Bill Moyers discusses the "housing market meltdown", the ongoing subprime mortgage and hedge fund crisis, and the "housing bubble" and "homebuying mania" with the New York Times' Pulitzer-prize winning business reporter Gretchen Morgenson. [1of2, transcript at http://www.pbs.org/m oyers/journal/062920 07/transcript5.html]
The NewsHour's extensive coverage of the Bush and Bernanke bailout of the U.S. housing market, along with a discussion with economists Mark Zandi and Diane Swonk and their expectations for an upcoming Fed rate cut. [1of2]
PBS Newshour correspondent Paul Solman discusses the bearish housing market and its implications for the U.S. economy with NYU economics professor Nouriel Roubini, analyst Ed Yardeni, Wellesley College professor Karl Case, and journalist Alyssa Katz.
Bill Moyers discusses the "housing market meltdown", the ongoing subprime mortgage and hedge fund crisis, and the "housing bubble" and "homebuying mania" with the New York Times' Pulitzer-prize winning business reporter Gretchen Morgenson. [2of2, transcript at http://www.pbs.org/m oyers/journal/062920 07/transcript5.html]
Paul Solman provides the best, intuitive explanation of the new mechanics of securitized mortgage debt, and what can go wrong in a down market. Solman also explains the mania that fed the bubble, with a cute montage of the ubiquitous house flipping tv shows and mortgage ads. Who will play Jimmy Stewart's role in a future Capraesque film of this new era? [1of2]
In the face of falling housing starts, falling home prices, falling construction, and a 15-year low in homebuilder confidence, PBS Newshour's Ray Suarez discusses the continuing national housing slump with four experts from Massachusetts, California, Michigan, and Texas. [Part 1 of 2]
Gwen Ifill discusses the worsening housing crisis with Nicholas Retsinas of Harvard University's Joint Center for Housing Studies and chief economist Mark Zandi of Moody's. [1of2]
Alan Greenspan is interviewed by Jim Lehrer on the his role in the housing bubble, the subprime mortgage meltdown, George W. Bush's tax cuts, and the role of the Fed and the Fed Chairman. [Second of a two part interview]
Jeffrey Brown discusses the deepening housing crisis with four regional authorities from Massachusetts, Texas, Michigan, and Southern California [1of2].
U.S. Treasury Secretary Hank Paulson discusses and defends President Bush's plan to temporarily freeze the rates of some adjustable rate mortgages in an attempt to slow the rising tide of foreclosures as the credit and mortgage crisis worsens. [1of3]
The NewsHour's extensive coverage of the Bush and Bernanke bailout of the U.S. housing market, along with a discussion with economists Mark Zandi and Diane Swonk and their expectations for an upcoming Fed rate cut. This second part also contains a conversation with Mark Shields and David Brooks on this subject and its significance. [2of2]
In the face of falling housing starts, falling home prices, falling construction, and a 15-year low in homebuilder confidence, PBS Newshour's Ray Suarez discusses the continuing national housing slump with four experts from Massachusetts, California, Michigan, and Texas. [Part 2 of 2]
