S12 Ep14: Bill Moyers Journal: Mortgage Meltdown
Video duration: 52:01
THE JOURNAL travels to ground zero of the mortgage meltdown ? Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis. Veteran journalist William Greider on the current financial crisis and what he calls "the great deflation of Wall Street."