Oct 25 2007

KPFK Fund Drive – Day 17

Feature Stories | Published 25 Oct 2007, 9:31 am | Comments Off on KPFK Fund Drive – Day 17 -

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Support KPFK – Make a pledge at 818-985-5735, or online at www.kpfk.org.
The Money We Owe, And The Bill That’s Coming Due

As the mortgage crisis continues, estimates place the dollar amount of reset mortgages loans to be at 300 billion dollars. It is further estimated that a quarter of all sub-prime loans will be defualted on. Some analysts say that the quickest way to provide relief to the millions of homeowners effected by the housing crisis is by changing the ruled of forclosures. In the end, the burst of the U.S. housing bubble could lead to an economic recession. In this hour, we bring to you, “In Debt We Trust,” a new documentary by Danny Schechter “The News Dissector.” The film takes a timely look at America – before the bubble bursts. As the nation finds itself in the worst housing crisis since the Great Depression, and for the first time has a “negative savings rate,” “In Debt We Trust,” looks at college credit, predatory loans, and bankruptcies. Schechter’s film not only lays out the debt problems facing millions of Americans, but also discusses how people can fight back as well.

Thank you Gifts:

In Debt We Trust – DVD – $100
Uprising Dollar-a-Day Pack – 3 DVDs + 1 Book – $365

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