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Detailed text transcripts for TV channel - MSNBC - 20110806:11:06:00

Forced to divest by investor guidelines. but we ve seen the psyche of this market worldwide is fragile. there are troubles in europe, why the g-7 finance ministers are scrambling to have a meeting and how the markets react is unpredictable. if they get spooked, it could raise interest rates and create further headwinds for this american economy and underscores the argument that president obama made last week after that deal was passed which is that we don t have a problem with u.s. credit. we have a problem with the u.s. political system, standard and poor s pointed to those problems in making this downgrade. john har word. lots more from the white house today. leaders on capitol hill are assigning blame for the downgrade and not surprisingly pointing fingers across the aisle. john boehner said this should be a wake-up call for democrats to get serious about cutting spending and taking on entitlements. boehner said this decision by the s&p is the latest consequence of the out of cont

Markets
Market
Psyche
Meeting
Finance-ministers
Troubles
Scrambling
G-7
Investor-guidelines
Europe
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President-obama

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