BREAKING NEWS -. BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing bankruptcy and insolvency. [ Global News Network ]
Most of the people that had no business living in a 300,000 + dollar home to begin with have been thrown into the streets where they belong. Now we have to kick out all the SUCKERS who lost their jobs and are behind in their mortgage payments so the housing market can truly find a bottom and people like ME can buy a home at an affordable price.
@dochokeana How is my comment a "me-first" attitude? If you can't pay your bills you lose your house so someone who can afford the bill payments CAN move in...What type of utopian fantasy world do you live in to throw such a response my way...
@mookixox I live in reality for now. However your "kick out all the SUCKERS who lost their jobs" does smack of egotism. Most people lose jobs and savings (that would have allowed them to keep a house) due to circumstances out of their control (medical emergency, downsizing, outsourcing) but I guess in your world that is not accounted for. How would you feel if someone threw you out of the job and then kicked you out on the street so "someone else could afford the place"?
@dochokeana I have alot of sympathy for people stricken with medical conditions. That STILL doesn't change the fact that if you can't pay your bills anymore, you lose your house. That's how an economy works. So what if I have a bit of ego? Should I not take pride in living within my means and not buying a giant over priced house? I rent until I can afford a home, and not be a sucker on a 25 year + mortgage. Now I want the suckers to be evicted so the prices come down!
Americans cannot get so mad at the government when they were living beyond their means and adopting high mortgages.. its really sad. We were all raised in a debt society.
Another funny thing about the fools who bought those homes is that, those monstrocities that look like mansions and sold for .5 to 1 million dollars were only built to last for 15 to 20 years. They are not even an investment to pass on to their kids. They will fall apart before the mortgages are ever paid off. They're big beautiful origami mansions that will blow over in a strong wind.
These people are full of shit. They knew they couldn't afford it when they bought. They said "we'll deal with it when it comes" and just jumped in so they could be king for a day.
They got to live in mansions for five or ten years. The party's over and now they pretend they were victimized.
In the mean time they drove up prices of housing for honest people who were saving real hard earned money for modest homes.
They kept me out of the market by inflating housing prices.
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Five to ten years ago there was this "buy a house" kick. Speculators said you were stupid for renting and throwing money away. Now half those who bought into it are in foreclosure. Home ownership is only a good idea if you can afford it and if your income is stable. You lose your income or rates adjust and your "investment" may have depreciated, you can't sell in a crap market, and you wind up throwing good money after bad trying to save your home and credit. No thanks!
This happened in Japan too. They were pushing $200.000-250.000 mortgages even to foreign temporary workers with absolutely no conditions to pay for it. And tons of "dumb people" were lured. So the question is, how to prevent this from happening again? I'm sure just saying "hey people, don't be dumb and educate yourselves" it's not the solution.
@CUMBICA1970 May be enforcing laws against such speculations can help. Basically the real estate agent can't sell and the person cannot take out the mortgage until the credit history is checked, the person has large savings and basically the person CAN afford it. If they try without proper checking they're fined, jailed etc...
oh yeah news flash: I work in construction too. I didnt buy a 360,000 house with 0% down. Right now I am unemployed debt free with piles of money saved in the bank, paying $600 a month all inclusive rent. kicking up my feet and coasting through life.
stupid americans they complain when they have wages from 30-50 000 a year gas half priced ,let them live in eastern europe with 10 000-15 000 a year and double gas prices ,if you work like 7-10 years in a row in america and you have nothing of worth aside so you can live 2 years without a job just with unemployment it means your stupid ,you have a house and 3 cars on credit your stupid my sympathy to the emmigrants that didn't found the promise land the rest of americans STUPID as shit .
@bluballzzz Uhhh... when white people suffer you will suffer too. Don't know much about economics do you? With that attitude you're going to have "bluballzzz" for a LONG time.
Low interest rate (around 5%) caused the creation of the bubble.
But what about now ?Currently the interest rates are between 0-0,25..........what will happen the Fed will decide to raise them,which new bubble in which secor of the economy we will discover?
@reenlist82 Does anyone really deserve to be lied to..sure some made some real dumbass decisions...there is no debating that...it's a fact. But most we're just dreaming the American dream..that's there only crime.
This is absolutely disgraceful, the predatory lending. I think its horrible business practice to set people up to fail, especially this family who clearly where hard working. They thought they could afford it.
Over half of these houses are 2 to 4 thousand square feet. Why do folks have to have such big houses here. Why not get what we need instead of what we want. I sold my big house in 04 and bought a little house in another state for 42k cash. I don't make big bucks anymore but I'm at peace...with deed in hand. Older houses, older cars, peace of mind. Living on less by choice. There's the inconvenient truth.
People bought these houses with the mentality that the housing market would go up and they would be able to take advantage of leverage on thier cash. Get the house for $250,000 on a loan with nothing or very little down and sell it 5 years later for $500,000, gain of roughly $250,000. Doesnt take a genius to see what people were thinking and the banks were more then willing to give the margin to gamble with.
Just WTF were those Wetbacks doing living in a NICE ASS house like THAT one anyhow?!
All those foreclosures are truly sad, but I guess the lesson here is NEVER GET A LOAN WITH A VARIABLE RATE! The gamble isnt worth it! Variable rates should be ILLEGAL now!
@recyclecongress ; they had 100% financing..meaning zero money down. Don't feel sorry a bit for them cuz they loose nothing. Plus they get to live free for 9 months during the foreclosure proceedings without making any payments. John Smith the neighbor on the other hand, paid his house in cash...now its worth less than half what he paid. That is sad. Thanks to scums like these who cries, " I'm the victim". No one pull a gun to their head and tell them to buy the house in the first place!
I'm not an American, I'm a Kiwi (New Zealander) :-) Although our govt was also badly hit by the Financial Crisis, we have a deficit of about 5.5 billion dollars that will take us about 7 to 8 years to pay back. It's the whole Western world, minus Australia (who are doing incredibly well because they are rich in natural resources).
americans must read the signs, after a big bank loaning offer, theres always a crash, (people behind that make money this way) read the international signs, if you see a country being attacked on media, soon their will be a war or a big spend on that country, and depression will follow, banks will rise % and will repossess the rich will buy cheap then, for your hard slave work like always, remenber jews are running this show, just read their signs they never get hurt, they are rulling this show
The american retarded fat pigs dont understand that they are the attackers/invadors in Iraq. They spend money like crazy on wars , yet they are homeless. Go figure. FUCK USA!
