America's new subprime shanty-towns

In this chilling BBC clip, a newsteam ventures to one of LA's new shantytowns made up of people who've lost their homes in the subprime meltdown and now live in tents, improvised shacks or RVs on abandoned land. It's the contemporary Hooverville, and, as the Subliterate Cinephile notes, I wonder why I found out about this from the BBC and not US media. Link (via The Subliterate Cinephile