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Detailed text transcripts for TV channel - MSNBC - 20120516:09:15:00

Restrictions need to be tighter rather than looser, as mitt romney suggests. jamey dimon says, we ll take corrective action. really? wall street has been so strong and good, they have varnished those of us who believe in real collective action as being radical. let me tell you the three steps wall street considers radical. number one, restore the glass/steeg elle act. you can t do banking and securities and real estate all in the same pot. number two, ban naked credit default swaps. some other countries haven t, we have it. it s flat-out gambling. number three, get rid of too big to fail. if you re too big, break them up. we did that with standard oil into 30 separate companies. if you re too big to fail, you re too big. the too big to fail companies are bigger than they were when they nearly collapsed our economy. maybe this is a makeup call, maybe the congress and the president will decide we need to ....

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