Detailed text transcripts for TV channel - MSNBC - 20111210:12:33:00
>> so we have these massive groups of latinos that had worked hard to buy that first home and then, suddenly, they are found being foreclosed on. this is a movement. it is starting here in new york and i think we are going to quickly see it transfer over to the west. >> at the end of the day, we talked about the euro crisis last week and we talk about this a lot. at the end of the day, a certain zero sum nature to this. there are losses that came out of a financial cries ss. 8 trillion dollars of housing wealth that went up in snoemoke. the question is, who takes those losses? that's a politic...