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Exhibition at MIT Museum Explores Relationship of Finance and ArchitectureThe Center for Advanced Visual Studies and the MIT Museum announced Red Lines, Death Vows, Foreclosures, Risk Structures: Architectures of finance from the Great Depression to the Subprime Meltdown, an exhibition by designer Damon Rich and the Center for Urban Pedagogy (CUP) that will open September 9 at 5:30 PM and run through December 21.
An installation of models, photographs, videos, and drawings, Red Lines immerses visitors in a landscape of pulsing capital and liquidated buildings, exploring the relation between finance and architecture.
During a year-long residence at MIT's Center for Advanced Visual Studies, Rich surveyed the darkening realm of real estate markets: foreclosures, pro-formas, chains of title, block busting, exploding ARMs, and the obscure history of the mortgage, Old French for "death vow."
Working with MIT students and volunteers, he traveled to Washington, DC to visit and interview representatives of the Mortgage Bankers Association and the Comptroller of the Currency.
In Chicago, Rich and Meg Rotzel of CAVS created a video with the National Training and Information Center about the anti-redlining movement of the 1970s and the democratic reforms it brought to banking.
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August 16, 2008 | Viewed 17,850 time(s)
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