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Resource ID: #24584
Subject: Financial Investigations
Source: CNBC (Fort Lee, N.J.)
Affiliation: 
Date: 2/12/2009

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Description

In this investigation, CNBC takes a look at the beginnings of the "global economic collapse." After 9/11, the U.S. government "dropped interest rates" in an attempt to breathe new life into the economy. The investigation reveals how Wall Street took on unstable mortgages to "re-package it and sell it to investors." This story includes personal accounts from home buyers, mortgage brokers, bankers and more.

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