Detailed text transcripts for TV channel - FOXNEWS - 20170809:20:53:00
The impaired assets they held were mortgage-backed securities, known as -- and credit the full swaps and all these exotic instruments on their balance sheets and nobody knew how to price them. they were marked down to zero taking down each bank. each bank was insolvent prior use to the various bales. when you bailed out aig, it had a back door effect. we don't have anything close to that. we might have an overvalued stock market, which i think i can make the case based on we don't have tax reform, we have global unrest. you may want to take some profits. but it's nothing like that. >> liz: i'l...
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