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Detailed text transcripts for TV channel - MSNBC - 20120613:04:21:00

going to be on his record, that everyone would hate him for that because everyone hated tarp but he did it because if he hadn t, the bailout hadn t gone through, we would have been in danger of losing our banking system and private businesses would have not been able to access capital. obama could have gone in a different direction by listening to the many economists who told him to nationalize the banks but he didn t. left them under private management. then he had to usher through the auto bill, which mitt romney, even though he now denies it, said we shouldn t do, leave it to the private bankruptcy market, which didn t have the ability to finance them through bankruptcy at that point. that was the auto business implosion that could have been but barack obama saved it because he doesn t hate business.

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