Nomi Prins On Mortgage Meltdown

| audio

CounterSpin

Turmoil in the housing market has been pinned on Wall Street's appetite for so-called subprime mortgages. With house prices declining and foreclosures heading the other direction, the media are now sifting through the debris to tell us what happened. But what should we have known all along? And who exactly is being rescued now? Senior Fellow Nomi Prins explains.