Detailed text transcripts for TV channel - FOXNEWS - 20111217:00:34:00
To the public that its subprime holdings were not significant. in fact, the company had $141 billion of subprime exposure. >> the fec used charge to demonstrate the tiny slifers represent the subprime loans fannie and freddie disclosed. the rest of the pie shows how much they really had 40 to 70 times greater. today's actions only involve charges for misleading investors. one analyst said the fiction those investors maintained help housing crisis from which the nation still suffers. >> i think that if there had been full disclosure as required by the securities laws, we would not have had a fi...
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