Financial Crisis Housing Crisis Economic Crisis Bailout potentials from Paulson
February 9, 2010, Posted by admin at 9:31 pm
A look into the economic crisis America is in right now. The financial crisis that is shaking our economy now was a result of the housing economy, but the link is not always a direct jump from A to B. Freddie Mac/Fannie mae, rate cuts, subprime, risky lending, etc are discussed. Remember the blame should go on everyone not just Bush.
i see a second wave of loss of homes before rock bottom. once all short sale are done what will the other home owner do?? if you bought a house for 250K but the house next door sold for 100K in short sale what will you do?? will you pay your 250K loan or forclose also?? i see second wave.
i need someone smart to keep me entertained
comment me back 3F
/watch?v=1RZVw3no2A4
Very good ! Most of what you said is correct.
Our only disagreement is the greed factor.
Contrary to the movie “Wall Street”,where Gordon Gekko states that “Greed is Good”,I believe incentive is good,rewards are good. However taking more than your fair share is not good.
Greed is not what makes one seek employment,or start a business,or be creative.
Greed does not drive capitalism! Maslow’s hierarchy of needs drives capitalism.
Greed is “trickle down” philosophy,not good!
uhm…your loss. not sure what your problem is, but it doesn’t matter.
its true, greed drives capitalism, all christians understand that
I stopped listening when you said that greed drives capitalism.
Why do you insist on calling facts divisive politics? Did you even understand what the video was about? What deregulation are you even talking about?
You accuse me of being divisive yet you call McCain/Palin criminals for no good reason.
You blame the Iraq war on bursting the housing bubble, which yo uthink could have continued? You have NO concept of how anything works and I suggest you do some research because you are horribly misguided.
Nice try at divisive politics…So a few Dems backed up Republican ideology of less regulation…This doesnt mean we should go with the criminal Mccain or Palin the heart Palin..
Lets be factual…It is the War at 10 billion a month (real costs) that has destroyed this big bubble illusipon that has gone on far too long and could have continued wwere it not for the criminals..
On this same day the bailout was being questioned they passed a trillion dollar defense bill!!
It doesn’t matter whether it was republicans or democrats. Who is to blame? Stupid Americans who were irresponsible with their money and credit, and thought they deserved a home. Blame the greedy mortgage brokers and stupid people who bought the lies, and bought the hype by the media and real estate industry. EVERYONE was saying “You have to buy real estate. It’s such a great investment”
Do not rely on the government to protect you. Protect yourself. Educate yourself. Stop crying.
I am curious…what do you folks in Iceland think about the presidental candidates.
With no law that states you have to pay TAX, you Americans must be very generous to offer them anyway. I’m thinking about CFR, he must be pretty well off now dat rockefeller
Thank you! I was going for that emotional hook.
Spectacular finish, my good sir. *tear*
I bet tahts why FBI is now involved. Mind you these same families (especially locally) are on our news channel.
This one woman bought a 550k house in Dorchester, MA and she was making 32k a year! Phenomenal.
Good points. I’d like to add that when I hear about people with $500K mortgages who make $50K per year, I smell a rat. Debt to income ratio alone would disqualify a person for this much money unless they lied about or forged their income statements. I would be interested in finding out how many of these bad loans were a result of consumer fraud.
interesting video, thanks for posting.