Sunday, September 21, 2008

CNN Classroom Edition: Busted! Mortgage Meltdown. Payment calculator.

Home loans gone unfavourable are wrecking the U.S. economy. CNN teams up with Fortune Magazine's Andy Serwer to probe how the case roar went bust. The fallout begins on Wall Street, where billions of dollars in American mortgages were bought, bundled and sold around the world.



CNN takes the high-stakes mortgage engagement to Delmonico's, a Wall Street asylum since 1837, where the likes of J.P. Morgan and Andrew Carnegie once wheeled and dealed. Host Andy Serwer plays supplier and invites a few experts to lineaments off on the mortgage crisis.






Guest players comprehend New York Times columnist and Princeton economist Paul Krugman, CNN's Personal Finance Editor Gerri Willis, securities guru Janet Tavakoli, investment strategist Peter Dunay and mortgage agent Jon Shibley.

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