Detailed text transcripts for TV channel - FOXNEWS - 20100427:06:05:00
Non-transparent vehicle with what people call implicit guarantees invite these kind of problems. >> we've got to end once and for all the casino atmosphere on wall street, where they're gambling basically on synthetic ideas and so forth. using somebody else's money. >> glenn: stop gambling on what did he say? synthetics. so what they did is bundle all of our mortgages together and then they put them up on an exchange and bet on them. yeah, that's bad. but the mortgages did exist, right? they bundled up, the mortgages existed, they just shouldn't have bet on them. remember that. you don't want ...
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