You guys are stupid and don't know about the New World Order agenda of the Bilderberger group. America is merely the police force of the united nations. They will give your country back to you.. after you get your government in order.
I screwed up too, so I'm paying for it and these people will have to also. Sorry everyone that's life, if you don't know what your doing or don't read the fine print then its your problem. I don't agree with the banks for not disclosing everything they should have. We should let these banks fail cause its not worth keeping them afloat to have this happen again.
Bank should learn a lesson from this but with the government bailouts they won't.
Hey all you dumbshits - now the rest of America gets to go through what we IT people have been going through for over a decade. You all laughed at us and said we were overpaid and deserved it in the late 90s. Who's laughing now? You all wanted your cheap labor and didn't care when jobs got sent overseas. Well you care now, don't you?
you never complained about buying cheap goods why complain about cheap labor now?
I will take the short term consequences of oustsourcing for the long term health of the economy. GM wouldnt be in trouble if they did not have to pander to whiney US labor unions.
I did complain about buying cheap goods. I have been telling people for over a decade that cheap goods are worthless if no one has a job. In 1998 I predicted both trade deficits and cheap labor would crash the USA econ. 11 years later we see that I was right. What you mean is CHINA kept telling the USA that cheap goods were good for us. That is part of their deception.
I am sorry, but people that saw those commercials and thought it was a good idea are just dumb. I bought a house in '07 and my lender said I could get 250,000 loan ... I said bullshit and found a nice 130,000 home and am living quite comfortably.
Good move. Spending 33% of gross income on a mortgage is plain stupid. I'm at 27% and still think I overspent. I wish I would have bought an even cheaper house.
@Cdogpyjamas If I sold it right now it would probably go for 120,000 unfortunately but I don't plan on moving anytime soon. I did however refinance to a nice 4.375% and now my payments are way less so I am paying extra and building up equity much quicker.
@tylerpestell The thing is a lot of these people work hard and the banks where taking advantage of peoples natural optomism, so I do blame the banks. They set these people up to fail. Hey even if its lost 10k in value you still got to live in it for 3 years, so you'd probably be just as bad off if you bought it now and had to pay rent all that time. Sure is good that interest rates have gone down, unfortunately house prices haven't really dropped that dramatically in this country.
@tylerpestell The guys at the bank where incentivised to sign up as many loans as possible. They got bonuses for it, so of course that sets them up to tell people to afford what they cannot. I don't know why people need to live in such big houses anyway all you need is a kitchen bathroom or two living area and bedroom or two why all this extravagant housing? Thats the other thing, having to live up to the Joneses.
@tylerpestell Well good for you. But just because you have more intelligence then some but less than others doesn't mean that loan officers and mortgage wholesalers didn't take advantage. Not everyone is as smart, unfeeling and non understanding as you.
I bought a house in 2009 for $130k also and my lender said i could get $300k if i wanted it. Both my lender and my realitor for me to get the higher price house so they can get their higher commission off me.
I just said no thanks i want the $130 house and now my 15 year mortgage is less than $1k per month and i am living quite happy and comfortably on my 1200 sq ft house.
Construction Worker, 100% financing, a 400k home!!! Are you people fucking kidding me! I have no simpathy for these people who bought these mcmansions. How stupid can you be?
Exactly my thoughts. When I heard the price and saw the couple I was like wtf, then she said nonchalantly "100% financing" and topped it off by claiming she thought they could afford it because he busted his ass more than 40 hours a week!! Yes the lender also plays a role in this charade but people like this couple made their own bed.
In a society rift with status symbols so many people who can't afford it and KNOW it still will go to any lengths to demonstrate status to their peers.
owning ur home is not a status statement, it is a human right in any non communist/ socialistic system, because in the capitalist system, buildings are owned by someone anyhow. it might as well be u if u are living in it.
I meant by it that just by looking at them I KNEW (before they even spoke a hole sentence) they hadn't that kind of money which is necessary to own such a house.
On the other hand there are people who SMELL of money, you see them and you know immediately. My former boss was like that, it had nothing to do with expensive suits or cars or other visible status symbol, just the aura of wealth as I call it.
It's interesting this video was produced by an Aussie. This is what happens in a capitalistic country with no regulations. So much for the American dream. Welcome to the Grapes of Wrath for the 21st century. There is plenty of blame to go around but the Wall Street tycoons knew that subprime loans would bankrupt the average family. They could care less. How do these bankers sleep at night? Very well - on satin sheets while traveling on private jets. Capitalism indeed.
No man, but it is socialism to blame Wall Street and subprime loans for people's greed and stupidity. Any deal has to sides who has their will and brain, not a banker only. These families were gambling for increasing bubble and they predictably lost. They have to blame self.
And Americans are good at killing people and christians were very fonf of killing people at crusades. Even Buddhist have terrible wars. SO nationality or religoun has no effect. What matters is peoples nature to fight and kill. And making accusing presumptions because of someones religoun is just idiotic, but sadly dangerous.
Why do people borrow against their houses? That dosent make any sense to me even before the whole crisis. If you refinance the house, and you get a new mortgage, then... your being greedy... and deserve to lose your house for being greedy... or am i missing something?
white collar crime pays steal billions pay a fine of a couple million no jail time and move on to the next ripoff how can you beat that and have your children pay for it
This shit makes me sad, but why the fuck are people buying shit they can't pay for? I make decent loot, but I rent BECAUSE I CAN'T AFFORD A HOUSE. I'm not entitled to ownership just because I want one....
Seriously, as much as the banks may have had a role in this, these people should have used their heads a little bit. Maybe study a little bit about economics before they made one of the biggest investments of their life. Perhaps realize that if you put 0 down on a house and it depreciates in value that every dollar lost will effect you directly. This is what down payments are for and this is why you lock into fixed rates instead of gamling with ARMs and interest only mortgages.
Hey I almost was one of these people too! You should hear what the lender who worked hand in hand with the RE agent told us! They even said we for an extra $50 they would make me appear to have 3 years worth of stable work!!! Do you have friends? Then you can rent the basement! Do you have 2-3K? Don't worry, we'll do this to make it easy!!! My husband the accountant explained it later and we put it in writing!
So none of this sits on your shoulders? What do you mean 'appear to have 3 years worth of stable work'? Were you willingly going along with a lie? Shame on you if you were. Btw I work steady and have never been in a position to own a home. It's not a 'right'....
As I said I "almost" was one of them, we decided against it because it would be too much per month. But the way the lenders and the RE agents talk to you, made it sound like I was in the position to buy now, or never! Most people don't have a background in accounting and don't understand half of what is on a RE contract and end up like these ppl. I'm sorry that you can't own a home, but with the price rates now and saving for about 2 years, I can now buy a house, and in some states Pay in Full.
