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Like greece. now people are betting on whether it is going to default or not. >> price of credit default goes up as what they insure goes down in value. they're insurance in case of a default. because greece moves ever closer to default, credit default swaps are moving up in price. but the problem is can i just interject? the problem is if greece does default, the cdss have to be paid off. somebody, the person who issued the credit default swap will have to pay a lot of money, which is what happened with the sub prime. guess who is issuing t issuing ? aig. aig, which we essentially nationalize...

Banks account for underlying assets, if you have the government saying you do not have to post collateral of aaa rated financial institution, even if you crater the entire western economy, we will give you the accounting fraud relief you need if you pay us in political donations, we will not force your credit default market with everything else in the public. basically if you sent a child to las vegas, had them gamble with somebody else's money and keep the winnings, they lost the money, you gave them ten times more, i go back to the original question, who's the more on? the american people in...

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That, of course, just hours before the oh, so dramatic default deadline that was such a political event. this may stave off a credit default. and we certainly have available financing. but haven't we already defaulted when it comes to jobs and the promise of american prosperity and working together towards shared values, toward a common goal with integrity and respect? our friend senator tom coburn put it best this morning. >> i think the politicians won and america lost, is what i think. it was great theater. in the long run, the country lost. >> i couldn't agree with the man more and we've b...

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