Detailed text transcripts for TV channel - MSNBC - 20120509:20:27:00
>> those with swaps on commodities that they don't actually use in their business are selling insurance. and they aught to be regulated insurance companies. you wouldn't allow a company with very little capital to share fire insuresance to everyone in california. like wise a can company with modest capital shouldn't right an unlimited amount to swaps can which are insurance instead of insurance against fire for precipitous decline in the price of a value of mortgage pool. >> do you have any optimism that this issue will be resolved this decade? >> this decade? yes, i have some optimism. i thin...
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