Topic: Foreclosure Crisis

CNBC's Aaron Burnett and analysts from Deutsche Bank discuss a proposal to tear down abandoned or foreclosed homes to reduce excess supply. Burnett suggests that even newly built homes should be demolished because their "fixtures and Wi-Fi" will not be "stylish" by the time the market recovers. The hosts react with disbelief to the idea of destroying functional housing based on aesthetic trends and "Keynesian" ditch-digging logic.

The allocation of a trillion dollars to financial bailouts and AIG is contrasted with the lack of funding for universal healthcare. Reports from the Associated Press describe the rise of "tent cities" in Reno, Nevada, and other urban areas due to the foreclosure crisis. Homeless advocacy groups report a 61% increase in homelessness since the economic downturn began.