Video Lunch: The Life of a Bad Loan

From the Huffington Post Investigative Fund:

Eliseo Guardado came legally to the United States in search of his own American Dream. But after he bought his home in a Maryland suburb in 2006, his dream quickly became a nightmare. Long Beach Mortgage, a subsidiary of Washington Mutual, put him in a loan that he could not afford. The story of this one bad loan helps tell a bigger tale- how fraud in the loan process was at the center of the largest bank failure in American history.