Detailed text transcripts for TV channel - FOXNEWS - 20100510:13:09:00
The underlying problem is europe can't pay its bills because they've got an entitlement culture, they've run out of other peoples' money so they need this trillion dollars. the rescue package doesn't fix that problem. the underlying problem remains exactly the same. bill: taxpayer money, in behalf of the u.s., part of this is imf money, part of that, imf money is our money, right? >> yes. bill: how much? >> that's true. some imf money is involved in the trillion dollars package but also there's what's called a currency swap arrangement with the federal reserve, america's central bank. we are g...
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