What the meltdown looks like

What the meltdown looks like, a report on the foreclosure crisis by a Southern California TV station.

Wow. I thought I knew what was going on, but this really made it a lot more understandable. Terrifying.

The piece opens saying Californians are used to seeing homes destroyed by natural disaster, but this is a financial disaster... I thought to myself, that sounds a bit "over the top". Then I watched their report. They weren't kidding.

Written on October 2, 2008