Which Way, L.A.?
Three Years Later, the Housing Crisis Continues
Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices.
Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices. In several states, attorneys general say they're trying to rebuild public confidence in the home loan industry by going after banks and lenders for fraud. Could criminal convictions restore public confidence or is it already too late?
The full episode
4 of 4- 0:00City Housing Commissioner Faces Scrutiny for Alleged Conflicts
- 7:17Los Angeles: The City of Fees
- 19:04Defense Department Eyes SoCal for Big Bomber Contract
- 25:35Three Years Later, the Housing Crisis ContinuesYou’re reading this