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CNN Newsroom Live

on the global stage especially, as that now been contained by the passing of this bill because one of the three major ratings companies, they're taking a wait and see approach. they are still warning they could still downgrade america's credit rating. >> we actually saw ten years ago when america got close to the fiscal cliff, the s & p. downgraded america's aaa credit rating. i think it's still possible. certainly all the dysfunction that existed in the lead-up to this debt ceiling debacle essentially still exists, and i think that alone, looking ahead to 2025, we're going to go through this again, you know, may not be enough to kind of stave off that downgrade, and it can be really costly, you know, just injecting again all this uncertainty into the economic markets and financial markets. that's not entirely costless. so it's a good thing that we got this done before the x date, but we're going to do this all over

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Detailed text transcripts for TV channel - FOXNEWS - 20130205:21:09:00

s&p reviewed the same subprime mortgage data as the rest of the market, including u.s. government officials, who in 2007 possibly state -- problems in the subprime market appear to be contained. basically we're not guilty. we did the same thing and you're picking on us. >> exactly. that's why people are saying there has to be something more to this. >> is it possible that this suit from the justice department tries to lay all of the blame for the crash of '08 on wall street? demonizing wall street? it's the bankers fault, the brokers, the insurance companies, the ratings companies, anything but politicians. >> just like the tax bubble. so easy to point at these analysts and said was their fault. the deserve 3 or 5% of the blame yes, they were wrongs they should have western people, yes they had a conflict of interest. but there are so many characters to blame. there's everyone who about a house they couldn't afford and told they didn't have to put anything down. the house would go up in value. buyer beware. everybody was at fault here.

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Detailed text transcripts for TV channel - CNN - 20110316:14:11:00

on tv and it made investors more nervous. besides japan worries, there's a lot of other things on wall street's plate. for one, there are other global fears. major ratings companies have downgraded portugal and bahrain's ratings. it's uncertain. also in focus today, the u.s. economy. we got down beat. new construction plunged 28% in february, building permits hit a record low and that's a big worry because those building permits numbers give us clues about what future construction is going to look like. everyone's wondering, why aren't companies building homes at this point? and analysts are saying americans are nervous. we've got millions of people out of work and rising food and gas prices. so, sure, there are a lot of moving parts today on wall street. the dow right now down 50 points. carol? >> alison kosik, thanks so much. how much is a safe dose of radiation? we actually get a little bit every day.

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