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Real Estate: Subprime Meltdown - CAP's Jakabovics on CNN

www.AMERICANPROGRESS.org Andrew Jakabovics of the Center for American Progress tells CNN's Lou Dobbs Tonight that according to a recent CAP study, 38% of new home loans are underwater -- in other words, the mortgages are worth more than the houses. Dobbs' commentary after the report skewers the Bush administration's response to the housing crisis. http://www.americanprogress.org/issues/2007/11/abusive_lending.html
Length: 04:45

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