Detailed text transcripts for TV channel - MSNBC - 20120514:11:08:00
Credibility, with his inability to push back, there will be a meat ax. if you follow comments this weekend of carl levyn and barney frank, their guns are loaded. shotguns are ready. and they are coming after the banks. and i think we have to be careful about that. you can strain the banks too much. you can put them in a position of taking more risk if you don't allow certain kinds of hedging that reduce risk. sore th or they cut back on lending, and that's not good for the economy. and i do disagree with ezra in the sense that of course banks can fail. of course we can have another systematic ...