Detailed text transcripts for TV channel - FOXNEWS - 20120721:15:22:00
You housing market? that's the flip side. e-mac, explain this one. >> yes, it's bad because look, about 11 to 12 million homes are in negative equity. meaning that's 25% of all mortgages out there that are tipping, and there's he a-- basically a big fat inventory of homes set to be defaulting or delinquent. i propose a new green job program, rehab and refurbish dilapidated old homes and that's how air going to get job creation in this country because we have a problem of suburban poverty right now from these derelict homes that are not being taken care of. >> morgan, are we supposed to get dep...