Detailed text transcripts for TV channel - MSNBC - 20100422:19:10:00
Financial markets. we had a redistribution of assets and the system came right back. this time when we put in t.a.r.p. and the stimulus packages and all of these bailouts, what happened is the system then compounded on itself and became a depression. and that's what i think caused it in my view. >> the one distinction between 2000 and now is in 2000 the commodity futures modernization act had not been passed, glass/steagall had not had time to be repealed and banked and there wasn't a $600 trillion secret betting parlor that had come to develop which created the linkage that threatens general ...
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