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vman9211 (November 30, 1999 at 12:00 am)
Download free Technical analysis book ! ebookwormspot @blogspot @ com !!
arnoldyyuu (November 30, 1999 at 12:00 am)
you should also note that even borrowers with good credit were taking subprime mortgages mainly due to unethical brokers coercing the uneducated
cameron6136 (November 30, 1999 at 12:00 am)
Bush et al should have, would have, burst this bubble by raising interest rates. However, they had two wars to pay off and an upcoming election. They held on as long as they could but our financial system collapsed in the 4th quarter of 2008. Proving two things, Bush and the republicans destroyed our markets and socialism bailed them out.
acrowBruto (November 30, 1999 at 12:00 am)
visit imsuccsyst . blogspot . com or watch my videos and know how to be a successful manager
Ebiczebulanious (November 30, 1999 at 12:00 am)
I agree! It was deadbeats that did not pay there debts that caused the problem. Also congress (Pressured by ACORN) and their CRA crap that pressured the banks to lend to these deadbeat scumbags.
CaptainMacNasty (November 30, 1999 at 12:00 am)
What about the lenders who used preferred and fraudulent appraisers, in order to inflate the value of the home and reduce the LTV? What about lenders who would lie to ignorant borrowers, and create loan docs that borrowers could never understand and that exaggerated their income and assets? Folks like to blame the borrowers, but the lenders had no risk to lend, since the bad loans were sold off within a month.
theheartramone (November 30, 1999 at 12:00 am)
you rock. thank you
gardistHR (November 30, 1999 at 12:00 am)
This is good explnation but suprisingly even he doesnt know that bank DOESNT lend money from deposit :) Money lend you and charge intrest on money that NEVER existed! Its pure virtual money based on earlier credit line. There is no better way to learn about it then from "Money as debt" which you can find on Youtube. After that you will KNOW what they did to you, no metter did you take a loan or didnt.
whutbug (November 30, 1999 at 12:00 am)
Thank you so much for this video. One thing I don't understand is "refinance using the equity that would have built up in their home from the increased value." What is refinancing and what is equity? Sorry for coming off dumb, but I've never owned a home so I'm not familiar with these terms!
blakeradil (November 30, 1999 at 12:00 am)
so you want to punch the person behind the desk that is doing their job by the rules they are given. how about the dumbass that got into the mortgage knowing he/she couldnt really afford it...kinda like buying that fancy car with the $600 a month payment...you know u shouldnt do it but you just gotta have it after that testdrive. |
