Detailed text transcripts for TV channel - MSNBC - 20130103:12:34:00
>> before you go, bring us to the consumer. >> sure. >> and how they are impacted by what you found. >> so there are two problems in the crisis of trust. one is that they're a drag on the economy. banks are the transmission mechanism for lending. >> for everything. >> right now in the mortgage market, we actually have price gouging. everything thinks that mortgage rates are really low. but in fact, they're not as low as they should be because they're controlled by a very few number, wells and jpmorgan essentially control the market while citi and bank of america are withdrawing. they're withdr...
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