Detailed text transcripts for TV channel - MSNBC - 20110526:20:47:00
Cents behind every dollar of loans? >> it was also the unbalanced sheet leverage versus the unhidden -- >> tell us more about that. >> well there is stated mortgage on the balance sheet -- >> then 2 or 3 itself- >> right. depending on where you were in the cycle it would balloon to 120%. it was a disaster in terms of the leverage they carried but they taught the banks as well. so citi we when started finding out about the structure investsment vehicles, the off balance sheet, that they wornt consolidating, hidden from investors, hidden from the public and we ended up having to bail them out on...
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