And the shysters on wallstreet, the race shake down artists and their power in the government helped all that foolishness.
When the government dropped loan standards to accomodate quota equal house ownership, it opened the dam to what came about here. Both parties did this.
The boomers think they changed the world...beyond accounting principals. New math! It's the boomer-rang generation. And they are going to fix it by bankrupting the Federal government!
theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
Here's the deal, THe video says they are showing houses to qualified buyers at fixed rates. They fact is the developers and bankers over-developed. They say they will only lend to "qualified buyers" is bullshit. THey got to get rid of these properties, they will again lend to anyone to achieve this.
Remember the Banks have to pay up keep and taxes, school, county, whatever! Doomed by their own fucked up system!! Running the country from the Northeastern elitists has been a problem since 1800.
This is pretty hard on innocent people. Get real this is not about people but the BANKERS who sell NOTHING. This has been ORCHESTRATED, there's NO money its ALL a lie. Theres NO CONTRACT with the BANKERS its all been based on LIES. Shame on the BANKERS, oh well GOD will sort you all out in the end... ASK FOR THE CONTRACT, THE SET OF ACCOUNTS WITH THE TWO PARTIES? They don't have one, try it.
Interesting that this came out of a country who's financial, political elite, just as any ordinary citizen, which are just as guilty, has the name of God painted out in everything he does and believes in. Shame on you people.
You bomb homes in Iraq, Afghanistan, Pakistan, Somalia, and aid and abett the homes destroyed by Israel in Palestine and Lebanon... I hope you ppl burn in hell.
The true root of the problem here is our money. You have to ask yourself why our entire economy is built on credit and appreciating values. Why isn't it based on savings and fundamental businesses that provide needed products and services. Check out my vids on MMM and you can understand this for yourself.
come and live in england - we are not so materialy hung up - we are happy with what we have - because of blair we were getting dangerously close to the US mentality but thank fuck he's gone
Very sad story indeed. I could see it coming for many years. While I was "getting screwed" paying higher interest rates (aka payments) on my home loan, at least I have the comfort of knowing it is a fixed rate.
Banks were giving loans to people who were not money wise and took out bad loans with fluctuating rates. Then the builders over-built because they knew the banks would lend to anyone who asked. And where did the builders get the money to build with? Why the banks, of course!
But don't be put off from owning a home. Fixed-rate mortgage is safer than sub-prime, and it makes more sense to buy a small home. Not a $350,000 one.
People have just tried to live BEYOND their means for TOO long. Why spend your life paying for a huge box to have to pay to heat and cool? Small homes are the answer for America's future.
"protestant ethic" is a joke and bullshit - the anglo-saxons became wealthy only by looting other people's land and exploiting other people's labor. Confronted by powerful economies such as that of China and Japan, their supposedly impregnable walls came tumbling down
Illegal Aliens don't live in $400,000 houses. Most of them if live in crammed & debilitated ghettos. In these homes, it isn't unussual to find multiple families residing in the same residence. These people are not Illegal Immigrants, they're just Immigrants.
NOt true... I work for Wells Fargo, they have millions of homes financed to illegal Aliens... Open your eyes..... You have just seen a couple i this video... They pool their money and buy with phony documentation.... They make up a high percentage of bad loans we are now dealing with.
100% financing is always a scam. Who the hell would loan you than kind of money and not ask you to put down any of your own? Only if they could make a profit BY CHARGING YOU MORE ON THE REPAYMENT AND THEN TAKING BACK THE HOUSE
"ADJUSTABLE RATE" would make me run screaming from the office!
I was in the homebuilding biz back in 2003 in New jersey. I saw a lot of the buyers get burned. But I can't blame them. They didn't know anything about loans. I did. I got out unscathed.
Economists ignore the CREDIT CARD debts that are part of the problem. A lot of the homeowners had credit card debts, which kept them from making mortgage payments.
Congress needs to BAN credit card issuers from advertising on college campuses, and ban them from offering cards by mail, email, or fax.
Jews? I worked in a brokerage house and there were (surprisingly) few Jews in there. Back in the 1930's, it was the Jewish economists that wanted tighter regulations on how banks could spend their capital.
Charles Keating wasn't Jewish, neither was Kenneth Lay or Negroponte. You can't blame it all on us.
Genius Jews! Look, whoever you want to be the villian behind this, you've got to admire their chutzpah...if I could have been on the ground floor of this racket, I wouldn't have given a fuck what happened to the losers on the other end. Let's drop all of this precious posturing about 'ethics', human nature basically is, fuck over anyone to get what you want. There's nothing too different going on here, and all I'm saying is, don't resent the winners...if they were/are you, you'd love it!
I could careless about these people. I grew up poor in Northern VA, which is filled with spoild brat rich kids & their parent who work for the feds. I was picked on for living in a 3 bedroom house, not having a car & not having Ipod. Now those kids have to leave college because their parents are losing the house. I knew many people who moved within 5 miles of their old home for a larger place. My parents just saved everything instead if spending, it wasn't hard.
Your doing a great job man, being prepare for economic callapse is a good thing, true i HATE Americans who being such a BITCH towards poor foreign people. They laugh at immigrants and think they are BIG and BAD. FUCK THEM. Yea they might live confortably and have lots of cash to spend, but what i really hate is when Americans Shitting and treating Immigrants like they are DOGS.
"House prices would never fall", LOL OMG how naive can those ass holes in Wall Street get. I hope that get slaughtered in a holocaust of Wall Street job cutting when the whole rotten house of cards collapses as it will in the very near future. It'll serve them right.
Look at the cookie cutter ridiculously large houses. My fellow Americans have shit for brains. People actually looked at their homes as if they were a bank to finance cars and consumer items or as retirement funds. Retarded planning leads to retarded outcomes.
