Detailed text transcripts for TV channel - FOXNEWS - 20120622:15:09:00
Very likely and this could be what pushes us over the edge. jenna: mike, are you hearing that as well? this could be a precursor it is another sign we're headed toward a recession? >> it doesn't help. the tangible results of a lower credit rating, higher borrowing costs for banks the need to have more capital have mostly been put in place. right now the stocks and bonds of banks are going up because we sort of already built this in expectations. i agree the appetite for aggressive lending is only going to be diminished by this action but i don't think this is really the big swing factor as whe...