Detailed text transcripts for TV channel - MSNBC - 20100414:20:04:00
Start to manipulate it. here's an example. >> let's take a fruit farmer down in florida, buying insurance on that seasoned orange crop. and then comes an unexpected freeze and the crop is ruined. that's okay. the farmer's protected because he's been paying for insurance use are derivatives. this is where derivatives work for capitalism and business in this country. but now let's say the farmer is instead of a farmer, goldman sachs, and instead of selling oranges, they're selling mortgages. and now imagine they took advantage of this process buying insurance on their mortgages from aig. goldman...
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