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Safe as Houses (5/6)

This is also part of this series: Ascent of Money, The (6)

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Subjects: Anthropology, Business Studies, Economics, Finance, History, International Relations, International Trade

Grade Level: SrH-Adult
Producer: BBC
Closed Captioned: No

Running Time: 50 mins
Country of Origin: Great Britain
Study Guide: No

Copyright Date: 2008
Available in French: No

It sounded so simple: give State-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets cannot function without mortgages, because it is only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?

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