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Mortgage Woes Creating Ripple Effect

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Mortgage Woes Creating Ripple Effect

Economy

Mortgage Woes Creating Ripple Effect

Mortgage Woes Creating Ripple Effect

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  • <iframe src="https://www.npr.org/player/embed/13751595/13751589" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Thousands of Americans who bought homes with subprime loans are defaulting, and it's shaking up the global economy. Farai Chideya talks with economist Julianne Malveaux about the country's troubles with mortgage loans and the announcement from the humanitarian aid group, CARE, that it will no longer accept food aid from the U.S. government.

Malveaux is president of Bennett College.