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BREAKING NEWS -. BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing bankruptcy and insolvency. [ Global News Network ]
shoeupon67 3 weeks ago
fuck usa has alot of those lationos! they need to get rid of those if not america will be a latino province
KaxiLaxi 2 months ago
Most of the people that had no business living in a 300,000 + dollar home to begin with have been thrown into the streets where they belong. Now we have to kick out all the SUCKERS who lost their jobs and are behind in their mortgage payments so the housing market can truly find a bottom and people like ME can buy a home at an affordable price.
mookixox 3 months ago
@mookixox Me-first attitude I see. Didn't it land US in trouble?
dochokeana 1 month ago
@dochokeana How is my comment a "me-first" attitude? If you can't pay your bills you lose your house so someone who can afford the bill payments CAN move in...What type of utopian fantasy world do you live in to throw such a response my way...
mookixox 1 month ago
@mookixox I live in reality for now. However your "kick out all the SUCKERS who lost their jobs" does smack of egotism. Most people lose jobs and savings (that would have allowed them to keep a house) due to circumstances out of their control (medical emergency, downsizing, outsourcing) but I guess in your world that is not accounted for. How would you feel if someone threw you out of the job and then kicked you out on the street so "someone else could afford the place"?
dochokeana 1 month ago
@dochokeana I have alot of sympathy for people stricken with medical conditions. That STILL doesn't change the fact that if you can't pay your bills anymore, you lose your house. That's how an economy works. So what if I have a bit of ego? Should I not take pride in living within my means and not buying a giant over priced house? I rent until I can afford a home, and not be a sucker on a 25 year + mortgage. Now I want the suckers to be evicted so the prices come down!
mookixox 1 month ago
Americans cannot get so mad at the government when they were living beyond their means and adopting high mortgages.. its really sad. We were all raised in a debt society.
khalilahinjapan 4 months ago
If all mortgages and all rents in the US were to drop 30% there would be no economy problem whatsoever-Fact.
MissTeenPregnancy 7 months ago
Another funny thing about the fools who bought those homes is that, those monstrocities that look like mansions and sold for .5 to 1 million dollars were only built to last for 15 to 20 years. They are not even an investment to pass on to their kids. They will fall apart before the mortgages are ever paid off. They're big beautiful origami mansions that will blow over in a strong wind.
MardukHail 7 months ago
These people are full of shit. They knew they couldn't afford it when they bought. They said "we'll deal with it when it comes" and just jumped in so they could be king for a day.
They got to live in mansions for five or ten years. The party's over and now they pretend they were victimized.
In the mean time they drove up prices of housing for honest people who were saving real hard earned money for modest homes.
They kept me out of the market by inflating housing prices.
MardukHail 7 months ago
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Hello, nice video. I had better results with bee4biz (You can google it) because they pay tons more and convert better I can earn 20 times more with them. Just lock some cool content and make money.
mee2day 7 months ago
ahahahahahahahahahahahaah...this is sooo funny! lol
navyseal100 7 months ago
think home staging 101 detroit and/or any other cities. lollllll
HIVINGVONNING 8 months ago
Why don't they rent them out ?
MaxZagar 10 months ago
Five to ten years ago there was this "buy a house" kick. Speculators said you were stupid for renting and throwing money away. Now half those who bought into it are in foreclosure. Home ownership is only a good idea if you can afford it and if your income is stable. You lose your income or rates adjust and your "investment" may have depreciated, you can't sell in a crap market, and you wind up throwing good money after bad trying to save your home and credit. No thanks!
trj1922 11 months ago
USA IS GOING DOWN! GO SWEDEN! WE HAVE A LOT OF MONEY IN OUR RICH COUNTRY!
loki04sw 1 year ago
@loki04sw Take me with you :)
GunsOfThePhoenix 11 months ago
Why not modify the houses to different compartments for rent?
stephentsang2000 1 year ago
This happened in Japan too. They were pushing $200.000-250.000 mortgages even to foreign temporary workers with absolutely no conditions to pay for it. And tons of "dumb people" were lured. So the question is, how to prevent this from happening again? I'm sure just saying "hey people, don't be dumb and educate yourselves" it's not the solution.
CUMBICA1970 1 year ago
@CUMBICA1970 May be enforcing laws against such speculations can help. Basically the real estate agent can't sell and the person cannot take out the mortgage until the credit history is checked, the person has large savings and basically the person CAN afford it. If they try without proper checking they're fined, jailed etc...
dochokeana 1 month ago
These bankers committed robbery of these people, they should be destroyed!
sugarjkane 1 year ago 5
I think its better to rent
cscate 1 year ago
oh yeah news flash: I work in construction too. I didnt buy a 360,000 house with 0% down. Right now I am unemployed debt free with piles of money saved in the bank, paying $600 a month all inclusive rent. kicking up my feet and coasting through life.
Who did better?
rustyscrapper 1 year ago
@rustyscrapper Good job sir. Live within your means and you'll be ok
avataz 1 year ago
look at the size of these frigging houses. They got what they deserved.
rustyscrapper 1 year ago
Keynesian economics DOES NOT work. I can't believe there are still people who think it does.
JayKay62969 1 year ago
stupid americans they complain when they have wages from 30-50 000 a year gas half priced ,let them live in eastern europe with 10 000-15 000 a year and double gas prices ,if you work like 7-10 years in a row in america and you have nothing of worth aside so you can live 2 years without a job just with unemployment it means your stupid ,you have a house and 3 cars on credit your stupid my sympathy to the emmigrants that didn't found the promise land the rest of americans STUPID as shit .
iooo007 1 year ago 3
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happy to see that whites are suffering
bluballzzz 1 year ago
@bluballzzz You're a knob
bittercottoncandy 1 year ago
@bluballzzz Uhhh... when white people suffer you will suffer too. Don't know much about economics do you? With that attitude you're going to have "bluballzzz" for a LONG time.
JayKay62969 1 year ago
@JayKay62969 funy i;m living beater and making more money now then ever i gained 100 lbs in the past five years
bluballzzz 1 year ago
@JayKay62969 ps bitch i make 75 grand a year
bluballzzz 1 year ago
@bluballzzz So???
JayKay62969 1 year ago
very informative great video keep them coming
Ibuysellinvest 1 year ago
jewish greed
penfolduk78 1 year ago
Wow, the entire street's foreclosed. Wonder what's the total in all of the US of A.
RoniCMaster 1 year ago
i thought about buying a house, but didn't. i'm glad now.
smedheat 1 year ago
@smedheat i did - still paying for my mistake :(
penfolduk78 1 year ago
Its called the new world order. wake up.
sim0b 1 year ago
Low interest rate (around 5%) caused the creation of the bubble.
But what about now ?Currently the interest rates are between 0-0,25..........what will happen the Fed will decide to raise them,which new bubble in which secor of the economy we will discover?
isfand89 1 year ago
Common sense and financial education is what people needs
isfand89 1 year ago 2
@isfand89 Hahaha, indeed, common sense is not so common after all.
