Peter Gosselin: Should reckless borrowers get a bailout?

Peter Gosselin, national economics correspondent for the Los Angeles Times, visits Zócalo to discuss the themes in his latest book, High Wire: The Precarious Financial Lives of American Families. For a brief, shining moment in the late 1990s, a broad consensus reigned among Republicans and Democrats, conservatives and liberals, business executives and union leaders. The great mass of Americans had reached a new plateau where we no longer had to rely on labor alone to support our families and ourselves, but had assets as well. With them, we could play right along with the wizards of Wall Street, investing, hedging, diversifying our ways to the good life and maybe something fabulously better.

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