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Detailed text transcripts for TV channel - FOXNEWS - 20120514:13:07:00

anchor of varney & company at fox business andies here this morning. stuart, what do you think is the outcome when you look at this at the end of this weekend? very good question, what is the outcome, where are we going with this. by the way the loss of j.p. morgan chase could be as much as $3 billion when this is all said and done and one of the people who are leaving the company is ina drew, one of the most senior women on wall street, she s going, along with two others. look, to answer your question, though, we re involved in a discussion about how to get the tax payor off the hook for a major financial crisis if, heaven forbid, we repeated 2008, and the banks went under, who s on the hook? the taxpayer is on the hook. that s the situation at the moment. should we change that? should we somehow or other get to the point where the investor in the bank s stock is on the hook? that s what a lot of people want to do. but if we go forward the way we are now, the taxpayer

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