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Detailed text transcripts for TV channel - CNN - 20100422:17:42:00

We ll bring you more information the moment we have it. for a moment, a conversation in another big story we re following with robert lenzner of forbes magazine and christine romans. peter, i m going to start with you. there is a legitimate, i think, argument against reform that says can the reformers understand this speed at which wall street innovates and it will reform will regulation somehow stifle or hobble innovation? well, if in the derivatives market we try to shoe horn everybody into standardized contracts, it surely will not only harm innovation but it will also harm the firms that have legitimate uses for these things. chemical companies, steel company, automobile companies that buy commodities, for example, have legitimate different hedging requirements. they also have legitimate different hedging requirement it is you re an insurance company or manufacture with regard to ....

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