Detailed text transcripts for TV channel - FOXNEWS - 20100818:10:47:00
73 banks across the united states have now failed. why in the world should we be backing up fannie and freddie? is there any reason? >> the only reason is because of the fact that they're afraid that those banks are going to -- there's going to be more failures because a lot of these loans are not worth what the banks are going to take losses if they have to -- if they have to eat them. so instead, the taxpayer, you and me are going to make the banks whole on these loans. theoretically so the banks don't fail. another bank bailout. >> another bank bailout that i don't know the american public ...