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Mortgage meltdown : primer on America's subprime crisis

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Summary

  • This program explains how the U.S. subprime market grew from the post-9/11 rise of easy credit, which was then exploited by predatory lenders; subsequent widespread defaults and foreclosures; the attendant market correction; and the resulting threat of recession. Yale University's Robert Schiller; BusinessWeek's Matthew Goldstein; Nouriel Roubini, of the Stern School of Business; JPMorgan's Bruce Kasman; and Satyajit Das-an expert on hedge funds and credit markets and an adviser to banks around the world-give their views, along with everyday people who, trapped in the mortgage meltdown, have lost their homes. It's said that when the U.S. sneezes, the rest of the world gets a cold. Will America's unfolding subprime mortgage crisis prove the truth of that adage?

Notes

  • Encoded with permission for digital streaming by Films Media Group on Feb. 27, 2009.
  • Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.
  • Mode of access: Internet.
  • System requirements: FOD playback platform.

Contents

  • Home Foreclosures (3:52) -- Rising Home Prices: Based on Delusion (2:57) -- The Role of 9/11 in Housing Boom and Bust (4:40) -- ARM Loan: Ticking Time Bomb (2:56) -- Foreclosures and Auctions (2:50) -- Global Investors in American Markets (3:09) -- Origins of Financial Crisis: Hedge Funds (3:02) -- Financial Crisis: Diffused Risk (3:25) -- Sub-Prime Loans (3:22) -- Sub-Prime Loans: American Capitalism at its Worst (3:39) -- Sub-Prime Loans: Ruination of Cities and Neighborhoods (3:02) -- America's Spending Spree (2:22) -- Long Term Trends in Housing Prices (2:23)