Detailed text transcripts for TV channel - MSNBC - 20111209:10:40:00
Action prohibited by security laws. he said he did not authorize any movement of funds. their collapse is the eighth largest bankruptcy in united states history. turning to europe where a marathon meeting on the region's debt crisis ended with mixed results. for the latest we bring in jegef cutmore live in london. nicolas sarkozy saying make or break time for the eu. what did he peen? >> reporter: well, the argument he was making was unless we get these european nations to sit down and agree on some way of stabilizing the current crisis, we're only going to see the cost of the debt rise. and...