Detailed text transcripts for TV channel - MSNBC - 20110714:20:05:00
The insanity of the way the default is set up? in other words, it's clear there's all this fearmongering or maybe it's real, nobody knows. we won't pay the senior, won't pay the veteran. close the national park, all these things come out as we approach, but i don't think people comprehend is the falling. if you connect the dots with the no deal on august 2nd, right, and basically move from that to what the treasury would do. immediately guarantee all bond payments. the first thing that happens, soon as there's a default or past this date, treasury says every bond gets paid, interest paid, mone...
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