NEWSHOUR w/ JIM LEHRER | Solman’s Domino Effect Pt.1 | PBS

http://www.pbs.org/newshour/bb/business/jan-june08/domino_03-21.html After the U.S. business world had been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollar - Paul Solman explained the factors that led to the downturn. Ask Paul questions about the continued collapse of the financial markets through the NewsHour's Business Desk at: http://www.pbs.org/newshour/businessdesk/

Category:

News & Politics

Tags:

• bailout
• credit
• crisis
• crunch
• economy
• federal
• finance
• jim
• lehrer
• market
• meltdown
• newshour
• paul
• reserve
• solman
• street
• wall

[guitarplayer4real]

True.. Although, I have been in a different boat and never prospected on the future. I didnt take any loans, paid rent, paid cash if I needed it and I am in a decent financial position even today because of it. My friends who have lived beyond their means and are way over extended are now Bush bashers and want Baracks socialistic plan. I say, why should I and my business have to suffer because you people have lived beyond your means, its not my fault but I have to pay now. REDICULOUS!

[GrimJerr]

Thanks for the tip !!!

[WholeDarnShow]

He includes that in "Paul Solman's Subprime Primer", Part 2 if I remember right.

[GrimJerr]

This says nothing about the people who were sold into predatory loans of high interest.

sold to many low income consumers who would have qualified for a lower interest more traditional loans.

these are families not jingle investors

these are the real people hurting from the greed initiated on wall street to taker advantage of working Americans

who saw an opportunity to be a home owner

like they have been taught to be

[debswildhoney]

I am trying to educate myself, how is this production a lie?

[marinara11]

its a fact that the housing crisis was not caused by jinglemail and this production is a lie.