Focusing on the "the foreclosure capital of the world" (Stockton, CA), 60 Minutes correspondent Steve Kroft took on the story of the subprime mortgage crisis on tonight's episode. Perhaps the most striking quote from Jim Grant 0f Grant's Interest Rate Observer is that total losses could exceed $1 trillion.
Sunday, January 27, 2008
60 Minutes Takes on Subprime Mortgage Meltdown
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