The second part of the discussion on the U.S. subprime mortgage meltdown by 60 Minutes Correspondent Steve Kroft.

For more on this see:
60 Minutes: House Of Cards - Part I
[CBS 60 Minutes] House Of Cards: The Mortgage Mess
House Of Cards: The Mortgage Mess
60 Minutes: House of Cards

60 Minutes Correspondent Steve Kroft reports on the U.S. subprime mortgage meltdown and how it affects capital markets worldwide.

For more on this see:
[CBS 60 Minutes] House Of Cards: The Mortgage Mess
House Of Cards: The Mortgage Mess
60 Minutes: House of Cards

This week, Forbes Financial Columnist, Ken Fisher, published an article alleging that we’re all being a bit too gloomy about America’s economic prospects for 2008. In this article, titles, We’re Too Gloomy, he reminds us how connected the US economy is with world markets. “Since the foreign economy is twice America’s size, and is strong, America should do well in 2008 — better, at any rate, than people expect,” says Fisher.

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