Detailed text transcripts for TV channel - MSNBC - 20110420:10:49:00
Unvirtuous circle. it tends to take a looming crisis for politicians to take unpleasant and politically risky steps. the challenge is no one knows whether there is enough time for politicians to act and the point at which the situation unravels. mark, these things do unravel, if you look at the other countries very quickly, interest rates shoot up, suddenly costs more to service our debt, countries to stop buying our debt. this is one of those things a long time coming but when it goes bad, it goes bad quickly. you get the sense of the s&p warning, it means nothing, the president, geithner and...
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