Does anyone have a definitive answer on whether or not the banks were legally out-of-bounds in relaxing the regulations on lending to subprime borrowers? I've heard both that they acted illegally and that the government allowed or even made them do it. Who's right? I've tried researching this myself but haven't been able to get to the heart of it. I know Obama launched a probe into it, but the results didn't answer my question.
Banks have nothing ($0) invested in your mortgage. When you signed your promissory note, the bank deposited it as a security upon which they could "lend" 9 times as much. Then they handed you your own money which you created with your signature. Then they charged you 3 times that much plus collateralized (risked) your home for the service of book keeping entries.
It's bad when the rich are getting richer and the poor are becoming poorer. The top 1% can be taxed a lot more and it would not put a dent in their pocket one bit. But they now control congress and are filling up their wallets. They know once we run out of oil the economy will fall and they will be safe. Revolution is in the near future.
Can't wait till fat-ass socialist Michael Moore needs a quadruple bypass and dies on an operating table in Cuba cuz he thinks they have better healthcare. Have another doughnut Michael.
Democrat Barney Frank was the House Finance and Banking Chairman at the time, the guy in charge of oversight of Fannie. You can go on youtube here and watch his dumbass say there was no problem right up to the crisis! Guess who was Frank's largest campaign contributor? Fannie. Why isn't that fucker in jail?
Sean is one sorry ass dumb fuck that as always, does not know what he's talking about. Like he said Stupid Ass Sean, the FBI means just that. Federal Burea of Investigation. Hey Michael. An intelligent person such as yourself can't reason with a dumb ass like Sean Hannity.
Im a libertarian and I do think michael Moore has it partially right but his answer to the question is scary. Yes, we do not produce things as we once did but why is that? We are over regulated, over taxed, and nobody saves because interest rates are too low. Yes, poor people do not have the assets to cause the financial crisis that happened, however, he does not say that their assets were tied with bigger and richer people's assets. Sean Hannity embarrasses my side with the way he argues
@wannabestudd While I agree that taxes are too high and regulations are a burdon the main reason for production decline is large corporations shipping jobs overseas (where people work for a few dollars per day) to boost profits. Also agree that Hanity is an embarrassing idiot.
Fannie and Freddie have long been crucial to the US housing market, guaranteeing or owning roughly 50pc of the residential mortgage market. Including Federal Housing Administration loans, the government has been responsible for about 95pc of mortgage origination between 2008 and 2010, according to a Bank of America analysis.
Free energy can change the world!But the powerfull Oil business won't alow common ppl to know this,Get the blueprints for a free energy motor at LT-MAGNET-MOTORdotCOM ,Free yourself!
Before this crash happened, I lamented the system by suggesting that in the Western world, economic growth was largely being enjoyed by a small segment of the population, and the concealing factor in all of this...was the accessibility of debt. There's no doubt that there is a benefit of global trade...however I suspect we've gone too far too fast, and as a result, the most vulnerable are being sacrificed for the good of further enriching those with the most!
I have a friend in Los Angeles who has been doing miracles with home loans. He is an affiliate of one of the largest originators of loans in California, so commonly he gets the loans done "in house." He also has a huge rolodex full of other loan resources who can handle more difficult loans, super jumbos and other problem loans.
Try his website at mortgagehelplosangeles. There's current rates and mortgage calculators to help you find out what you can afford and can qualify for.
They both present facts of truth neither is completely wrong or completely right but if either of these clowns think their arguments are ironclad their just discarded douchebags.If people learn to be truly objective in their reasoning and discernment on political matters I'm sure they'll find the truth is neither to the left or ring but always somewhere in the middle.
And the fact remains the lenders are the real tricksters/swindlers who KNOW what they are doing.Hannity might be getting senile.
