interview transcript-Part 1

Could you check if i got it right?

The first video clip titled Is this socialism

Here's the link: http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=10334610&ch=4227541&src=news

Here's the transcript:


**This is a question everybody wants answered..Is this socialism…have we now.. sort of stepped…taken a huge step away from the kind of free willing capitalism that we've know for the last twenty or thirty years..



-I don't know what we'll call it but it will be different. and there will be more regulation..an era.. golden era of financial services is over in my opinion..





But why isn't it socialism??..if the government starts owning our banks..**



-But I think that's an extraordinary major taking an extraordinary times and that will not last forever..we will pay off the preferd stock at some point and come back to not being owned partially by the government..



**Can you give us what your sense on how long it's gonna take



-I think somewhere between 3 and 5 years will pay off and then you go back to more towards capitalism.