Film Suprime 2.0: Doubling Down on Disaster

subprime 3.0 poster

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The central role housing policy played in causing the financial crisis has been gaining greater and greater acceptance, but much more remains to be done as new efforts are underway to double down on disaster.

Earlier this year, my colleague Peter Wallison came out with his new book Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again (full disclosure: Peter’s book is based in large measure on my research).

Now, journalist and author Paul Sperry and Compass Films of New York Director Cornelia Mrose are making Subprime 2.0, a film that will document the true causes of the financial crisis and warn that the culprits are using a false narrative to justify policies that are leading America into the next and even greater crisis (full disclosure: Subprime 2.0 will also utilize my research).

As unbelievable as it sounds given the recency and severity of the last policy disaster, a new war for market share has begun between FHA and Fannie and Freddie as both HUD and the Federal Housing Finance Agency recently announced steps to lower lenders standards in an effort to get mortgages into the hands of people who may not be able to afford them.  The means are unchanged—higher debt loads on homes, higher debt loads on family budgets, and higher debt loads on credit-challenged borrowers.

  • The Subprime 2.0  team is committed to telling this story.
  • The Subprime 2.0  team has launched a crowd-funding campaign on Indiegogo.com (link: Subprime 2.0).
  • But Subprime 2.0 needs your help to become a reality.
  • The Subprime 2.0  team needs to raise $150,000 from those who understand that this story must get wider dissemination.
  • The Subprime 2.0  team is making the film to reach all Americans, including those who have no clue what caused the financial crisis.

Thanking you in advance for your generous support, which may be given both on an acknowledged and anonymous basis.