MSNBCW The Dylan Ratigan Show January 24, 2012
mispricing and overlaiden debt that is associated with all of it. so many economic minds agree. serious minds from different aisles that the only way to do this is to write down the mortgage debt that homeowners cannot and will never be able to pay. this is something that bank-friendly politicians and the media have been reluctant to even discuss. think of it as the elephant in the room, until now. >> there's so much debt in our society. some of the institutions that hold it aren't willing to write it off and say they made a mista mistake. they loaned too much. we're overextended and...