Posts Tagged ‘Video’
Housing Boom was a House of Cards
2009/02/14 | Author brianh
This story was originally broadcast on Jan. 27, 2008. It was updated on May 23, 2008. Americans have seen their investments shrink and their property values plummet. At the heart of the problem is something called the subprime mortgage crisis, which began back then and continues to ricochet through the economy.
Though a little on the slow side it is a fascinating insight into the some of the causes behing the mortgage crises and how we got to where we are today. View Video
The Mortgage Meltdown
2008/12/12 | Author roberts
Scott Pelley reports on the mortgage crisis that's far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.
To most consumers, the crisis is all about the "sub-prime" market. But if you think that's where the biggest threat to our economy exists you are in for a rude surprise.
