Detailed text transcripts for TV channel - MSNBC - 20130820:09:44:00
Glad to get back to cnbc. but, yes, i missed a bit of this mini rout, but investors must not get too earned. we're still up 16% for the year on the s&p and this despite quantitative easing will be taken away and it's all about the tapering that people are nervous about. we think it will start in mid september. elsewhere the fed has found out 18 large banks are weak in at least one key capital area, all part of the stressors. they haven't named individual banks, but it's all about reporting modeling and stress testing the various economic calamities and all the banks have a bit of work to do on...
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