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Transcripts For CNBC Mad Money 20131015

Yep, today it became clear that all the nice things weve been hearing act the deal on thursday had nothing to do with the rally becausesant tiding was all in the senate. Theyre just scared. Not the senate. The senate is scared, the house isnt. The house of representatives as we keep discovering is a horse of a different color. From the very beginning you never expected the senate to reject a debt ceiling increase and not just because its controlled by a democrats. There are enough republican senators around for a while and talk to the Business Community to know a disaster looms if we dont do something. There arent enough in the house for certain. First of all, i am unwavering in my belief that if we default it will financially catastrophic. Just placed u. S. Debt on a negative ratings watch this ebbing in the sign of real trouble if the debt ceiling isnt raised. No kidding. They should be doing that. I thought that dave temper ....

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