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Complete video at: fora.tv Joseph Stiglitz criticizes the creation of a “bad bank” to deal with untradeable assets left over from the US financial crisis, and compares the bad bank solution to garbage collection. “You shouldn’t chase good money after bad money,” says Stiglitz. —– The assumption that Europe, Japan and the United States could [...]

Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in San Diego, a failing Los Angeles loan company and a Las Vegas man who [...]

George Will shows off his compassionate conservatism with these remarks on This Week with George Stephanopoulos while talking about the mortgage meltdown: “The Republicans have now put themselves in a bind because people now say look if you have Wall Street socialism, whereby you save Bear Sterns, or at least save JP Morgan to buy [...]

The second wave of mortgage deaults is about to begin in a few months. Everybody should take notice. Debt clock link. www.usdebtclock.org

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Gift Grub Keith Explains The American Mortgage Crisis

From KETC, LIVING ST. LOUIS Producer Ruth Ezell examines the mortgage crisis in Jefferson County, an area which experienced more than 900 foreclosures in 2007 alone. So far in 2008, there have been nearly 600 foreclosures. Jim Yates of Pevely is a single father and one of the county’s homeowners facing foreclosure. Over the years, [...]