Detailed text transcripts for TV channel - FOXNEWS - 20110418:20:01:00
European stocks were slammed. the global financial emperor was pound to have in clothes today. friends it is like the world just said the jig is up. let me quote from s&p because the u.s. has relative to its aaa, what we consider to be large budget deficits and rising government in indebtedness and e path to address this is not clear. we revised our outlook on the long term rating. cutting to the chase, we will lose our aaa rating, guys, that is like losing the good housekeeping seal of approval. like the gold standard. and if we don't meet it, which is why rating agencies folks everyone in th...