Subprime; Mortgage Crisis; Economy

As part of an art exhibition about housing, artist Damon Rich used the Panorama of the City of New York- a 9,000 sq. ft. model- to illustrate the foreclosure crisis.

With their share prices dropping and prospects for fresh capitalization remote, there are growing concerns that Fannie Mae and Freddie Mac may be heading for failure, and with it grave repercussions for the entire U.S. economy.