Detailed text transcripts for TV channel - MSNBC - 20100304:12:40:00
Produced. coming out of the war, by and large, an enormous long wave of prosperity. young people going to college in the '60s, they said they had a lot of money. gasoline cost 25 cents a gallon. you could get along on 50, 60 bucks a week and they began to catch that wave of high wages and then paid a price for that in terms of housing. >> cheap credit, easy credit, no savings programs of any kind. and they pushed it and push itted and pushed it until they went off the edge on the economic down turn. boomers on wall street collecting the fees, passing along the derivatives. consumers out there,...
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