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Resource ID: #24452
Subject: Economics
Source: NBC News Dateline
Date: 03/22/2009; 03/27/2009; 04/05/2009



In this series, it describes the underlying causes of the economic crisis. At the center of the problem were "stated-income loans, mortgages where the lenders never bothered to verify borrowers' incomes". Another cause to the crisis is the country's extraordinary amount of consumer debt. Also, now that we are in tough economic times scams are put together to target those in financial trouble and scamming them out of more money.

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