@5LiterRapesCAMAROaSS I see your point there, after all, the public is so customized to hinge off every word from the media and politicians that we've entrusted them on nearly every decision we make.That's why I don't fully comply with hannity's remarks about the consumer not taking accountability for their borrowing.You see it everywhere in the media, newspapers and advertisements "BORROW! BORROW! BORROW!"...is it any wonder why we're a nation of debt?
Did Michael Moore just throw out that FBI statistic? 80%. HOooey, hogwash. Link it to me. Oh, and if you are bankrupt by medical bill's, you clam bankruptcy, you don't lose your house... All people that are in subprime mortgages have been deceived, exploited and swindled. Yea, right. I know it happens, but every one???
This crisis is due to the failure to regulate and giving mortgages to people that didn't qualify.
Fox Propaganda Crazies have turned Socialism into a dirty word. Rupert Murdoch(billionaire with a dog in the fight) hires idiots to do his dirty work for him.If Socialism is so bad why does Socialist Norway have more millionaires than America? Why does Socialist Europe? Why? Check it out for yourself
R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
They both don't understand that the primary source for our trouble with the banks has been the Federal Reserve. The Federal Reserve has many ways of manipulating the banks . For example, the Federal Reserve controls how much these banks have in reserves, which directly affects the risks that they are going to take. Michael Moore should make a documentary on the corruption of the Federal Reserve.
Nice, you almost convinced yourself that you were right now go look at what you wrote. Are those flip flops going to the beach with you? Now that you agree with me this "convo" is now over. Cheers mate!
You're funny. And your attempt to cover up your lack of knowledge if hilarious. Calling me names or daydreaming about my ass and how happy it is won't help you either. If you didn't want other people to comment on your bone-headed comments then don't post them on the internet. Duh? So, the "common folk" had nothing to do with revolting, I guess it was only our Founding Fathers that revolted no one else, Hun? Put down your paint chip sandwich and read, man! Do you live under power lines?
hannity is a man walking blind, it is a shame that jounalism has networks like fox, dont do anything more but complain about how someone they think is going to take their money. No solutions what so ever
@XxManOManxX Slow down and do some homework before spattering off at the mouth about the American Revolution. Your sub - GED level of education isn't going to cut it on this made up BS. For your homework assignment I would like for you to look back to the Quartering Act which expired in 1764 in New York. "They never had troops.." So tell me, if they never had troops in homes, then why did 3/4th's of the States ratify the third amendment? Duh?
"I was poor in my life, i used to live in apartments" what an arrogant statement. welcome to the rest of America sean. If only your zombie listeners realized how out of touch you are.
Well wrote emkultra. fox is owned my a guy born in Australia. He sold his birthrate by becoming a US Citizen. He is an Immigrant who bought Fox News, BUT a RICH ONE so Fox news does not mind rich Immigrants coming to the USA.
Your country is made up of Immigrants Many more poor then rich. Fox does not like the many! and does not like your new President who was born in the USA by the way! Fox just does not like his colour of his skin.
the only reason why they revolted against the kingdom was because they were getting sick of obeying a stupid king who over taxed and didn't give them the freedom they were dying for.
they revolted for the desire of liberty and a free market.
And 101zulu black people were not given any freedom. Your founding fathers were RACIST and old men. The comman man, woman in 1783 US were no better off after you got rid of us brits. Lucky you had the French and Spanish to help you.
Banks were forced to make loans. lol. Does anybody do any real research anymore? Jeez people, read just a little bit please. I bet it was people on wel fare that were looking to buy a house that took advantage of CRA, you know, that LAW that was put in place by carter and pushed along by GHWB and then Clinton. I guess that LAW forced banks to fight like hell over dept to repackage as real estate backed bonds and sell them as a can't loose deal. Transparent bank practices are good thing people.
Most of those retards are too stupid to have a Bank acct anywhere, The gov' should pass a law to protect you dumb fucks from your own STUPiD Ass'edness! LMAO
I work for one of the largest banks in the US, every day I see people whining and complaing about fee's they didn't know about "Oh nobody told me about that."
