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Detailed text transcripts for TV channel - CNN - 20110214:04:04:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:04:04:00

Appearances of doing well but we won't admit that we're broke. being in debt is slavery. when i'm paying last month's bills with next month's check that's slavery. when i'm writing a check hoping it doesn't bounce or when i pull out my credit card praying it's not rejected, i'm living in financial bondage. >> reporter: it's a problem exacerbated in today's economy, the worst since the depression. economists say the crisis is rooted in the past. >> the african-american community is economically more fragile because wealth is a function of generational accumulation. we were some other people's a...

Detailed text transcripts for TV channel - CNN - 20110214:07:04:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:07:04:00

Being in debt is slavery. when i'm paying last month's bills with next month's check that's slavery. when i'm writing a check hoping it doesn't bounce or when i pull out my credit card praying it's not rejected, i'm living in financial bondage. >> reporter: it's a problem exacerbated in today's economy, the worst since the depression. economists say the crisis is rooted in the past. >> the african-american community is economically more fragile because wealth is a function of generational accumulation. we were some other people's accumulation historically. so we're 100,200 years -- >> reporter...