An excellent piece showed up on 60 Minutes tonight — one I wish all my readers, family members, and friends and coworkers would watch. You can find it here:

60 Minutes: Wall Street's Shadow Market

Set aside about twelve minutes for this one. And get ready: Folks still talk lots about "subprime," and rightfully so. But "credit default swaps" are the real elephant in the room...

Labels: Homeownership, Mortgages, TV