4/04/2007

Subprime Loans, CC Debt

Subprime Lending Crisis: Millions of Families Face Losing Their Homes toForeclosure *Subprime loans have led to one million American families losing their homes in the past decade, a new study by the Center for Responsible Lending has found. In the last ten years, the subprime loan industry has emerged as a major, and controversial, player in the housing market. We speak with an attorney at the Center for Responsible Lending.

http://www.democracynow.org/article.pl?sid=07/04/04/1343214

* In Debt We Trust: America Before the Bubble Burst *
We take a look at a new documentary by veteran journalist and mediacritic
Danny Schechter called "In Debt We Trust: America Before the Bubble Burst."
The film shows how "the mall replaced the factory as America's dominant
economic engine and how big banks and credit card companies buy our Congress
and drive us into what a former major bank economist calls modern serfdom."

http://www.democracynow.org/article.pl?sid=07/04/04/1343218

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