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Detailed text transcripts for TV channel - MSNBC - 20110809:07:00:00

Detailed text transcripts for TV channel - MSNBC - 20110809:07:00:00
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Detailed text transcripts for TV channel - FOXNEWS - 20110808:01:24:00

anp. right about now you may be thinking why did a little company like standard & poors have suc our economy? s&p carry big weight with professional investors folks deciding whether or not to buy our nation s debt. they don t have the time to analyze the safety of every bond they buy they rely on ratings agencies like s&p to do it for them. it s probably good outsiders judge sovereign debt because you can image what the advice the countries themselves would give on the debt, buy it it s great. but the reputations of all of the big ratings agencies have been in at that timers after th taters after they failed to forecast what happened had the investment market. some companies say s&p is trying to get back the reputation after the downgrade.

Detailed text transcripts for TV channel - MSNBC - 20110808:19:58:00

watching the boards all day. what s your reaction? well, i late to say it, but i watch all of this with a little ironic amusement, thomas. not because of any particular pleasure in watching the economies deteriorate or the markets fall, but watching everybody blame the ratings agencies or blame the government when our own government made an explicit decision three years ago in a financial crisis to take all of these problems from the banks and put them in the government, and now three years later it s like, hey, you mean that decision that we made in the fall of 2008 whaig was gettg liquidated becausen accounting fraud and we bailed them out and put it into the government? oh, you mean doing that after the morphine of money printing wears out means the problem is still there? well, guess what?

Detailed text transcripts for TV channel - FOXNEWS - 20110807:20:09:00

and when they coming down, they come down more slowly. it would take a couple of days for things to settle out and for actually loans to go up. this does give you some time to stop big balances on your credit card. try to get rid of them. go to a reputable debt service agency that can help you consolidate. take a look at refinancing, it may make sense to take your mortgage rate down a bit. so there are some things you can do to prepare for mortgage rates or interest rates to go up. although they may not be going up all that much. finally, the two other ratings agencies, they are like sandbags with the flood against the s&p. does it make them hold firm and stay steady or pressure them to

Detailed text transcripts for TV channel - FOXNEWS - 20110806:06:07:00

only way to get to four trillion was to include revenues and tax hikes. these agencies are neither republican nor democrat. they do not care. they just want to see tate adds up to four trillion. they don t so they don t make political statements as to whether the complexion of the deal is hear me out. they are saying if it wasn t going to be four trillion, regardless of the mix, they wouldn t like it. they didn t like it. this is what they did. greta: can we stop putting them up on the alter. let s take about these ratings agencies they are the reason the credit swaps got the aaa ratings [ talking over each other ] please i frankly don t care who is to blame. when it comes to washington pointing fingers it too missed a lot. i m not making excuses for the ratings agencies. greta: if they are so up to

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