Detailed text transcripts for TV channel - MSNBC - 20100423:17:06:00
Business, it's their funeral. does that mean that the executives like, as in general motors would be out, the management would change and no golder p een parachutes, no bon? >> yes. this happens -- the model we're using here and one of the main advocates, sheila bair, the head of the fdic, she's the funeral director for failed banks and she's had the best experience. we have followed her, when a banks fails, you put it out of business. the point is that you don't just stop, you want somebody to wind it down. you have debts that are there not to the bank itself, but to make sure that other peop...
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