Detailed text transcripts for TV channel - MSNBC - 20100427:19:09:00
That report card is now not the grade that it originally had been. consequently, it's going to get more expensive for them to borrow money. this is a bad spiralling effect. >> art, do you want to weigh in on that? >> no. i think that's exactly correct, you know. there was a famous old book about world war i called the guns of august. barbara tuchman, the author, said the world stumbled into world war i # because everybody believed somebody would be smart enough to stop it. that's what i think everybody believed about the greek debt issue. yet nobody seems to be doing anything about it. i don't...
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