RoniCMaster 1 year ago
50% of USA is own by the Chinese & rest of the world now.
moodswyng 1 year ago 4
Oh maybe idiots who build mcmansions and have 3 suvs in their driveway deserve this
reenlist82 1 year ago
@reenlist82 Does anyone really deserve to be lied to..sure some made some real dumbass decisions...there is no debating that...it's a fact. But most we're just dreaming the American dream..that's there only crime.
davehutchinson67 1 year ago
This is absolutely disgraceful, the predatory lending. I think its horrible business practice to set people up to fail, especially this family who clearly where hard working. They thought they could afford it.
Cdogpyjamas 1 year ago
The price of Suburbia...
"Living on less by choice. There's the inconvenient truth."
technologic21 1 year ago
Over half of these houses are 2 to 4 thousand square feet. Why do folks have to have such big houses here. Why not get what we need instead of what we want. I sold my big house in 04 and bought a little house in another state for 42k cash. I don't make big bucks anymore but I'm at peace...with deed in hand. Older houses, older cars, peace of mind. Living on less by choice. There's the inconvenient truth.
Rikenrocker 1 year ago 10
The global warming scam passed by Congress. Goldman Sachs is in the middle of it, as usual a potential trillion dollar sure thing.
And Former Vice President Al Gore who will profit from the cap-and-trade plan through his company, Generation Investment Management,
Gore is joined by three former Goldman Sachs heads in their carbon offsets business.
RomeoMD25 1 year ago
@RomeoMD25 Well..you should be happy...Cap and Trade failed. So now you can exhale.
davehutchinson67 1 year ago
A bunch of jews control the banking industry and they wrecked everything.
bicycledays 2 years ago
Comment removed
tylersilverchoice 2 years ago
my mortgage is 591$ is that a price that usauualy dosen get forclosures
dijornopizza 2 years ago
People bought these houses with the mentality that the housing market would go up and they would be able to take advantage of leverage on thier cash. Get the house for $250,000 on a loan with nothing or very little down and sell it 5 years later for $500,000, gain of roughly $250,000. Doesnt take a genius to see what people were thinking and the banks were more then willing to give the margin to gamble with.
Steve112297 2 years ago
Just WTF were those Wetbacks doing living in a NICE ASS house like THAT one anyhow?!
All those foreclosures are truly sad, but I guess the lesson here is NEVER GET A LOAN WITH A VARIABLE RATE! The gamble isnt worth it! Variable rates should be ILLEGAL now!
recyclecongress 2 years ago
@recyclecongress ; they had 100% financing..meaning zero money down. Don't feel sorry a bit for them cuz they loose nothing. Plus they get to live free for 9 months during the foreclosure proceedings without making any payments. John Smith the neighbor on the other hand, paid his house in cash...now its worth less than half what he paid. That is sad. Thanks to scums like these who cries, " I'm the victim". No one pull a gun to their head and tell them to buy the house in the first place!
garyomglol 2 years ago
im a wet back in a really nice house brand new i pay 591$ for my morthgage
dijornopizza 2 years ago
human greed = anguish
MrMuse79 2 years ago
"subprime" might be the definition last year, it is almost certainly 'bad loans' by now
hongster76 2 years ago 2
That Zoom Credit ad says it all! there's the problem in a nutshell!!!
TaMlyN612 2 years ago 2
It's not only the Californian people who are bankrupt, the states bankrupt too.
lendmeurears 2 years ago
lendmeurears,
United states of bankrupt !
your whole country is fucking bankrupt !
how da fuck does your Gov keep spending billions im really not sure ? do they have magic money ? or what
myso2008 2 years ago
I'm not an American, I'm a Kiwi (New Zealander) :-) Although our govt was also badly hit by the Financial Crisis, we have a deficit of about 5.5 billion dollars that will take us about 7 to 8 years to pay back. It's the whole Western world, minus Australia (who are doing incredibly well because they are rich in natural resources).
lendmeurears 2 years ago
pp 4,315,800,
GDP (PPP) 2008 estimate - Total $115.809 billion[3] (60) - Per capita $27,083[3] (34)
i'll say NZ is doing fine that 5.5 billion will goaway within 3 to 2 years from now :O
myso2008 2 years ago
@myso2008
yeah it's called a printing machine
missionaryoffaith 2 years ago
All part of the new world order plan!
madalene2012 2 years ago
Please elaborate on the idea.
sosjp 2 years ago
@madalene2012 jesus u conspiracy nuts are all over fucking youtube.....GET SOME MEDICATION you crazy FOOL!!!
sstruyf89 1 year ago
The repo man is a predator...lol
101djarum 2 years ago
America America, how art thou fallen? Who would have known that in fifty years you would fall to this level? Our country is sick unto death....
remnant1978 2 years ago 2
Atleast it is safe to say that after the crisis 10 years is safe period to get a mortgage and buy a house :)
SonicYouthXXX 2 years ago
Poor people will do anything but work to get attention. How can the legally vote if they dont have a home or legal place to live?
Conservativesaregood 2 years ago
They can legally vote because of the constitutional amendments which are the law of the land. Conservatives caused this crisis.
Rockynurse 2 years ago
My predictions there will be so many homeless people living in these houses for the future
mary5709 2 years ago 2
americans must read the signs, after a big bank loaning offer, theres always a crash, (people behind that make money this way) read the international signs, if you see a country being attacked on media, soon their will be a war or a big spend on that country, and depression will follow, banks will rise % and will repossess the rich will buy cheap then, for your hard slave work like always, remenber jews are running this show, just read their signs they never get hurt, they are rulling this show
badsign1980 2 years ago 3
private bank you dumb!!
shrugsquats08 2 years ago
this is what happens when people live beyond their means
SOAMC33 2 years ago 24
@SOAMC33 Yeah..no shit Sherlock. Almost everyone in this country does...some just are luckier than others..that's all there is to it.
davehutchinson67 1 year ago
hey
Tell your govt. to spend more on Iraq rather on American citizens who are homeless
Hahaha Good luck to you guys
bangbangsin 2 years ago 3
The american retarded fat pigs dont understand that they are the attackers/invadors in Iraq. They spend money like crazy on wars , yet they are homeless. Go figure. FUCK USA!
sharkloaner 2 years ago
You guys are stupid and don't know about the New World Order agenda of the Bilderberger group. America is merely the police force of the united nations. They will give your country back to you.. after you get your government in order.
roninmd 2 years ago
Yes I knew that. Tell the dumb americans to wake up and smell the snickers!
sharkloaner 2 years ago
I screwed up too, so I'm paying for it and these people will have to also. Sorry everyone that's life, if you don't know what your doing or don't read the fine print then its your problem. I don't agree with the banks for not disclosing everything they should have. We should let these banks fail cause its not worth keeping them afloat to have this happen again.
