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Program Information
WBAI Sunday News
News Report
PROF. BRUCE ROBBINS, PROF. RICHARD DIENST, PROF. RANDY MARTIN
 Fred Nguyen  Contact Contributor
May 29, 2011, 9:12 a.m.
ALSO: FULL VIDEO OF PROGRAM AT:
http://politube.org/show/3226
PROPOSED LEDE:
THE 2008 CRASH OF THE FINANCIAL MARKETS IS NOW GENERALLY BELIEVED TO HAVE BEEN CAUSED BY THE WIDESPREAD USE OF SUBPRIME HOME MORTGAGE LOANS IN THE UNITED STATES, AND THE COLLAPSE OF THE STOCK DERIVATIVES BASED ON THESE MORTGAGES FOLLOWING THE 2006 HOUSING BUBBLE.
THREE YEARS LATER, A GLOBAL ECONOMIC CRISIS THREATENS TO BANKRUPT SEVERAL COUNTRIES IN EUROPE AND THE U.S. NATIONAL DEBT WILL SOON REACH 15 TRILLION DOLLARS, TWO AND A HALF TIMES WHAT IT WAS TEN YEARS AGO.
ON THURSDAY, THREE UNIVERSITY PROFESSORS CAME TOGETHER AT THE BRECHT FORUM TO DISCUSS "THE POLITICS OF INDEBTEDNESS". WBAI FRED NGUYEN WAS THERE AND HE FILED THIS REPORT:

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00:03:10 1 May 25, 2011
BRECHT FORUM, NYC
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