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Detailed text transcripts for TV channel - CNN - 20101221:09:39:00

This case but it needs to be investigated. general, let me, if i might, you referred to the multistate investigation that is being led by tom miller. bank of america in response to your filing of your lawsuit put out a statement and let me read it. i think they and you can appreciate and our audience the irony of my reading of bank of america response to a lawsuit filed by attorneys general but anyway on their behalf let me be clear. the irony is it s harsh. let me read what bank of america said about your lawsuit. it says we are disappointed that the suit was filed in general goddard s last days in office particularly because we and other major servicers are currently engaged in discussions led by attorney general mill neriway to try to address foreclosure issues more comprehensively. in addition, we believe that is the approach that will best serve arizonaans who need assistance. that is where things stand. now to continue to explore this issue, we have william black who is a ....

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Detailed text transcripts for TV channel - CNN - 20101221:01:55:00

While our number one objective is to make sure this president is successful. and so sometimes the president has often said when he was running for office, i may not tell you what you want to hear but i will tell you what you need to hear. i think that s what we must do. we must tell him what we believe that he needs to hear and hope that we can work things out. i m sure we will. i mean, i ran his campaign by the way in maryland and his primary and general. i see him as a very good friend. but sometimes, you know, friendship can you can go through some tough times. rocky moments. all right. representative cummins thanks so much for being with us. been my honor. thank you. next, so you ready to say good-bye to 2010? when we come back the president closes out the year jibjab style. you don t want to miss it. ....

Walter Sharp , Cummins Thanks ,

Detailed text transcripts for TV channel - CNN - 20101221:09:55:00

I think that s what we must do. we must tell him what we believe that he needs to hear and hope that we can work things out. i m sure we will. i mean, i ran his campaign by the way in maryland and his primary and general. i see him as a very good friend. but sometimes, you know, friendship can you can go through some tough times. rocky moments. all right. representative cummins thanks so much for being with us. been my honor. thank you. next, so you ready to say good-bye to 2010? when we come back the president closes out the year jibjab style. you don t want to miss it. ....

Walter Sharp , Cummins Thanks ,

Detailed text transcripts for TV channel - CNN - 20101221:09:14:00

Korea s response might be and whether they were going to have to advise president obama to get involved. they were in constant touch with admiral robert willard head of the u.s. pacific command in hawaii and general walter sharp commander of u.s. forces in south korea. earlier, sharp had gone to the american ambassador to seoul kathleen stevens to the blue palace, the residence of south korean president lee myung-bak. though the u.s. declined comment, lee myung-bak s spokesman said, quote, the u.s. side said it supports south korea s military training plan irrespective of north korea s response and that it will stay with us whatever happens. sources tell cnn the u.s. did the not openly deploy any military assets wanting to stay as low profile as possible so as not to send any mistaken signals to the north. only this morning did it become clear north korea was not going to respond. joining us now on the phone from pyongyang in north korea we have wolf blitzer, invited to travel to nor ....

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Detailed text transcripts for TV channel - CNN - 20101221:09:46:00

Had been, you know, is a republican, bush s key guy. obama left in charge the occ head who was a disaster, that the general was just talking about, mr. doing ogan and such. left for an entire term where he proceeded not to regulate. so it s an appalling policy but it s bizarre politics on the part of the obama administration as well. it seems from everything i ve heard and read and that eliot has explained to me over the course of this show that it is a systemic problem and to the extent it is systemic how do you do you see that certain that individuals should be punished or do you see just reform is the answer? again, i think you hit exactly the right points. our emphasis, than comes from economics, from white collar criminality, which is what i am as well, and a former financial regulator, is you ve got to look at incentive structures. you ve got to fix the incentive structures because they re what shapes the individuals and the ....

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