Focusing on the subprime mortgage crisis, this edition of the Journal travels to Cleveland, Ohio—the heart of the nation’s mortgage meltdown. Correspondent Rick Karr examines the state of Slavic Village, where more than 1,000 homes stand vacant and decaying in a neighborhood that once thrived with families living the American dream of home ownership. Then, Bill Moyers gets perspective on the financial crisis and “the great deflation of Wall Street” from William Greider, national affairs correspondent at The Nation. Broadcast date: July 18, 2008. (56 minutes)
|