Detailed text transcripts for TV channel - MSNBC - 20120511:16:32:00
That is not something we should do in markets open to the public. this calls attention to the fact complex, derivative transactions can be tremendously risky. you can lose a ton of money in a short period of time. this may have been a propriety trade, money lost by jpmorgan itself but points to the need for substantial re-regulation of markets that were recklessly deregulated over the last 15 years and fits onto the volcker rule of derivative training. it does reenforce the public sense that there is not an adequate system of regulation. there is not adequate accountability. >> even here where...