(August 23, 2007) The collapse of the subprime mortgage market in the United States has led to stock market drops across the world. See the effect those investments have had on the European and Asian markets, reminding us of how connected we are in the global economy. But not just Wall Street is feeling the squeeze; Main Street America is feeling the credit crunch as millions of Americans lose their homes or are unable to find loans even with excellent credit.

Sources: CNBC, FOX, ABC and NBC News, U.S; BBC, U.K.: KBS, Korea; Al Jazeera English, Qatar.

(August 23, 2007) The collapse of the subprime mortgage market in the United States has led to stock market drops across the world. See the effect those investments have had on the European and Asian markets, reminding us of how connected we are in the global economy. But not just Wall Street is feeling the squeeze; Main Street America is feeling the credit crunch as millions of Americans lose their homes or are unable to find loans even with excellent credit.

Sources: CNBC, FOX, ABC and NBC News, U.S; BBC, U.K.: KBS, Korea; Al Jazeera English, Qatar.