HTML in Flash

Hey, I’ve been trying to finish this site up for a while and every way I try to do it runs into problems. I would really like to finish it the way I started it, which is all in flash. But I need a content area which knows HTML. I tried to do the load dynamically txt file which knows HTML, but it sucks none of the HTML works and my tags just show.
loadText = new loadVars();
loadText.load(“news.txt”);
loadText.onLoad = function() {
_root.nemo.name.html = true;
_root.nemo.name.htmlText = this.name;
};

Thats what I was told to make it HTML, and it somewaht does work in HTML but its truely horrible. So is there anyway I can make an Iframe or somesort of HTML frame inside of flash? If anyone can suggest or help me I would appreicate it.