Wednesday, November 28, 2007


It seems the word "foreclosure" has been popping up more and more these days - due in large part to the predictable (if only in hindsight) collapse of the sub-prime mortgage market, a dangerous lending practice recently uncovered as an institution-wide money-making scheme gone south.

If you are unfamiliar with exactly how a handful of financial giants ruined the dream of home ownership for millions of hard-working, low-to-middle-income Americans, I recommend you watch this clip. The participants break down the sub-prime mortgage scandal in such a way as to make it both accessible and entertaining.

Thanks to JB for sharing...

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