SHUT THE FU CK UP, haha I eat your Fees for Breakfast. The only people that get FU CKED by people like me are the DUMB mother fu ckers that don't know what the FU CK their doing and are too GODAMN stupid to know what their getting themselves into.
You all want Daddy to come and tell you how to wipe your ass?
Sub-Prime mortgage contracts are loan sharking, pure and simple. The people who signed the loans lost everything... that's their punishment. The bankers got wealthy. **** the bankers. **** you Sean.
No one complained during Bush's term either the father or the son, or Clinton for real. Now that it effects them and someone is trying to fix it, they are coming out of the woodwork. It's almost laughable. LMMFAO! 4real
Somewhat true. My sons father bought a house. He was paying 1200 amonth for d house. When d rates went up he had to start paying 1800 amonth. Plus he had a rental home. When the recession hit, the lady that was renting it moved. Now he made over 80,000 a year & only one child my son. Everything else he owned was paid for. He still could not fukin pay for both the homes. Then he was fired from Degussa after working there for over 15 yrs & replaced by 10new white guys who neva worked there
They also blame us for Global Warming ( Big Industries Bletch out smoke) (total Fraud), the Wall Street Crooks ((We weren't complaining when they were making money For Us). Mexico Drud Lords shooting People (take away Elmer's old Double Barrel Shot Gun in Idaho).
Fox is so out of touch with reality. Their mantra is capitalism at any cost and to hell with people and their needs. I'm finished putting up with this bullshit.
They give money to the biggest thieves who in return steal more from their customers. This is absolute bullshit and robbery and should result in criminal indictments and convictions.
My wife and i both work full time and a few hours part time. We own a home but can't afford to have kids because we pay out of pocket for health insurance. The cost of basic coverage for 2 individuals is astronomical let alone maternity coverage. All this while wellfare moms keep getting knocked up paid for. While the GOP crusades against sex ed and birth control.
sounds like you or ur wife should go to school so you could get a better job with health care. then you could have kids. go out and better yourself and quit wating for the gov to take care of you. ur granparents did want the gov to take care of them.
and instead of blaming the GOP for the knocked up welfare moms why dont you hold the dems responsible for starting it. or at least making it easy to stay on it. sex ed isnt the reason because most 8 year olds know babies come from fucking so thats a lame thing to blame on the GOP. why don't you demand ur own party to clean itself up instead of blaming the gop for the welfare cost that the dems started and OBAMA sent billions into instead of creating jobs like he was supposed to.
That's funny. You should watch c-span sometime. I was watching white people who could not afford to pay for hospital bills, let go of good jobs just 2 qualify 4 Medicad so that the government, same one that takes care of welfare moms, could freakin pay for their kids surgeries and hospital & dr's visits. Just like foodstamps, bet white people who need food aren't turning down those stamps either huh! Plus just 2 let u know, if white people didn't discriminate they could work
It never occurs to anyone to go back in time and listen to the financial professionals who were warning us years back. The FBI will investigate for a couple of months or maybe even a year. All the while there were financial professionals and professors who were warning us years before this happened. And they range from Libertarian to Liberal.
An FBI report of whom the sheeple THINK is responsible?!! Yeah that's a real gold standard of assessment.
Banks weren't forced to give high interest loans to low income families. The interest - risk ratio argument is bs.
The Banks were making money one way or another selling the loans to the govt. More people could have afforded to keep their homes if they hadn't been swindled.
banks were forced by organizations like acorn that protested bankers homes for denying unqualified applicants. they were also under pressure from democrats like obama who happens to have a long history with acorn who happens to have a track record for corruption.
hurkamur: Yes banks were forced -- and of course rates were higher
New York Times - 9/30/1999
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits"
Couple the above w/Democrats fighting Fannie/Freddie regulation -- despite evidence of flawed accounting
Look a few years back when the whole Enron deal happened, our president should have seen then, something was WRONG with our economy. But instead it was ignored and made worse. So now we are where we are now...god Hannity is so stupid. It's like he talks and talks and never really ever says anything
what would you expect the prez. any prez to do knowing there is something wrong with the economy. the prez runs the country not privet businesses. any gov intervention from either side always makes things worse never better. If the gov cant run the post office without running billions in deficit what makes you think they could help a troubled economy.
