Detailed text transcripts for TV channel - MSNBC - 20111027:20:08:00
Congressman, where do we have to go to end up in a conversation with the committee for economic development and other major ngos to have a real, serious conversation among serious men and women about a third marshall plan? >> well, dylan, i've got to tell you. my stninstinct is, we are far beyond the capacity of any ngo out there. what europe is basically trying to avoid is a cascade effect. but think of this. by june, what is it, european banks are going to have to be holding 9% tier one capital. that's a lot of money. they're going to find somewhere to actually carry on their books. so i'm e...
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