Detailed text transcripts for TV channel - MSNBC - 20131009:07:54:00
Severe stock market reaction. it would be very fascinating to watch the treasury markets react to this because the risk becomes the u.s. is going to default on its debt. but in a period of panic, the traditional thing for all market participants is to raise for treasuries. >> treasuries aren't going to paid back. you just lent someone money they're not going to pay you back. what markets do when they panic, they rush to buy treasury bonds. >> i don't think anyone really knows the result, because the instinct for anyone is any time anything nervous happens is buy treasuries. but 245i6's the -- ...
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