Detailed text transcripts for TV channel - FOXNEWS - 20100413:21:12:00
In five years it will adjust. we all said don't worry, we'll be able to afford it. we had a happy face and a house. what happened? it adjusted and we lost the house. sad face. let's see. remember the scenario. let's see if maybe uncle sam has learned from it. uncle sam. no money. going to the bank of china. they give him a dollar with lots of zeros on it, a three-year adjustable rate and 1.6%. uncle sam happy. what happens when this number is bigger? uncle sam sad. this stuff, our founding fathers would have put us in a woodchiper if they had one. the first half of this century and half of the...
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