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Detailed text transcripts for TV channel - FOXNEWS - 20110808:20:45:00

How is throwing reforms off the tail, how is that listening or seeking a solution? neil: we did not hear anything about official washington today including keeping geithner in the post, that would indicate they will change. guest: look the issues are bigger than geithner. we have a structural problem. we lack leadership and . neil: don t you get rid of the coach if you are off to 0-8 start? guest: in our system that is hard to do. neil: on wall street, are they in meltdown mode? guest: i don t think so. the balance sheets have been cleaned up and they took the hit for the toxic waste. neil: is this overdoing it? close to a bear market. guest: the market is not wall street per se. you are seeing capitulation. on thursday, when they violated support levels there was a lot of program selling. neil: is there more to go? ....

Neil Cavuto , Forget Geithner , Washington Today Including Keeping Geithner , Don T , Bear Market , Wall Street Cut And Run , Balance Sheets , Toxic Waste , Support Levels , Program Selling , Per Se , On Thursday ,