The Housing Crisis Is Eating America's Economy

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Housing foreclosures are still on the rise, often because of cheap mortgages that are now worth more than the properties they were based on. Greedy banks are partly to blame, but so are home-buyers looking for increased values--guaranteed. We talk about consequences for the economy and possible fixes.  Also, after eight days Turkey pulls out of Iraq, and the 73-year-old motorcycle-riding nun who got on a death list in central Brazil.

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Host:
Warren Olney