Monday, August 3, 2009

The Daily Show Looks at the Treasury Secretary's Unsold House

Higher-priced homes are having trouble getting themselves sold in this area. But it's a nationwide phenomenon. FDIC head Sheila Bair can't sell her house, nor can Treasury Secretary Timothy Geithner; both are now "accidental landlords."

John Oliver takes a look at Tim Geithner's house, and interviews economist Robert Shiller, of Case Shiller Index Fame, on the issue. Funny, unfortunate, and enlightening simultaneously.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
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Related:
Slide Show - High End Hits Hard Times - WSJ
To access the related WSJ article, which is subscriber content, go to Google.com and enter "High End Homes Frozen Out of Budding Housing Rebound - WSJ"

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