Detailed text transcripts for TV channel - FOXNEWS - 20111118:03:04:00
Did it extend as far as that point? >> to the best of my knowledge, it ended about the time that we were going into a tailspin but i would have to go back. i can't give you an exact date. it was clear by that stage that what you had was a giant bubble because you had loan requirements that had collapsed to the point of absurdity. people could get mortgages who had no credit history, no down payment, et cetera. and having been a professor of history and somebody who had actually looked at economic history over time, it was very clear that this was a bubble that was developing that had bad conse...
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