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Sub-Prime Mortgage Stupidity and the Current Housing Problem

A friend of mine - Chris Griffith from Life in Bonita Springs - pointed this video out to me late yesterday. It's a piece from 60 Minutes that goes into detail about the recent housing crisis and the titanic stupidity of the sub-prime mortgage situation that caused it all.

It really is an eye-opener.

As a country, if we didn't learn our lesson from this recent love affair with greed, I can't imagine what will happen the next time.


Watch CBS Videos Online



http://www.palmbeachrealestateandloans.com/004518
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Posted on October 09, 2008 10:30:04 by marcblasi - View Profile
Posted in Palm Beach, Mortgages

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