Detailed text transcripts for TV channel - MSNBC - 20120519:13:20:00
Regulate. even in a post-dodd-frank imanyone think that the sec is going to be able to police every notional hedge trade that is potentially putting big banks at risk? they can't. i think the only realistic strategy is to narrow the scope of the public interest, define it clearly and hold that ground. and the public interest is basically systemic risk. we haven't been able to get to that, historically, especially with banks speeding up their trading and the amount of computerized trading and vol tulty thtul volatility that's in the system. >> these are now global institutions. >> totally. and ...
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