Detailed text transcripts for TV channel - MSNBC - 20100413:17:21:00
The bailout was a bad idea. it's a silly thought, this notion of moral hazard. i agree with paul volcker that you have to separate investment banking so that banks aren't threatened by wreckless behavior among traders and investment bankers, but people truly -- it's funny. you had sam nunn on and it makes me long for the days where we had people that actually understood what they govern. these folks don't understand that the t.a.r.p. was a necessary by-product of something that took 25 years to build up. this notion that you allow banks to fail is a type of thing that destroys economies. with ...