Detailed text transcripts for TV channel - MSNBC - 20111025:20:03:00
Prior liability. shifting even more responsibility to the american taxpayer, and further eliminating liability for banks. with help like that, who needs hurt? we start with one of the chief prosecutors of the banks during the savings and loan crisis a few decades back, bill black. he's currently an associate professor of economics and law at the university of missouri, kansas city. zack carter joins us as well, senior political economy reporter with the "huffington post" and a man we're always happy to see. professor black, what is your assessment of the proposal from president obama? >> well,...