Now - Mortgage meltdown
PBS’s Now is a great show. If you haven’t seen it, take some time and sit down and be educated. Last week they tackled the subprime mortgage crisis. I really didn’t understand what a subprime mortgage was until I read this article in The Nation. Again, we see the problem of a lack of government oversight. It is not enough for a business to go belly up. Capitalists state that is the consequence of bad loans. But they never tell you that the guys who were at the top, aren’t going to jail. Their houses aren’t being foreclosed. They have a golden parachute and they are in the South Pacific somewhere sippin’ some froo-froo drink with an umbrella in it. Government is suppose to protect its citizens against out and out fraud like this.
Please if you have an opportunity you should go to PBS’s web site and enjoy Now.
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