This program explains how the U.S. subprime market grew from the post-9/11 rise of easy credit, which was then exploited by predatory lenders; subsequent widespread defaults and foreclosures; the attendant market correction; and the resulting threat of recession. Yale University’s Robert Schiller; BusinessWeek’s Matthew Goldstein; Nouriel Roubini, of the Stern School of Business; JPMorgan’s Bruce Kasman; and Satyajit Das—an expert on hedge funds and credit markets and an adviser to banks around the world—give their views, along with everyday people who, trapped in the mortgage meltdown, have lost their homes. It’s said that when the U.S. sneezes, the rest of the world gets a cold. Will America’s unfolding subprime mortgage crisis prove the truth of that adage? (43 minutes)