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Detailed text transcripts for TV channel - MSNBC - 20161016:07:16:00

financial system. bear stearns is rescued from impending bankruptcy by jpmorgan chase in march 2008. six months later the u.s. government takes control of the nation s top mortgage giants, fannie mae and freddie mac. lehman brothers collapses without warning and insurance company aig is seized by the fed, signaling that the entire u.s. financial system is on brink of failure. the government s response to the crisis was peripatetic. problems rolled in and they dealt with them on a case-by- case basis. they were just trying to stop the economy from going into a depression. in an effort to stabilize the economy, congress approves a controversial $700 billion bailout. this is truly a monumental moment in american history. their view was you can t just let it all go down because if the banks go down, then the economy is in chaos. a lot of people lost their homes and a lot of people lost their jobs. and eventually you saw people

Tonight americaMortgage giantsJpmorgan chaseBear stearnsFreddie macFannie maeLehman brothersMarch 2008700 billion00 billionAmerican historyBanks go down

Detailed text transcripts for TV channel - MSNBC - 20161016:09:16:00

bear stearns is rescued from impending bankruptcy by jpmorgan chase in march 2008. six months later the u.s. government takes control of the nation s top mortgage giants, fannie mae and freddie mac. lehman brothers collapses without warning and insurance company aig is seized by the fed, signaling that the entire u.s. financial system is on brink of failure. the government s response to the crisis was peripatetic. problems rolled in and they dealt with them on a case-by- case basis. they were just trying to stop the economy from going into a depression. in an effort to stabilize the economy, congress approves a controversial $700 billion bailout. this is truly a monumental moment in american history. their view was you can t just let it all go down because if the banks go down, then the economy is in chaos. a lot of people lost their homes and a lot of people lost their jobs. and eventually you saw people

Tonight americaMortgage giantsBear stearnsJpmorgan chaseFreddie macFannie maeMarch 2008Lehman brothers700 billion00 billionBanks go downAmerican history

Detailed text transcripts for TV channel - FOXNEWS - 20110907:23:35:00

deposits. as deposit insurance, the fdic fund is basically bankrupt. this is a real problematic situation if this bank don t survive. the question is, will it survive? i think it probably will. i haven t seen the books. it s impossible to know exactly. shepard: i tell you what we do know. the same thing that caused too big to fail is still in play. you tell me, bank of america isn t too big to fail. no. you see, they will tell you the financial reform act ended too big to fail, they are full of it people in congress, the president, because the bottom line is we have financial assets and deposits essentially concentrated in three big banks. one of those banks go down, think about it a trillion dollars. that s bigger than the stimulus program. back in 2010. this is a huge problem if they don t get the situation right i think brian moynahan, the ceo is doing some of the right things right now. he waited too long, in my opinion, to start tackling these issues. they are selling assets.

Deposit insuranceBank don tHaven tServices shepardIsn tJoint session of congressReform actBank of americaToo big to failBanks go downStimulus programBrian moynahan

Detailed text transcripts for TV channel - MSNBC - 20160724:10:09:45

Detailed text transcripts for TV channel - MSNBC - 20160724:10:09:45
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