Subprime Mortgage Crisis Across Generational Fault Lines

One story idea our group had for how to approach the subprime mortgage crisis from a generational standpoint was to look at the crisis on a macroeconomic level. Is this financial crisis comparable to the Depression? What do people who lived through the Depression, who typically have conservative financial views because of that, think of the current economic situation? How do the children of that generation, who are now homeowners, view the crisis and how do they view personal finance and savings? What do macro-economics think?