Detailed text transcripts for TV channel - CNN - 20100428:03:06:00
He said we were involved in the mortgage market. we were involved in this whole market that allowed more credit to go out there, too much credit than was probably right. he didn't say they made specific mistakes. i challenged him, what did you do wrong? what would you have done differently? he said he was part of a system that created too much of a bubble and this is where we are today. they have also said they are ready for some dynamic new kinds of regulation. they know a new day is coming, they really do. but i'm telling you, in that hearing room, sanjay, and ali will back me up, in that he...