Detailed text transcripts for TV channel - MSNBC - 20130401:11:32:00
20 big banks of the world would have have lost $40 to 50 billion. those who bought that had balance sheets of 20 trillion so you're talking about a 1% hip. could have happened. barclays and jpmorgan and bank of america the rest of them. the first point. aig was not a contagion. goldman and jp, repo and commercial paper, they could have gone down and reorganized the pieces and parts and talent at came out of there would have lived for another day to put out a shingle. >> let the market do what the market has done for 200 years. >> the third thing i think is important no payroll would have been ...
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