| Description |
1 videodisc (DVD) (50 min.) : sd., col. ; 4 3/4 in |
| Series |
Four corners |
|
Four corners (Television program)
|
| Summary |
"Reporter Paul Barry explains how the subprime market was created through a unique set of circumstances beginning with the fallout from September 11. The program charts the rise of easy credit to the point where mortgage brokers were running out of customers. Enter the subprime loan, the loan you could get when, as one real estate agent tells Four Corners, the only criterion was to see if the client was breathing. The program reveals how predatory lenders were unregulated and often unscrupulous, targeting people they knew couldn?t pay. The broker would make the loan, take a fat commission, and pass on the responsibility as quickly as possible. One lawyer tells the program: "It?s American capitalism at its worst." -- website |
| Notes |
Off-air recording of ABC-TV broadcast September 17, 2007, October 13, 2008. Copied under Part VA of the Copyright Act |
|
Off-air recording of 2008 includes minor update of figures from 2007 recording |
| Credits |
Producer: Lin Buckfield; editor: Jessica Miller; Executive producer: Michael Doyle |
| Performer |
Reporter: Paul Barry |
| Notes |
DVD |
|
No rating given |
|
Available for Deakin University staff and students only |
| Subject |
Mortgage loans -- United States
|
|
Credit -- United States
|
|
Mortgage brokers -- United States
|
|
Capitalism -- United States
|
| Author |
Barry, Paul
|
|
Buckfield, Lin
|
|
Doyle, Michael
|
|
ABC-TV (Australia)
|
|
