Detailed text transcripts for TV channel - MSNBC - 20110217:14:22:00
Open, crazy amendment process that's been taking place. it's a lot of fun. you've got to check it out next. but first, it's today's washington speak. >> i will venture to explain the miracle and sometimes the horror of compound interest. >> you know, jay carney is right. compound interest really is the stuff of nightmares. everybody knows when you borrow money, you pay interest on that money. well, with compound interest, the interest you owe is then added to the principal and then all new interest is charged on top of that. so it's a vicious cycle of owing more and more. and this is what ma...
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