News and Reviews
NewsHour: Making Sense of the Foreclosure Crisis
Here’s last night’s NewsHour segment featuring Queens homeowners saddled with outrageous mortgages, with me explaining the history of government promotion of homeownership and (in the words of reporter Paul Solman) “good intentions run amok.”
How the homes we live in turned into the monsters that ate our economy and the United States became a nation obsessed with real estate.