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Detailed text transcripts for TV channel - CNN - 20100422:21:18:00

incredibly in the president s prepared remarks he doesn t even intend to mention the problems with fannie mae and freddie mac in the overhaul of the financial regulatory system. while the president and the democrats in congress purport to have a bill to fix the problems in our regulatory system, how you can attempt to fix it without going to the root of the problem, fannie mae and freddie mac, is really beyond me. austan, real quick, does he have a point? are we talking apples and oranges? no, no. he s totally confused. the president has never been a fan of the old fannie and freddie business model. he said throughout the campaign and while he s been in office that we can never go back to the privatizing profits and socializing losses business model that they had. secretary geithner s outlined a process by which we re going to revive and change completely the mortgage financing business. ....

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Detailed text transcripts for TV channel - CNN - 20100424:22:06:00

Have a bill to fix the problems in our regulatory system, how you can attempt to fix it without going to the root of the problem, fannie mae and freddie mac is really beyond me. austan, real quick here, does he have a point are we talking apples and oranges? no, no, he s totally confused. look, the president has never been a fan of the old fannie and freddie business model. he said throughout the campaign and while he s been in office that we can never go back to the privatizing profits and socializing losses business model that they had. secretary geithner has outlined a process by which we re going to readviser and change completely the mortgage financing business, but that s a complete red herring to say that ought to be in this bank reform bill. the president has spoken about that many, many times. to say that s not in this and therefore it s a failure is almost willfully trying to change the subject. all right, austan goolsbee, we ll have to leave it there. thank you for joi ....

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