Detailed text transcripts for TV channel - MSNBC - 20120201:16:08:00
People who they knew couldn't afford the mortgages and buyers who bought homes they knew they couldn't afford, and banks that packaged those mortgages up and traded them to reap phantom profits, knowing that they were building a house of cards. it was wrong. it was wrong. it triggered the worst economic crisis of our lifetimes. and it has been the single biggest drag on our recovery from a terrible recession. crushing debt has kept millions of consumers from spending. a lack of building demand has kept hundreds of thousands of construction workers idle. everybody involved in the home building ...