Detailed text transcripts for TV channel - MSNBC - 20100701:20:18:00
Absorbing, quote, investment grade assets. >> who did they say that to? >> the senate public hearing. >> and what was said? >> there was a footnote in the written testimony of geithner that said as of march 14 of twooigt, all the cash assets had to be invested. by the time they spoke on april 3rd, $40 million of clat rised debt obligations were down to junk. by the time the deal closed in june, over 170 million of the same had been downgraded to junk. we took this information and we took it to the congress people who were there when they spoke. they sid, indeed, they felt the quality of the as...
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