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Panic spread around? >> no one knows. there might be a lot of unnecessary panic. i have talked with wall street people trying to get their voice on this and it is hard to tell. here's the doomsday scenario. lower the u.s. rate. interest rates go up. monday morning. treasury bonds, remember the price of treasury bonds not set pie s&p they just issued a opinion. that weighs in to what they think. dooms day sceniar quo and that means yields go up and prices go down . interest rate goes up that affects the credit card and what you pay for the home mortgage. that is a spike in yield and spikes up w...

Panic spread around? >> no one knows. there might be a lot of unnecessary panic. i have talked with wall street people trying to get their voice on this and it is hard to tell. here's the doomsday scenario. lower the u.s. rate. interest rates go up. monday morning. treasury bonds, remember the price of treasury bonds not set pie s&p they just issued a opinion. that weighs in to what they think. dooms day sceniar quo and that means yields go up and prices go down . interest rate goes up that affects the credit card and what you pay for the home mortgage. that is a spike in yield and spikes up w...

Panic spread around? >> no one knows. there might be a lot of unnecessary panic. i have talked with wall street people trying to get their voice on this and it is hard to tell. here's the doomsday scenario. lower the u.s. rate. interest rates go up. monday morning. treasury bonds, remember the price of treasury bonds not set pie s&p they just issued a opinion. that weighs in to what they think. dooms day sceniar quo and that means yields go up and prices go down . interest rate goes up that affects the credit card and what you pay for the home mortgage. that is a spike in yield and spikes up w...

More money. >> mike: buy a car dead and don't wait until mond and lock in the rate if you can. >> or spend all of your money. >> mike: i think a lot of people think come monday if they have a home loann it is a 30 fixed it is six percent >> it is locked in. >> unless it is an adjustible rate and there is a time frame. >> there is my caveat. read the fine print. >> mike: how many of the audience read the fine print. >> you should. it is hard to get through. >> mike: a hundred percent of the audience. >> sometimes the fine print said it is based on the usa keeping a triple a rating . two rating ...

Be a hero get the fair tax somehow created and get that done so we could have a real simple tax code and this republican will be there with you all of the way. we have to go. >> i promise you, it approximate you want a leader in reform, you got one. >> mike: congressman one day we'll talk more about jess -- jes jess jesus do? thank you very much. republican reaction with the credit downgrade. he will be with me when we come back. sure it helps you keep regular, but it doesn't stop there. metamucil is the only leading fiber supplement with psyllium, which gels to help remove waste and reduce ch...