Part 1: Introduction and Overview
Dirk van Dijk explains how the housing bubble caused the current credit crunch.

Part 2: Housing Prices Get Out of Control
Home prices soared to a level never seen before in the U.S.

Part 3: The Supply Response
Eager to cash in, homebuilders increase supply of houses.

Part 4: It's Not Fannies Fault
The creation of mortgage-backed securities changed banking relationships.

Part 5: A History of Interest Rates
Aggressive moves by the Fed resulted in low interest rates and easy credit.

Part 6: No Equity
Even as housing prices rose, Americans saw their share of home equity drop.

Part 7: Deregulation Leads to Decapitation
Deregulation helped to inflate the housing bubble to the bursting point.

Part 8: Goodbye, Bailey Building and Loan
New mortgage products increased buying power, and put the health of the economy at risk.

Part 9: The Foreclosure Flood
As homeowners were unable to keep up with mortgage resets, foreclosures rose, starting a vicious cycle.

Part 10: Bye, Bye Ownership
The after-effect has been the loss of more than $5 trillion in wealth.