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Detailed text transcripts for TV channel - FOXNEWS - 20110808:20:53:00

Question recovery. guest: i assume you are talking about geithner but he is just a staffer and he is giving obama bad advice but obama put geithner in that position because he believes that. you get rid of geithner and bring in another who is around the resolving door of wall street you get the same bad as vice. neil: we are getting word that the senate banking committee is looking into the s&p downgrade and people are shooting the messenger. where does this go? guest: well, s&p and the other rating agencies do not exactly have a go track record. they have miss sod many big calls going back to enron and worldcom and fannie mae and freddie mac and greece and portugal, and if you read the s&p report it is politically driven document. i don t put much stock in them, ....

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