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Detailed text transcripts for TV channel - CNN - 20100420:03:41:00

is the scandal real? or is the real scandal, like so many others in washington and wall street, perfectly legal? is this an exception or par for the course? is there something fishy about the timing of the lawsuit? just as the white house is pushing for greater regulation on wall street. joining us now, michael lewis, he s got three books on the new york times best seller list. including number one, the big short. which lays out how the economy crashed. who was responsible, who saw it, who saw it coming and made a fortune off it. so michael, you read paul krugman in the new york times who says this is looting in loafers. you read the wall street journal editorial who say is this all there is? what do you make of it? how big a deal is this? the s.e.c. case against goldman i think is a really big deal. because basically i think what they re saying is they re launching a war into what is standard practice. i mean, this is i don t think there s anybody on wall street who didn t

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