Detailed text transcripts for TV channel - MSNBC - 20100504:20:49:00
At zero percent and trade derivatives where they assign the risk of those derivatives to the american people and the banking system has been converted into a giant extracting machine from the american people as opposed to a lending machine? >> they permitted what used to be institutions that did have the backup of the states and the federal government, right, insurance companies and commercial banks that had the backing of government, to go off and use that base as a leveraging. as an activity for hedge fund activity -- >> 33,000 to 1 at goldman sachs. >> you get 33,000 to 1 by using your bank...
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