Detailed text transcripts for TV channel - MSNBC - 20100426:20:48:00
Should have freedom to fail. >> if you were to look at the ratings agencies role and that triple-a rating allowing aig avoiding having to post collateral because they were perceived to have triple-a integrity and look at the e-mail traffic that exists between banks and ratings agencies and look at the legislation for which the ratings agency work for the bank, how are we to have trust? >> you're absolutely right. we want to bring transparency and use these things called clearing houses that stand between buyers and sellers and if one party fails, they complete the transaction. but they would m...
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