Detailed text transcripts for TV channel - FOXNEWS - 20140223:20:45:00
On center loans, for example. >> so what will the down side look and feel like? we know a few years ago it was part of the problem in the great recession or so-called that people didn't have savings to fall back on. >> yeah, it's very scary actually. because half of all americans have more credit card debt than they do emergency savings. so if they lose their job, they will have to just pile on with more debt. and you're exactly right, that is why the bubble burst, people using too much debt. >> i don't want to punish the banks for this because they're doing what they do to make money. but are...
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