Wake-Up Call: Subprime Nation

On the April 5 edition of the Sunday Morning Wake-Up Call, Rick talks with Herman Schwartz, UVa professor of international relations and author of “Subprime Nation: American Power, Global Capital and the Housing Bubble.” In a wide-ranging discussion covering global lending practices, Prof. Schwartz explains how the entire financial crisis is actually the fault of a single homeowner in Modesto, California.

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