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Detailed text transcripts for TV channel - CNN - 20100421:17:21:00

you do that through putting the instruments on a clearinghouse as much as possible so that as part of the clearinghouse exercise you have a third party in intermediary who maintains margin positions, liquidity positions so that you know that the counter parties actually have something behind them besidb besides their name. that s doable. senator, what s holdsing you back and other republicans, what s in the bill right now that s holding you back from supporting it? i think you would agree with me there s a lot of stuff in there that s good and necessary and would be supported by the public. what would have to change? well, the lincoln bill as it s been reported out of committee basically over-reaches because it forces first it s a report by the ad committee and they have a different report of the world than the financial markets. it s forcing everything to go into an exchange program and go from clearinghouse to exchange instantaneously or mandate. that s a problem because the

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