Detailed text transcripts for TV channel - MSNBC - 20100507:20:21:00
Whether it's a government regulator, self-regulator, the ratings agencies is obviously cooking the books with the banks. how do we address this problem in a way that doesn't create a huge bureaucracy as the response? >> having no bureaucracy, as you said in this case has made the problem worse. i mean what has to happen -- >> there's got to be a third option. >> the third option is to have mms actually exercise the authority and the power that it has. it's supposed to have written regulations over a series of actions that activities that the oil companies do in the gulf. and on land. but they ...
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