Detailed text transcripts for TV channel - FOXNEWS - 20121004:05:53:00
Prompted by reckless behavior across the board. now twasn't just on wall street. you had loan officers that were giving loans and mortgages that really shouldn't have been given bos because the folks didn't qualify. hupeople borrowing money to buy a house they couldn't afford. hucredit agencies stamping these as a-1 great investments when they weren't. but you also had banks making money hand over fist, churning out products that the bankers themselves didn't even understand, in order to make big profits, but knowing that it made the entire system vulnerable. so what did we do? we stepped in a...