Ghost Town USA

29 May

Uploaded on Aug 16, 2011

Clusters of vacant dwellings across America reveal the reasons why the banking system exploded in the sub-prime mortgage crisis. Fred Harrison exposes the financial logic that drove the boom/bust, and identifies the tax reform that would stave off the next cyclical economic crisis.

2 Responses to “Ghost Town USA”

  1. Three Well Beings May 29, 2015 at 3:24 pm #

    Fortunately the city of Riverside has made a good rebound from where it was at the height of the crash. It’s a lot more difficult for people to obtain a mortgage loan, and some of the banking reforms are functioning as a balance against the abuses prior to 2007. Too little too late for a lot of families, however. I know several people who lost their homes. It’s been a mess…no doubt about that! Interesting video, Uta!

  2. stuartbramhall May 30, 2015 at 11:22 am #

    I’m a big fan of Fred Harrison’s work, especially his book The Traumatized Society:

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