Detailed text transcripts for TV channel - MSNBC - 20100507:20:20:00
Nightma nightmare? >> absolutely. >> and a huge bureaucracy is a worse bureaucracy. >> when you bring up the wall street example, the regulators were telling banks that it was perfectly okay and encouraging them to take on that much leverage. >> i totally agree with that. because they were lobbying to get jobs at goldman sachs when they quit where they could then take advantage of that leverage. because you and i know, there's a revolving door between our politicians, regulators, the banks, the oil companies, minerals and mining services. so of course the regulators were suggesting to wind it ...
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