News & Public Affairs

A financial insider's view of the mortgage crisis

Tags: mortgage crisis, foreclosure, ARM's, bailouts

Good afternoon. I'm Rob Lorei. On the first part of Radioactivity we'll hear from the author of a new book called The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream by Adam Michaelson. It's an insider account about the mortgage crisis.

Michaelson, a former senior vice president at Countrywide Home Loans, offers a glimpse inside the real estate bubble, answering the question everybody ha...