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Detailed text transcripts for TV channel - MSNBC - 20110809:20:02:00

the rescue of banks of investors, of speculators, not so much when it comes to mom and pop working and struggling to save, to put their kids through college. why would that bet be a good bet? is it because of the pensions? is it because of the implied threat of the bond default, todd? is there something that these bonds speculators have mom and pop don t have to leverage the government and central banks into bailing them out uniquely? speaks to the enormity of this and it s been cumulative, building in the course of the last ten years. and it s been skewed by spending margins, the haves versus the have nots. worst for main stream america but most of the media and financial markets are just now waking up to that has everybody sort of experiencing, like waking up to something you thought was a bad dream and finding out it s not. it s actually happening. we actually do owe this money, we actually don t have a lie grade of employment growth or investment, and we do have

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