Detailed text transcripts for TV channel - MSNBC - 20110808:17:01:00
For more on that i'm joined by nbc's chief foreign correspondent richard engel in kabul and william co-when. and chris matthews, first, you, let's talk about the s&p. clearly a political judgment by the s&p about the future of debt reduction and long-term solvency. is that exceeding their grasp? and was it wrong as the white house and treasury --? >> it's done. it has power in itself. they have credibly. we live with the s&p every day. the value of our stocks our portfolio is depending on how the s&p rates it. i think it probably has more to do with the dollar and the value of our dollar. i th...
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