Detailed text transcripts for TV channel - FOXNEWS - 20120422:17:12:00
Emergency loans. ireland, portugal and greece and although the u.s. declined to participate in this latest pledge we are still big backers of the international group. the single largest share holder with the biggest quota. we back a maximum of $65 billion in loans nearly a fifth of the resources. a vote to back more would have required a vote in congress. a tough night in an election year with unemployment here about above 8%. the issue now is for european countries awash in red ink to take the action necessary so they won't need more loans. that is the hard part and it is not at all clear giv...