Bank should learn a lesson from this but with the government bailouts they won't.
There may be a New World Order.
coolgc1 2 years ago 2
banks are mean and should take the fall for all the lost money
creedstat 2 years ago
if they've lost 60% of their value shouldn't they be able to allord it now?
creedstat 2 years ago
Hey all you dumbshits - now the rest of America gets to go through what we IT people have been going through for over a decade. You all laughed at us and said we were overpaid and deserved it in the late 90s. Who's laughing now? You all wanted your cheap labor and didn't care when jobs got sent overseas. Well you care now, don't you?
indiasucksalways 2 years ago
Yep.
zipacna1980 2 years ago
you never complained about buying cheap goods why complain about cheap labor now?
I will take the short term consequences of oustsourcing for the long term health of the economy. GM wouldnt be in trouble if they did not have to pander to whiney US labor unions.
chasbo13 2 years ago
I did complain about buying cheap goods. I have been telling people for over a decade that cheap goods are worthless if no one has a job. In 1998 I predicted both trade deficits and cheap labor would crash the USA econ. 11 years later we see that I was right. What you mean is CHINA kept telling the USA that cheap goods were good for us. That is part of their deception.
indiasucksalways 2 years ago
HAHAHAHAHAHAHAHAHA!!!!! Women just got to have that Big house to show off. Daddy got to keep her happy.
VANNA4ME 2 years ago
dam tatz exactly what happened to me...well not a house...but loans in credit cards
navyseal100 2 years ago
I am sorry, but people that saw those commercials and thought it was a good idea are just dumb. I bought a house in '07 and my lender said I could get 250,000 loan ... I said bullshit and found a nice 130,000 home and am living quite comfortably.
tylerpestell 2 years ago 25
Good move. Spending 33% of gross income on a mortgage is plain stupid. I'm at 27% and still think I overspent. I wish I would have bought an even cheaper house.
piancu 2 years ago
@tylerpestell How much is your 130,000 house worth now?
Cdogpyjamas 1 year ago
@Cdogpyjamas If I sold it right now it would probably go for 120,000 unfortunately but I don't plan on moving anytime soon. I did however refinance to a nice 4.375% and now my payments are way less so I am paying extra and building up equity much quicker.
tylerpestell 1 year ago
@tylerpestell The thing is a lot of these people work hard and the banks where taking advantage of peoples natural optomism, so I do blame the banks. They set these people up to fail. Hey even if its lost 10k in value you still got to live in it for 3 years, so you'd probably be just as bad off if you bought it now and had to pay rent all that time. Sure is good that interest rates have gone down, unfortunately house prices haven't really dropped that dramatically in this country.
Cdogpyjamas 1 year ago
@tylerpestell The guys at the bank where incentivised to sign up as many loans as possible. They got bonuses for it, so of course that sets them up to tell people to afford what they cannot. I don't know why people need to live in such big houses anyway all you need is a kitchen bathroom or two living area and bedroom or two why all this extravagant housing? Thats the other thing, having to live up to the Joneses.
Cdogpyjamas 1 year ago
@tylerpestell Well good for you. But just because you have more intelligence then some but less than others doesn't mean that loan officers and mortgage wholesalers didn't take advantage. Not everyone is as smart, unfeeling and non understanding as you.
davehutchinson67 1 year ago
@tylerpestell
Smart Move.
I bought a house in 2009 for $130k also and my lender said i could get $300k if i wanted it. Both my lender and my realitor for me to get the higher price house so they can get their higher commission off me.
I just said no thanks i want the $130 house and now my 15 year mortgage is less than $1k per month and i am living quite happy and comfortably on my 1200 sq ft house.
usery1zz 1 year ago
Construction Worker, 100% financing, a 400k home!!! Are you people fucking kidding me! I have no simpathy for these people who bought these mcmansions. How stupid can you be?
whodat121980 2 years ago 3
Exactly my thoughts. When I heard the price and saw the couple I was like wtf, then she said nonchalantly "100% financing" and topped it off by claiming she thought they could afford it because he busted his ass more than 40 hours a week!! Yes the lender also plays a role in this charade but people like this couple made their own bed.
In a society rift with status symbols so many people who can't afford it and KNOW it still will go to any lengths to demonstrate status to their peers.
derunausstehlichekid 2 years ago 2
owning ur home is not a status statement, it is a human right in any non communist/ socialistic system, because in the capitalist system, buildings are owned by someone anyhow. it might as well be u if u are living in it.
hongster76 2 years ago
When I heard the price and saw the couple I was like wtf,
what do you mean by that "when i saw the couple"
dijornopizza 2 years ago
Nothing racial if that's what you're thinking.
I meant by it that just by looking at them I KNEW (before they even spoke a hole sentence) they hadn't that kind of money which is necessary to own such a house.
On the other hand there are people who SMELL of money, you see them and you know immediately. My former boss was like that, it had nothing to do with expensive suits or cars or other visible status symbol, just the aura of wealth as I call it.
derunausstehlichekid 2 years ago
It's interesting this video was produced by an Aussie. This is what happens in a capitalistic country with no regulations. So much for the American dream. Welcome to the Grapes of Wrath for the 21st century. There is plenty of blame to go around but the Wall Street tycoons knew that subprime loans would bankrupt the average family. They could care less. How do these bankers sleep at night? Very well - on satin sheets while traveling on private jets. Capitalism indeed.
meg3325 2 years ago 2
No man, but it is socialism to blame Wall Street and subprime loans for people's greed and stupidity. Any deal has to sides who has their will and brain, not a banker only. These families were gambling for increasing bubble and they predictably lost. They have to blame self.
zipacna1980 2 years ago
All one as bad as the other...GREED!!!...but I don't see what socialism has to do with it!
johnthekeane 2 years ago 2
Criminals are amongst all groups.
unytcommsys 2 years ago
And Americans are good at killing people and christians were very fonf of killing people at crusades. Even Buddhist have terrible wars. SO nationality or religoun has no effect. What matters is peoples nature to fight and kill. And making accusing presumptions because of someones religoun is just idiotic, but sadly dangerous.
xxxrrrxxxrrr 2 years ago
Why do people borrow against their houses? That dosent make any sense to me even before the whole crisis. If you refinance the house, and you get a new mortgage, then... your being greedy... and deserve to lose your house for being greedy... or am i missing something?
