Detailed text transcripts for TV channel - MSNBC - 20111116:21:33:00
>> in a nutshell your answer is an absolutist answer, endç leverage and go to a 1-1, is that fair? >> no, no. if you are lending against assets, there's no particular problem in doing it. what we have now is essentially unlimited leverage, and if you look at what happened in 2007, we were putting $6 of debt into the system for every dollar in gross domestic product that was added. that's unsustainable. >> jonathan, go ahead. >> karl, all of what you're saying and the graphics shown while you were speaking, they all make sense. they are all reasonable. they are all rational. they are all the ...
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