A new documentary tracks the meltdown of Wall Street and its impact on housing throughout the country. The New York Times offers this review.
"'American Casino,' directed by Leslie Cockburn, who wrote and produced the documentary with her husband, the liberal journalist Andrew Cockburn, begins on Wall Street, where various whistle-blower types describe the climate of greed and carelessness that produced the financial meltdown. The documentary dates the origins of the crisis to the insertion of a provision in the 2000 Commodity Futures Modernization Act, introduced by Phil Gramm, the Texas Republican and former senator who was then chairman of the Senate Finance Committee, exempting credit-default swaps from government regulation."
The film tacks the path of the housing market's downfall, travelling from Wall Street to a neighborhood in Baltimore and eventually to the foreclosure capital of California.
FULL STORY: Meltdown on Wall Street, and Homeowners Left in the Lurch on Main Street
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
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Rising interest rates are having a major effect in the housing market—including on the large institutional investors who spent much of the past couple of years buying up single-family homes.
Local, State Governments Creating Obstacles for Institutional Investors on the Housing Market
Large Wall Street investors are increasing their footprint in the housing market, like they did after the Great Recession, and some local and state governments are inventing new ways to prevent these institutional investors from cornering the market.
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The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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