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Detailed text transcripts for TV channel - MSNBC - 20130913:03:56:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130913:03:56:00

Put in there. because there is still a way that people, if they're outraged enough, can have some effect. the volcker still needs to be written and there are 22 regulators fighting over it. >> to me, the elements of the collapse are about -- are fundamentally about power, more than they're about technical -- about regulations. like too much power and wealth concentrated and also psychology. one of the fascinating thing about reading the crisis literature is the way in which this kind of crazy, ego maniacal thinking got all these banks into thinking they could take whatever risks they wanted to...

Detailed text transcripts for TV channel - MSNBC - 20130913:00:57:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130913:00:57:00

One group who hasn't are professors who study management. and there's a big paper in the journal of management inquiry, on dick fuld's narcissism. and scholars think there are two kinds of narcissisnarcissism. and it's rampant on wall street. it can be a force for good, as it was initially when fuld was building up lehman, and a force for bad. >> i think that same narcissism exists in the obama administration, who has the audacity to consider larry summers the architect of the delegislation that led to the crisis to run the fed. and he lost $1 million making a bad bet on interest rates, and we...