Detailed text transcripts for TV channel - CNN - 20100420:05:47:00
And the weird thing about the subprime mark set when wall street went to basically replicate the subprime loans with side bets, they picked the absolute worse ones to replicate and magnified the losses in the system as a result. >> in terms of regulation, where does regulation -- the regulation being debated now with chris dodd, what exactly is it proposing? how will this change it? >> michael brings up a very important point. and that is how would these instruments put together? what was the regulatory framework like that? a lot of these derivatives have been trading in a black market, a shad...
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