Detailed text transcripts for TV channel - MSNBC - 20110804:18:32:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20110804:18:32:00

dylan. but what's happening here with people -- my twitter is literally on fire. people think it's because of the debt ceiling debate. it's all over the place here. >> and we're having a real selloff today. >> why? >> you don't need me to say that. you're looking at an across-the-board 3% reduction in assets. but it's not just today. the dow jones industrial average has been down nine of the past ten days, the s&p 500 has been down eight of the past nine days. the question is why are we seeing over the past two weeks a constant selling force that is now reaching a crescendo today with this big spill? to the best of my reporting in talking to bond investor investors, stock investors, long and short term, it comes down to a simple story. the american government over the past month, six months has revealed itself at this point of not being able to engage in constructive problem-solving. >> so that brings uncertainty -- >> that brings the fact of government that is not engaged

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