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NOW travels to North Minneapolis to investigate the mortgage meltdown that's left the city scarred with boarded-up and abandoned houses. What's happened in communities like this one has investors everywhere shaken. Wall Street firms are stumbling and markets around the globe are reeling. Economists worry the mortgage bust may even lead to a recession. By one estimate, investors could eventually see as much as 400 billion dollars go down the drain--losses almost twice as big as the savings and loan crisis of the early 1990s. NOW connects the dots to reveal the extent to which recklessness, corruption and greed created the subprime mess that now threatens to undermine our entire economy. David Brancaccio talks to Rep. Keith Ellison, who grew up in North Minneapolis and who has pushed legislation to address the crisis. He also talks to Ameriquest whistleblower Mark Bomchill, who explains the competitive "boiler room" culture that encouraged brokers to aggressively push mortgage products they knew clients would b

Posted: 1/25/2008 Length: 27:00 Price: $1.99 Video Type: Full Length