Detailed text transcripts for TV channel - CNN - 20181231:06:19:00
Safer investment. >> the idea was that all this was diversified in 100 different ways. everybody had little, little pieces of it, and therefore if one of the little pieces went down, the other piece wouldn't go down. but that was the fallacy of the whole scheme. >> from main street to wall street, today's foreclosure numbers are foreboding. >> they're rising so fast that they could soon involve one in 100 american homes. >> the fact that millions of americans were getting mortgages that they should never have had, that's kind of an isolated virus, but wall street, ooh, wall street sent the vir...