Detailed text transcripts for TV channel - MSNBC - 20111019:20:03:00
And what it tells us, according to the gao, is that there are very serious conflicts of interest. look, the fed is the institution, maybe the most powerful agency in the united states government, and their job, among other things, is to regulate wall street. well, the truth of the matter is it is people from huge financial institutions who sit on the fed boards that are regulating themselves. that may make sense to somebody, but it doesn't make sense to me, and what the report documents is that in a mum of instances people who sit on these fed boards and also high-ranking officials at financia...
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