sheet we would be downgraded. megyn: you guys are telling me we'll have a lot of market problems and financial problems here if we let it happen, so which is worse? >> what needs to happen is for the germ answer and europeans to understand that they have to anyplace -- they didn't anyplace this in the bud. they have to stop this now as opposed to letting this dragon. the germ answer could have written a check, it could have been 200 billion, later 350 billion they could have stopped the bleeding. there is a consensus in germany that we are not bailing out greece. >> greece is such a small economy, it's not a greece story it's a contagion, about what could happen, first greece, italy, portugal and spain. we have to stop it in the bud so it does not make its way over to the united states. >> there is this bail out fund. so far the u.s. has not tapped to contribute to it. the big question mark is will china and some of the others. that's part of the problem with the entire bail out plan is who is going to fund it and back