Mienfoking Films

Mienfoking Films
Reality Check ?

Monday, December 10, 2007

LOU DOBBS - FORCLOSURES & HOUSING CRISIS


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.

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