Amaxander 2 years ago 5
lol $5000/mo for a house!! Jeeeesum I can barely afford mine just under $1000.
linfinster 2 years ago 4
white collar crime pays steal billions pay a fine of a couple million no jail time and move on to the next ripoff how can you beat that and have your children pay for it
phillusa 3 years ago 3
It pays to be too important to fail.
unytcommsys 2 years ago
To bad this video is old. I would like to see it redone now to see how the sames peoples opinions have changed.
painswitch 3 years ago
Dear jman great work.
UzhakaThamilan01 3 years ago
This shit makes me sad, but why the fuck are people buying shit they can't pay for? I make decent loot, but I rent BECAUSE I CAN'T AFFORD A HOUSE. I'm not entitled to ownership just because I want one....
tattypatty 3 years ago 3
Seriously, as much as the banks may have had a role in this, these people should have used their heads a little bit. Maybe study a little bit about economics before they made one of the biggest investments of their life. Perhaps realize that if you put 0 down on a house and it depreciates in value that every dollar lost will effect you directly. This is what down payments are for and this is why you lock into fixed rates instead of gamling with ARMs and interest only mortgages.
faurkbeans 2 years ago
Hey I almost was one of these people too! You should hear what the lender who worked hand in hand with the RE agent told us! They even said we for an extra $50 they would make me appear to have 3 years worth of stable work!!! Do you have friends? Then you can rent the basement! Do you have 2-3K? Don't worry, we'll do this to make it easy!!! My husband the accountant explained it later and we put it in writing!
go4thus 2 years ago
So none of this sits on your shoulders? What do you mean 'appear to have 3 years worth of stable work'? Were you willingly going along with a lie? Shame on you if you were. Btw I work steady and have never been in a position to own a home. It's not a 'right'....
tattypatty 2 years ago
As I said I "almost" was one of them, we decided against it because it would be too much per month. But the way the lenders and the RE agents talk to you, made it sound like I was in the position to buy now, or never! Most people don't have a background in accounting and don't understand half of what is on a RE contract and end up like these ppl. I'm sorry that you can't own a home, but with the price rates now and saving for about 2 years, I can now buy a house, and in some states Pay in Full.
go4thus 2 years ago 2
Blame the Jews who controls Wall Street !
akamal1113 3 years ago
im not a Jew but i don't think antisemetic comment is appropriate. one word for you racist.
spotty00lucy 2 years ago
So, they took on a loan they could not pay... They got an "adjustable" and went up... and their income went down. No secret... and foolish.
I feel sorry for them. I've been in their shoes. But it's their fault, just like it was my fault.
65crewcabpw 3 years ago
And the shysters on wallstreet, the race shake down artists and their power in the government helped all that foolishness.
When the government dropped loan standards to accomodate quota equal house ownership, it opened the dam to what came about here. Both parties did this.
The boomers think they changed the world...beyond accounting principals. New math! It's the boomer-rang generation. And they are going to fix it by bankrupting the Federal government!
Kiro123123123 3 years ago 2
Unless I get sick or lose my job I never want to be in their shoes.
unytcommsys 2 years ago
theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
mindmunk111 3 years ago
Here's the deal, THe video says they are showing houses to qualified buyers at fixed rates. They fact is the developers and bankers over-developed. They say they will only lend to "qualified buyers" is bullshit. THey got to get rid of these properties, they will again lend to anyone to achieve this.
Remember the Banks have to pay up keep and taxes, school, county, whatever! Doomed by their own fucked up system!! Running the country from the Northeastern elitists has been a problem since 1800.
strata1972 3 years ago 4
This has been flagged as spam show
arabs is fucking assholes and need too be extinct but jews are very cool and nice people god bless them :D
ghostriderblack89 3 years ago
whos the genius behind this?
last 3 years hedge fund managers were making BILLIONS yes not millions
do they have all the money ?
emforty2 3 years ago
This is pretty hard on innocent people. Get real this is not about people but the BANKERS who sell NOTHING. This has been ORCHESTRATED, there's NO money its ALL a lie. Theres NO CONTRACT with the BANKERS its all been based on LIES. Shame on the BANKERS, oh well GOD will sort you all out in the end... ASK FOR THE CONTRACT, THE SET OF ACCOUNTS WITH THE TWO PARTIES? They don't have one, try it.
etz111 3 years ago
Interesting that this came out of a country who's financial, political elite, just as any ordinary citizen, which are just as guilty, has the name of God painted out in everything he does and believes in. Shame on you people.
marcinha1973 3 years ago 3
You bomb homes in Iraq, Afghanistan, Pakistan, Somalia, and aid and abett the homes destroyed by Israel in Palestine and Lebanon... I hope you ppl burn in hell.
tdot22 3 years ago
People just need to stick with 30 yrs fixed or 15 yrs fixed.
"We should hurry up and buy before the market turns around" OMG I can't believe that guy said that.
BlackMask2012 3 years ago
All of it just may be due to sins of the people...Greed,the love of money, pride,power,etc.....
ebmirador 3 years ago 4
The true root of the problem here is our money. You have to ask yourself why our entire economy is built on credit and appreciating values. Why isn't it based on savings and fundamental businesses that provide needed products and services. Check out my vids on MMM and you can understand this for yourself.
MelodicNightmare 3 years ago 3
come and live in england - we are not so materialy hung up - we are happy with what we have - because of blair we were getting dangerously close to the US mentality but thank fuck he's gone
kalcom2 3 years ago
Very sad story indeed. I could see it coming for many years. While I was "getting screwed" paying higher interest rates (aka payments) on my home loan, at least I have the comfort of knowing it is a fixed rate.
WTFNTZSJ 3 years ago
Banks were giving loans to people who were not money wise and took out bad loans with fluctuating rates. Then the builders over-built because they knew the banks would lend to anyone who asked. And where did the builders get the money to build with? Why the banks, of course!
But don't be put off from owning a home. Fixed-rate mortgage is safer than sub-prime, and it makes more sense to buy a small home. Not a $350,000 one.
MondoBeno 3 years ago
Just walk away for the couple. Those greedy banks deserve to go bankrupt and some of their employee go to jail for fault.
davidluk8 3 years ago
why do you people keep posting these sob stories those houses are up for sale because the owner couldn't pay his bills
end of story
plzIneedhelp 3 years ago
People have just tried to live BEYOND their means for TOO long. Why spend your life paying for a huge box to have to pay to heat and cool? Small homes are the answer for America's future.
VideoGuyNC 3 years ago 3
Watching Obama & his crooked Democrats try to evade blame for this is a real hoot.
