Detailed text transcripts for TV channel - MSNBC - 20100414:01:34:00
Trying to stop foreclosures at the same time it bailed out the banks. bailing out the banks basically worked but the foreclosures part didn't? >> if you read the statute, what the statute talks about is not bailing out banks, what it talks about is here's $700 billion to help repair the economy. it was supposed to be about troubled assets, mortgages that were in trouble. and it says, congress says the way we are going to measure the effectiveness of this program is what it does for unemployment and american savings. and really focus on what it does on home mortgage foreclosures. how it works t...