...
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