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Detailed text transcripts for TV channel - MSNBC - 20110329:20:48:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110329:20:48:00

Was aaa. >> with respect to those agencies we would only have jurisdiction to investigate into t.a.r.p.-related crimes, not the time of activity that predated t.a.r.p. and wouldn't have anything to do with their t.a.r.p. applications, so that really would be outside of our jurisdiction. >> and that would be department of justice? >> department of justice, u.s. attorney's office, sure. >> i'll leave that one alone. what is the current risk in the system as it stands right now in your opinion? >> i think we're at a very dangerous place. the risk is very high. the largest banks that we were just ...

Detailed text transcripts for TV channel - MSNBC - 20110329:20:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110329:20:47:00

Starting, i think, just next week or two against lee fargus, the chairman of taylor bean and whitaker. that's a multi billion dollar accounting fraud that is mortgages and mortgage-backed securities. there's been a number of guilty pleas in that case already. our jurisdiction is really only those related to the t.a.r.p. and the t.a.r.p. program, and that program we have jurisdiction because they tried to get more than $550 million from t.a.r.p., which we were able to stop dead in its tracks and save that taxpayer money. and we've had criminal charges against a number of ceos of smaller banks a...