Friday, June 20, 2008
video: Inside the credit crisis
Today we're introducing the first in a series of selections from a special report "Inside the Credit Crisis: Why and how it happened— and what's next"; produced by our friends at the Wharton School and writer Jeff Brown. It investigates how the credit crisis was triggered when "Wall Street alchemists, overeager borrowers and aggressive lenders, let their eye for opportunity, trump their nose for risk". As a result, mortgages are harder to get. In the Manhattan real estate market, Wall Street employees are cautiously assessing their future prospects and adopting a wait and see attitude. We'll be posting several videos and transcripts in the coming days, so stop by again soon, or better yet, subscribe to our RSS feed to stay connected with the latest postings on comitini.com. Your comments are always welcome too.
related entries:
video: Todd Sinai on home values
How risky mortgages and exotic securities, brought us to brink of recession, while no one looked too closely
Its a real estate market (includes the Q2 2008 corcoran report download)
Mortgage crisis bailout: relief for some, risk for others