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Bill Moyers Journal | Mortgage Meltdown

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PBS Airtime: Friday, July 18, 2008, at 9:00 p.m. EDT on PBS (check local listings at http://www.pbs.org/moyers/journal/about/airdates.html.

This week, PBS's Bill Moyers Journal travels to ground zero of the mortgage meltdown - Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest-hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the sub-prime mortgage crisis. There, more than 1,000 homes stand vacant and decaying in a neighborhood that once thrived with families living the American dream of home ownership. Moyers gets perspective from veteran journalist William Greider on the current financial crisis and what he calls "the great deflation of Wall Street."

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