Financial Crisis

Katherine Mangu-Ward Discusses Cronyism, Corrupt Congressmen, VIP Loans, and the Housing Crisis

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Reason Managing Editor Katherine Mangu-Ward discusses the controversy surrounding Countrywide making loans to government workers that have lower interest rates than normal loans and how easy it is to influence congressmen on CNBC's Closing Bell.

Airdate: July 6, 2012.

4.39 minutes.