Detailed text transcripts for TV channel - MSNBC - 20100730:13:16:00
Bill that just passed is a set of strixs, not just authorization, but binding instructions to all the regulators that they are to put in place rules that restrict pay. it's very clear that the way these pay packages are structured, the way the bonuses are truck which you ared, people get paid off if a gamble works. they don't lose anything if a gamble doesn't work and give an incentive of too much risk taking. we have instructed as i said every regulator, the fdic, bank regulators to prevent that from happening. yeah, i did have some differences between the bush administration. we gave them th...
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