Detailed text transcripts for TV channel - MSNBC - 20130220:12:14:00
Right direction. certainly bank executives were scared and they're being more careful. when you look at the structure of the issue, the incentives they have, jeremy stein who is a governor of the federal reserve gave a speech a couple weeks ago. he said look at the incentive of big banks managing particularly investments in bank and in derivati derivatives. these problems are still with us and regulation by itself, just say we'll have smarter regulation, that's not going to work. you need a more decisive cap on the damage that these banks can bring to the economy. this is a point that jon hunt...