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Detailed text transcripts for TV channel - MSNBC - 20110806:01:02:00

Credit rating. but then what started off as an alarming story frankly became a weird story when a third government official told abc s&p had made a serious mistake in its analysis base ed on flawed math and assumptions and the united states was fighting back against a potential downgrade. john harwood telling us after the s&p notified the administration they were going to downgrade, the treasury department argued to s&p that their math was wrong, that there were errors in the computation of their data, calculations that one source told john harwood were off by trillions of dollars. john harwood will be joining us for more on that. he reports since the downgrade, the white house is denouncing standard and poor s is going ....

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