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Some of these countries. >> warning about what will happen. coming up we will look at the generation's forgot pen man. it's not the folks making over $250,000. forgotten men today is our children and grandchildren. we are taking the money and leighing them with the debt. grandparents -- they are telling ourselves a little bedtime story that it will be okay. native language ] ♪ [ speaking native language ] [ moans ] [ speaking native langue ♪ [ speaking native language ] ♪ [ speaking native language ] ♪

The back of a new generation of political leaders, hopefully some come from baby boomers. >> sean: i watched gingrich up close during the revolution his contract with america day george w. bush did was kept this country safe and he never wavered on the idea that we've got to be on the offense. which we weren't in the lead-up in the 90s. i don't know, these problems seem worse to me. has taken us back to bill clinton era policies. &$4= us back to carter on steroids. >> that's frightening. we can build, even though we have a calamity here and we built on the ashes before. after the great depress...

Responsibility. but this new generation, it seemed like the concept of personal responsibility was left in the mud at woodstock kind of what we say. really they lost track of who they were and it was all about me, the me generation. >> the investment banks are incredibly important in the post-war era building the united states to industrial power. partnerships with men who fought in world war ii and put their country first and had tremendous fiduciary responsibility. we have two systems socialism for the very poor and socialism for the wealthy. capitalism for the middle class. >> sean: i never...

The forces that came together over 40 years. >> sean: wasn't that their goal to get america from within? >> that's what happened. >> sean: i make the case, we are going to get into detail here. the idea that the government would tell, first of all they designed the car companies in the country. the government would tell banks and financial institutions that they've got to make risky loans that they know people are never gonna pay back. >> greatest generation the world war ii generation it would never dawn on them to take the type of risk these people did. the people who were the 60s hippies. t...

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...