Detailed text transcripts for TV channel - FOXNEWS - 2011060

Detailed text transcripts for TV channel - FOXNEWS - 20110605:21:24:00

because there are lower standards than in federal securities, under federal securities law, the manhattan d.a. can bring up. >> gregg: we know what happened to arthur andersen, they went out of business after being convicted criminally. >> but i don't think that will happen, arthur andersen, an accounting firm has to have a stellar, perfect record, basically. most people think investment banks will be looking out for themselves and i'm not so sure the clients but the board of directors will determine whether or not he keeps his job and a lot of cronyism going on. >> gregg: as a footnoted, the supreme court eventually overturned the conviction on arthur andersen. and by then as too late, and, it doesn't exist any more. i don't think that will happen to goldman, i think you are right. >> i don't, either. >> heather: dreaded pat-downs at the airport... >> gregg: i never have been patd down. >> heather: i have been, once or twice, a state trying to ban them outright. we'll tell you where.

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