PBS NewsHour 20070726 Housing Makes Bad DOW Day

The NewsHour's Ray Suarez discusses the problems in the housing, mortgage, and credit markets, and their impact on recent stock valuations. Problems with mainstream mortgages beyond the subprime meltdown are covered. An expectation that U.S. housing will continue to decline until at least 2009 is expressed.

Technorati: bubble credit housing markets mortgage stock