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The dow jones industrial average. there's a sharp corner where the graph goes up that was the beginning of the.com bum. why did that happen in 1985, 2005, why did it happen at all? >> the depression era generation was retiring. this generation that understood"8tln the dangers of financial risk. they had grown up in the economic deprivation of the great depression. the baby boomers only knew about prosperity. they took over wall street they had ambition, hunger for profit. they realized that up to this point the investment houses had been partnerships. >> all the banks that blew themselves+]-6Ã...

The dow jones industrial average. there's a sharp corner where the graph goes up that was the beginning of the.com bum. why did that happen in 1985, 2005, why did it happen at all? >> the depression era generation was retiring. this generation that understood"8tln the dangers of financial risk. they had grown up in the economic deprivation of the great depression. the baby boomers only knew about prosperity. they took over wall street they had ambition, hunger for profit. they realized that up to this point the investment houses had been partnerships. >> all the banks that blew themselves+]-6Ã...

Average. there's a sharp corner where the graph goes up that was the beginning of the.com bum. why did that happen in 1985, 2005, why did it happen at all? >> the depression era generation was retiring. this generation that understood"8tln the dangers of financial risk. they had grown up in the economic deprivation of the great depression. the baby boomers only knew about prosperity. they took over wall street they had ambition, hunger for profit. they realized that up to this point the investment houses had been partnerships. >> all the banks that blew themselves+]-6ñ up, they were al public...

Average. there's a sharp corner where the graph goes up that was the beginning of the.com bum. why did that happen in 1985, 2005, why did it happen at all? >> the depression era generation was retiring. this generation that understood"8tln the dangers of financial risk. they had grown up in the economic deprivation of the great depression. the baby boomers only knew about prosperity. they took over wall street they had ambition, hunger for profit. they realized that up to this point the investment houses had been partnerships. >> all the banks that blew themselves+]-6ñ up, they were al public...

The cia will be an outstanding secretaryçó of defense as well. he'll pick upxd where secretary gates has left off.ñi i think we're well served. >> it's interesting panetta's long public service record isn't necessarilyçó fh!cut on the others in the past. do you think that's going to change things? >> i think whate1 secretary panetta will bring is ani] unastanding of the&-