Wondering why the author deleted comment by Tooltalk below.....who merely expressed an opinion that the crash was caused by Dems adherence to Keynesian economics and the Federal Reserves use of artificially low interest rates to prop up the economy. Hmmm.......
i cant understand how anybody could disagree with this man(michael moore)...likewise idk how anyone could be so blind to agree with the nonsense spoken by hannity
Im not rich like Moore is. Moore is the one saying that capitalism is evil. if he thinks we should share the wealth he should lead by example and share his wealth.
The man lives in a modest home and drives a 5 rear old mini van. I'd bet that he makes plenty of charitable contributions. Some people don't broadcast their good will constantly. The Carter admin did f-up by lowering credit standards, He was trying to give everyone the chance to realize the American dream regardless of race. This shit didn't hit the fan until the Reagan deregulations.
the man is worth in the millions. he needs to set the example and give away his worth or keep getting called a Hypocrite. and how do youy know what he drives unless he broadcast it as if to say. "ya im a sell out but i drive a 5 year old van so just ignore the fact im worth millions" and the american dream is to pursue happiness. no where does it say the American dream is credit you cant afford. so ya carter fuct up to help people who just had to work hard and act responsibly.
first off you don't know his financial situation. Second the banks knew that the people they were giving loans to couldn't afford them in the long run, but it didn't matter to them because they would bundle the toxic assets with other debts and sell them off as quickly as possible. The fact of the matter is low income families were targets! The Congressional republicans practically championed Clinton's deregulations . And in the long run the Bush admin bailed the banks anyway.
i know he's a millionair and is enjoying his wealth and not giving it to poor people and in the long run OBAMA bailed out the banks when he signed the stimulus and gave then billions of ur tax dollars(ur grankids are gonna have to pay that money back) obama/dems and acorn forced the banks to give those loans or the would be protested & denied operate over state lines the banks could give money to acorn instead of giving loans(sounds forced to me)and obama has a long history with acorn funny huh!
I agree with Moore that the poor of this country don't have the assets to collapse the entire economy... but investment banks do. Packaging and selling all the loans they could possibly get and turning big profits fast. So mortgage brokers lie and give loans out like nothing cause they sell just them right away to the Ibankers. No risk for them. No risk for the Ibankers. Now that it blew up, the little guys take the fall while the CEO's fly off into the sunset
I never liked Michael Moore before.... his past movies. But there seems to be more truth on his side than Hannity's. I know too many innocent people who got taken by the greedy banks...
"the AMOUNT OF MONEY IS LESS NOW THAN IT WAS THEN. "
I'm not sure what this is supposed to mean. If poor people have less money now than they did then, why do they have so much more stuff now. How are they able to afford so many more things? Last time I checked you have to have money to buy stuff.
How can you say I have no debating skills when everything you say makes my point for me? All you keep saying is "personal computers/cell phones didn't even EXIST thirty years ago."
HalfLucky: You are really dumb. Salesmen loose their jobs when they don't sale. Ethics always fall last in business. Put the two together and you have a monster. When you have someone being told they have been approved to buy their 1st house, especially a family that had been dreaming of having one for years- they become easy prey. The buyers were responsible for their individual failures, but the deception behind the loans caused the fall. Everybody was concerned about their own bottom dollar
It's funny you bring up commission because I don't seem to remember there being a huge problem with selling houses before the government mandated that mortgage companies start offering sub-prime loans. Loan officers weren't losing their jobs in record numbers because houses weren't being sold. When you set the mandatory standards so low that most of the people you're offering your loans to now can't afford them, and you're being forced to sell, who's fault is it then?