Why can't he explain why he DIDN'T sign this letter, back in 2006, warning about the FannieMae-FreddieMac disaster.
tinyurl (dot) com/3q6dc9 (fix the "dot")
19 Republican Senators signed the warning, saying FannieMae-FreddieMac was a disaster and needed fixing NOW! And this was over TWO YEARS AGO.
NO Democrat signed it.
Why not, Obama? Just tell us.
Too busy cashing those six-figure FannieMae checks?
HughGQuipment 3 years ago 2
"protestant ethic" is a joke and bullshit - the anglo-saxons became wealthy only by looting other people's land and exploiting other people's labor. Confronted by powerful economies such as that of China and Japan, their supposedly impregnable walls came tumbling down
tacotony24 3 years ago 4
I agree!
lilze69 3 years ago
*Take ONLY FIXED RATE interest for MOTRGAGE*
Do NOT be fooled!!!
Sefardi123 3 years ago 4
These Folks are Illegal Aliens.... The fucking banks need to fail...
ricoberto1 3 years ago
Illegal Aliens don't live in $400,000 houses. Most of them if live in crammed & debilitated ghettos. In these homes, it isn't unussual to find multiple families residing in the same residence. These people are not Illegal Immigrants, they're just Immigrants.
3ssay 3 years ago
NOt true... I work for Wells Fargo, they have millions of homes financed to illegal Aliens... Open your eyes..... You have just seen a couple i this video... They pool their money and buy with phony documentation.... They make up a high percentage of bad loans we are now dealing with.
ricoberto1 3 years ago 2
100% financing is always a scam. Who the hell would loan you than kind of money and not ask you to put down any of your own? Only if they could make a profit BY CHARGING YOU MORE ON THE REPAYMENT AND THEN TAKING BACK THE HOUSE
"ADJUSTABLE RATE" would make me run screaming from the office!
I was in the homebuilding biz back in 2003 in New jersey. I saw a lot of the buyers get burned. But I can't blame them. They didn't know anything about loans. I did. I got out unscathed.
MondoBeno 3 years ago
Economists ignore the CREDIT CARD debts that are part of the problem. A lot of the homeowners had credit card debts, which kept them from making mortgage payments.
Congress needs to BAN credit card issuers from advertising on college campuses, and ban them from offering cards by mail, email, or fax.
And ban people from having more than one card.
MondoBeno 3 years ago 4
Bush/Cheney legacy at its best
CantolaoTV 3 years ago 4
aahhh am happy i paid all my house off and i dont have to worry =D
likpit 3 years ago
moral of the story.Dont get in over your head
cluelesslibs 3 years ago
wake up and take back the coutnry!!! throw these banker scum out throw out the money man get rid of the middle man
tony232cool 3 years ago 2
Excellent analysis of the crisis.
mcresearch 3 years ago
the jews and banksters at the FED did it o.o
happosai21 3 years ago
Jews? I worked in a brokerage house and there were (surprisingly) few Jews in there. Back in the 1930's, it was the Jewish economists that wanted tighter regulations on how banks could spend their capital.
Charles Keating wasn't Jewish, neither was Kenneth Lay or Negroponte. You can't blame it all on us.
MondoBeno 3 years ago 2
the new world order is here...only so called rogue states represent ressistance
ebrieo 3 years ago 2
The new world order is being imposed on you, weather or not you want it to. Governed by Rockfeller, Rothchild, CFR, Bilderberg.
Its so currupt and minipulated that "THERE IS NO LAW THAT REQUIRES YOU TO PAY TAX IN USA!"
Search google for ZEITGEIST THE MOVIE
It's unfair business, unfair stories, unfair explanations. Playing God, knowing their plans for us
. Knowing where we are going, while we dont. It isnt nessesary, we dont need a new world
order. WAKE THE **** UP and spread the word!
kylecorreia 3 years ago
Peoples' livelihood is lost in just few months. It does not finish there, the bad credit will haunt these victims for many years to come.
Shaft2009 3 years ago
Genius Jews! Look, whoever you want to be the villian behind this, you've got to admire their chutzpah...if I could have been on the ground floor of this racket, I wouldn't have given a fuck what happened to the losers on the other end. Let's drop all of this precious posturing about 'ethics', human nature basically is, fuck over anyone to get what you want. There's nothing too different going on here, and all I'm saying is, don't resent the winners...if they were/are you, you'd love it!
joetyer 3 years ago
journeymanpictures: explain yourself how the US economy will recover. I think you are the only one how have wish full think with no prove.
mysanjose 3 years ago
Question: What will the eventual human cost be in all this, come October 2008?
southdakota1001 3 years ago
This comment has received too many negative votes show
HAHAH....yes,yes,yes,yes,yes,yes....
FINALLY, THE FALL OF AMERICA.
indrajitsen01 3 years ago
I could careless about these people. I grew up poor in Northern VA, which is filled with spoild brat rich kids & their parent who work for the feds. I was picked on for living in a 3 bedroom house, not having a car & not having Ipod. Now those kids have to leave college because their parents are losing the house. I knew many people who moved within 5 miles of their old home for a larger place. My parents just saved everything instead if spending, it wasn't hard.
12thWardGator 3 years ago 5
Your doing a great job man, being prepare for economic callapse is a good thing, true i HATE Americans who being such a BITCH towards poor foreign people. They laugh at immigrants and think they are BIG and BAD. FUCK THEM. Yea they might live confortably and have lots of cash to spend, but what i really hate is when Americans Shitting and treating Immigrants like they are DOGS.
q1ax 3 years ago 2
The Spirit of Karl Marx needs to return to Wall Street, City of London and Washington DC.
markjayaweera 3 years ago
SEE HOW THE ILLEGALS HAVE PLAYED A PART IN THE ECONOMIC CRASH
watch?v=_MlQ8vAxksU
BLESSEDone333 3 years ago
"House prices would never fall", LOL OMG how naive can those ass holes in Wall Street get. I hope that get slaughtered in a holocaust of Wall Street job cutting when the whole rotten house of cards collapses as it will in the very near future. It'll serve them right.
Puzzoozoo 3 years ago
they get slaughted
Puzzoozoo 3 years ago
They're more likely to get six digit payouts while their companies go bust and thousands of ordinary employees are fired.
7boon 3 years ago
IF the company can afford it, did Enron employees that were high in the company get 'six digit payouts'?
Puzzoozoo 3 years ago
Look at the cookie cutter ridiculously large houses. My fellow Americans have shit for brains. People actually looked at their homes as if they were a bank to finance cars and consumer items or as retirement funds. Retarded planning leads to retarded outcomes.
akeffo 3 years ago 5