Detailed text transcripts for TV channel - MSNBC - 20120111:21:51:00
About. a lot of it is just gambling on other people's houses. >> and your friend and mine in richard grasso makes the point that we can distinguish between mission critical swaps that are facilitating energy, food, other mission critical things, and things that are not. and he says i believe regulators should require the product being swaps to be registered with a central clearing agency like an exchange or perhaps central bank. and thus able to be monitored globally to prevent contracts being written in excess of the debt obligations they're designed to insure. he goes on to say this is easil...
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