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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