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Where was the regulator? even forget don frank. what was the basic blocking an tackling that americans should be able to expect out of their banks, whether they re tin banks or huge banks and out of the regulator? here s the problem, senator all the questions that you are asking our such important once where was the audit committee, where was the ceo? how did this happen? a full autopsy is going to happen all the questions will be asked. but at the end of the day, i that thing they did was illegal, if it was just outrageousl stupid, then there will be n real consequences. are you worried that we will face backlash from the america people like we did after the financial crisis that s such an interestin question, stephanie. i was in the private secto when we had the telecom boom i this country, you will remember you are working in the private sector to probably ten, as ....
Real consequences. are you worried that we will face backlash from the america people like we did after the financial crisis that s such an interestin question, stephanie. i was in the private secto when we had the telecom boom i this country, you will remember you are working in the private sector to probably ten, as well i can remember those anchors not you, those anchors on some other networks, pumping up the stocks, they at the day. that s when my mom first b amazon comstock, as she called it, back then. sometimes, things that are stupid, aren t illegal often, like 80% at the stuff that gets us into trouble is actually stupid, not legal that s not a reason that w should not look. we should make sure that w make the best decisions that w can based on the fact that a we understand them, not a bunc of soundbites, with all respec to other programs on cable television new topic, a very serious one. we have been covering on thi ....
Markets are down against the u.s. dollar but some gains for the pound and the yen. the yen at 84. welcome back from cnn hong kong and cnn london. this is world business today. india s government has issued a dozen charges in the massive telecom scandal that cost the country $31 billion in revenue in 2008. india s former minister is one of the people accused of taking part in a plot to sell mobile phone licences below value at the peak of india s telecom boom. another includes a firm owned by an indian tycoon and everyone charged in this investigation has denied any wrongdoing. well, the telecom charges are part of the series of recent crack downs in india. ....