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Detailed text transcripts for TV channel - FOXNEWS - 20110730:14:45:00

The big bang theory is a creation of the universe, i m not going to get thoo that argument. 13 billion, 700 million years ago, we re talking about 4 trillion, what is this? it is goofy. finally, i know we re breaking up with you, i hope i have it long enough to get a reaction. b barney frank sayseeing even in the event after downgrading, he thinks that moody s a jumping the gun, threatening one, but doesn t mean that institutions have to, unless they have their own special individual rules, sell those securities because they re no longer triple-a. and a, is that true? and b, if it is, you know, in a weird way cld it take the pressure off these guys to come up with a co-gent deal? they re not going to come up with a deal and the numbers they re talking about don t even come close and even the president at one tile said 4 trillion in 12 years, and said ....

Creation Of The Universe , Big Bang Theory , 13 Billion , 4 Trillion , 700 Million , Barney Frank , Moody Sa Jumping The Gun , Doesn T , Who Don T ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:14:45:00

Not going to get thoo that argument. 13 billion, 700 million years ago, we re talking about 4 trillion, what is this? it is goofy. finally, i know we re breaking up with you, i hope i have it long enough to get a reaction. b barney frank sayseeing even in the event after downgrading, he thinks that moody s a jumping the gun, threatening one, but doesn t mean that institutions have to, unless they have their own special individual rules, sell those securities because they re no longer triple-a. and a, is that true? and b, if it is, you know, in a weird way could it take the pressure off these guys to come up with a co-gent deal? they re not going to come up with a deal and the numbers they re talking about don t even come close and even the president at one tile said 4 trillion in 12 years, and said 4 trillion in ten and they re missing around with 60 billion ....

13 Billion , 4 Trillion , 700 Million , Barney Frank , Doesn T , Moody Sa Jumping The Gun , Who Don T , 60 Billion ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:15:05:00

don t bet on that. the issue of holding triple a securities and they are downgrade a lot of institutions have the triple a. you have to get rid of it. there is a statute from what barney frank was saying that is not the case. that could give institutions wiggle room or not? i don t think that dodd frank can override a mutual fund perspective. the by laws say you have to hold a certain amount of triple a securities. be honest about the debate. we have one rating agency moody s investor service that came out yesterday and said unless we default, we are likely to keep the triple a. s&p. it sounds like they are going to downgrade and let s say s&p lowers us to a double a . ....

Triple A , Dont Bet , Barney Frank , Dodd Frank , Moodys Investor Service , Double A , Tripleas P ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:14:09:00

That s worried barney frank because he thinks that moody s, for example, jumped the gun hinting it would put debt on review for possible downgrade and others views that these guys have gotten to the deadlines and the ratings agencies are getting antsy and a lot of folks on capitol hill are saying that isn t fair or write. and we ve got the democrat from arkansas, senator, what do you think of what barney frank is saying, look, if moody s or s & p want to move that s one thing, but to threaten a potential downgrade n now, just bad timing. well, there s no doubt. all of this is bad timing we are in the middle of the session, that s terrible. the bottom line the rating agencies have been around a long time and always treated the u.s. government debt as triple-a. and really the best in the world. neil: even though their own track record isn t great. not always great, but it is what it is and so, a downgrade ....

Congressman Barney Frank , Moody S , Capitol Hill , Isnt Fair , No Doubt , S P , Rating Agencies , Neil Cavuto , Isnt Great , Government Debt , Bottom Line ,

Detailed text transcripts for TV channel - FOXNEWS - 20110730:15:55:00

Triple a. what is more triple a. uk? switzerland. investors will be intelligent despite it is a serious thing. we must have a deal and i believe we will have a deal. but what is more critical that we continue this incredibly important discussion how to grow the economy and reform the tax code and reform entitlements and cut spending and we have to do all of those things and ultimately restore the pren prennal culture in this country which requires us to restrain the excess of government regulation and we need to keep the debate front and center so they do happen. carly, thank you . nice catching up with you. thank you, neal. what ever we come up with is not substantive. ....

Triplea Uk , Tax Code , Government Regulation , Pren Prennal Culture ,