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CNNW American Morning December 13, 2011

and good morning to you. it is tuesday, december 13th. i feel like it s a homecoming. a long time since the three of us have been together. good to see you. as usual a busy, busy news morning. breaking news now. four soldiers are dead after two army choppers went down during a training exercise. it happened a joint base lewis-mcchord in washington state. crash investigators are trying to find out what went wrong right now. pliv on the pholive on the phon crash site. what do we know? i m watching the lights of the recovery teams that have been looking throughout the night to go in the grim task of recovering those bodies of the four aviators that lost their lives. still don t know what went wrong. at about 11:00 p.m. eastern last nim, sometime after 11:00 p.m. two helicopters crashed killing everybody aboard both helicopters. these are small observation helicopters, ali. the eyes and ears of what s on the ground. flying maneuvers over a training area when this cr ....

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Detailed text transcripts for TV channel - MSNBC - 20111028:04:14:00

Had ever seen. but looking back on it, that s rinky-dink compared to what we went through because of how wall street behaved after bernie. the collateral damage after this time was not a company called worldcom and everybody who was suckered into investing in it. the collateral damage this time was our country. that one goldman sachs deal that carl levin was swearing about made it to that senate hearing. charges were brought. it s still wending its way through the courts. but as for the overall fraud and recklessness and criminality on wall street that blew up wall street and blew up the entire american economy at the end of the bush administration, the recklessness that necessitatesed the bailouts and that created the recession that we are still in, propublica did a good rundown on where are they now this week. what s happened to those folks? who got frog marched off of wall street for all of this? well, among the mortgage originators, few prosecutions have been brought against subpr ....

Wall Street , Bernie Ebbers , Collateral Damage , Rinky Dink , Goldman Sachs , Carl Levin , Georgew Bush , Department Of Justice , Mortgage Originators , Subprime Mortgage Lenders , Got Frog , Washington Mutual ,

Detailed text transcripts for TV channel - MSNBC - 20111028:04:13:00

Should have never been written and selling them as if they were gold. knowingly inflating the value of those things. which not only screwed over individual investors who they were selling them to as if te were valuable but blew up the housing market and the american economy with it. they weren t just selling these, they were taking bets against them themselves because they knew what they were worth. and they knew it was a great bet. they knew, forgive me, they knew they were crap. they knew they were going to fail. they were set to make money when they failed. and they were selling them as if they were gold. and that is something very simple. that is fraud. that whole game did not cause collateral damage like the comparatively now rinky-dink bankruptcy of old bernie s company. when bernie s company went bankrupt, it was called worldcom, at the time it was the largest bankruptcy the country ....

Housing Market , Bernie Ebbers , Collateral Damage , Rinky Dink Bankruptcy Of Old Bernie ,

Detailed text transcripts for TV channel - MSNBC - 20111028:01:13:00

Big piles of mortgages that should have never been written and selling them as if they were gold. knowingly inflating the value of those things. which not only screwed over individual forklifts winvestors were selling them to as if te were valuable but blew up the housing market and the american economy with it. they weren t just selling these, they were taking bets against them themselves because they knew what they were worth. and they knew it was a great bet. they knew, forgive me, they knew they were crap. they knew they were going to fail. they were set to make money when they failed. and they were selling them as if they were gold. and that is something very simple. that is fraud. that whole game did not cause collateral damage like the comparatively now rinky-dink bankruptcy of old bernie s company. when bernie s company went bankrupt, it was called worldcom, at the time it was the largest bankruptcy the country had ever seen. but looking back on it, that s rinky-dink compared t ....

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Detailed text transcripts for TV channel - MSNBC - 20111028:08:13:00

Should have never been written and selling them as if they were gold. knowingly inflating the value of those things. which not only screwed over individual forklifts who investors who they were selling them to as if te were valuable but blew up the housing market and the american economy with it. they weren t just selling these, they were taking bets against them themselves because they knew what they were worth. and they knew it was a great bet. they knew, forgive me, they knew they were crap. they knew they were going to fail. they were set to make money when they failed. and they were selling them as if they were gold. and that is something very simple. that is fraud. that whole game did not cause collateral damage like the comparatively now rinky-dink bankruptcy of old bernie s company. when bernie s company went bankrupt, it was called worldcom, at the time it was the largest bankruptcy the country had ever seen. but looking back on it, that s rinky-dink compared to what we went t ....

Housing Market , Bernie Ebbers , Collateral Damage , Rinky Dink Bankruptcy Of Old Bernie , Wall Street , Rinky Dink ,