Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.

Duration : 0:12:30

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Technorati Tags: 60, CRISIS, Defaults, economy, financial, Homes, Houses, housing, minutes, mortgage, Peley, recession, scott, U.S.

Note: the mortgage lender I spoke with is not necessarily the largest single recipient of federal bailout money, just one of the largest. Also check me out on
http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

Duration : 0:8:24

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