Detailed text transcripts for TV channel - CNN - 20100420:03:50:00
That went into the bonds. the weird thing about the subprime market is that when wall street went to basically replicate the subprime loans with side bets, they picked the absolute worst ones to replicate and magnified the losses in the system as a result. >> in terms of regulation, where does regulation -- the regulation that's being debated now with chris dodd, what exactly is it proposing? how will this change it? >> mike brings up a very important point. that is how were these instruments put together? what was the regulatory framework like that? a lot of these derivatives have been tradin...