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Detailed text transcripts for TV channel - FOXNEWS - 20100619:18:03:00

Different models how to nationalize a company, general motors and chrysler. and if you get into trouble the toyota, for example, going to face such liability that the federal government is effectively going to own your future. paul: does this mean this setting a precedent that means in any future large scale industrial accident, that this kind of public trust fund, where a company has obliged to put money into the fund and the government will decide who gets paid and when, is that what we re going to see from now on? that s a danger and remember, one of the reasons investors overseas contracted to the american economy so long, we have a rule of law here, it s due process. what this effectively says to foreign investors, forget the rule of law, joe barton came out against the he caw it a shakedown. a shakedown. is that what it is, is it a shakedown? you better believe it s a shakedown, this goes around the legal process and the message this sends to foreign investors, be c ....

Paul Gigot , Setting A , General Motors , Public Trust Fund , Joe Barton , Due Process , Rule Of Law , Ita Shakedown ,