Following the Path of the Meltdown

A new documentary tracks the meltdown of Wall Street and its impact on housing throughout the country. The New York Times offers this review.

"'American Casino,' directed by Leslie Cockburn, who wrote and produced the documentary with her husband, the liberal journalist Andrew Cockburn, begins on Wall Street, where various whistle-blower types describe the climate of greed and carelessness that produced the financial meltdown. The documentary dates the origins of the crisis to the insertion of a provision in the 2000 Commodity Futures Modernization Act, introduced by Phil Gramm, the Texas Republican and former senator who was then chairman of the Senate Finance Committee, exempting credit-default swaps from government regulation."

The film tacks the path of the housing market's downfall, travelling from Wall Street to a neighborhood in Baltimore and eventually to the foreclosure capital of California.

Full Story: Meltdown on Wall Street, and Homeowners Left in the Lurch on Main Street

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 7 different cities.
$22.00