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Families is shrinking. no kidding, right isn't disturbing new report showing the recession wiped out nearly 20 years of wealth. according to the report, median net worth declined from $126,400 in 2007 to $77,300 in 2010. what is behind the plunge? and should we brace ourselves for more? liz mcdonald is here. why the plunge down? i mean, i recognize we have the housing bubble and nasdaq taking such a terrible dip. but tell me, what is it? >> three-quarters is housing. you know, this report feels really bad, right in it feels like it will have a serious gravitational pull on the psychology of th...

so absurd. people are having hard times in this country. the president needs to go out and talk to people. not just do fundraisers. go out and talk to people in the country and find out what's happening. >> mitt romney seems to be placing the blame on president obama. there's no doubt that that 40% drop in median net worth in three years is terrible. but what's lost in the comments is the fact the three years we're talking about, the three years the federal reserve study looked at are from 2007 to 2010. president obama didn't take office until 2009. so president obama and his support...

126,400 bucks in 2010 it is down to 77,300. look at the family income as well. 49 thousand down to 45 and change there. this is the opposite of what former fed chairman used to call the wealth effect when america felt wealthier in late 90s your 401 k was going up and home values are going up. home values is where much of the wealth is and they have plummeted during the financial crisis. that is the main culprit for the decline. >> what about stocks? >> it would certainly as individual investors did. we know that from following the mutual fund data. they pulled their money out at the exact wron...

good political battle. they are flying as the fact checkers work overtime. and a top united nations official now says syria is in a full-scale civil war, even as a u.n. report accuses the damascus regime of torturing children and using them as human shields. i'm wolf blitzer. you're in "the situation room." you don't often see a cabinet member subjected to such a harsh grilling. the attorney general eric holder on the hot seat facing republicans furious over a litany of complaints. he held his ground against calls for his resignation. dana watched it all unfold. >> a botched gun-ru...

crackdown on dissent. we begin with today's dramatic, intensely partisan confrontations between senate republicans and attorney general of the united states. a feisty appearance before the senate judiciary committee, attorney jenner i can holder refused demands that he apoint special counsel to investigate recent leaks of sensitive national security information. >> two people i pointed to look into matters are first rate prosecutors. >> special counsel, somebody new other than the two people that all of us could buy into? >> senator, i think you're missing something here. >> i thin...