I mean it's not like the lenders were going out of their way to go even further below the mandated sub-prime high-risk loans that the government said they now had to offer. There's a reason they didn't offer them before, and there's a reason that they have stopped offering them. The buyers and sellers on wall street were the ones really pulling the strings here. If you want to get to the meat of the discussion attack those that are really at fault. It wasn't the lenders, or buyers in most cases.
Hannity is anything but brave. He got Moore on his show for the ratings, figuring he could do his usual bullying routine and look cool on camera...not this time.
I recorded this interview and watching it, I was mindblown how poorly the show was executed. The cutaways were completely awkward, especially the ending. And this was the best Fox could do with Hannity editing-wise? Wow, he must have really gotten his ass whipped this time if what they showed was the best they could cut up in editing.
Uhh, what is the debate even about? The mortgage crisis was caused by ACORN and liberals forcing banks to give home loans to people that KNEW they couldnt afford it. They couldnt pay, so the government had to. Democrats created the worst crisis since Carter, another democrat, and before him.. all the way back to the Great Depression. Silly liberals. Michael Moore is a terrible hero to have.
Acorn and liberals caused the crash? Do you have any idea how rich Wall St bankers became while they were crashing the economy? How many of the Wall St. bankers making over a million a year are members of Acorn? You're a partisan nitwit.
The government never made the banks to anything they didn't want to do themselves. The banks run the government, not the other way around. If the banks truly objected to any gov't ruling against them, they would be in the Supreme Court arguing in ten minutes.
Yet another Fox host with an aversion to facts. This guy got owned by Moore.
The numbers Moore is citing were released by the FBI and still ... this tarded hosts doen't know how to concede a point or acknowledge the facts he's being presented with.
Fox ain't news or journalism. It's crappy infotainment. I don't really dig Moore's style but he's shaking things up in a good way.
Moore has his facts correct...and folks who are excited about buying a home--a HOME--and are told by the mortgage company that they can afford it, actually BELIEVE what they are being told. If it was a huge dream of yours to own a home, you'd believe it too. If that mortage company told me I don't need to read the contract, that they've made sure I can afford it, I would believe them. Now, I'm not that naive...but at some point you want to believe!
Ok i dont get it, If a company gives loans to people that cant prove they can pay them back, then doesnt it die? did they know they were gonna get a bailout?
i know some people were naive and thought they were being looked after. and i know there were people who lost there jobs. But i mean come on moore, your saying nobody had the common sense to read there contracts and do the math prior to buying a house?
Those mortgage companies bundle the loans and resell them to other companies. They know they're not keeping the loans for the life of the loan. Greed blinds them to the fact that what they're doing is downright sinful.
so other companies pay that company to take that loan off there hands,and so now that person owes this company?why would that company buy it from another? who the fuck figured that was a good idea?
Thanks to the Democrats you said? I'm no Democrat but who held control of Congress 1995-2007 with a Pres in there for six of them??? If you were CEO of big bank with hundreds of billiions in assets, and congress "forced" you to make bad loans that you knew mathematically would ultimately destroy the economy, how long would it take you to get on the phone and unleash dozens of lawyers into Washington to squash the idea or take it to the Supreme Court? Big banking scammed America for trillions.
All the money, knowledge, and power lies with the criminal mortgage activities Wall St unleashed upon the American public....there's not enough money, knowledge, and power amongst the "victims" to bring down the entire economy.
I'm tired of this 'self-responsiblity' argument. It's a red-herring. Any twelve year old can understand self-responsibility. But when an expert con man (think Bernie Madoff) rips off billions of dollars, you don't blame the victim for his expertly executed CRIME.
C'mon, Moore, the borrower (who isn't a child) has a responsibility too in this mess as does the lender as does the government. I'd like to see this FBI report.
The rape analogy doesn't work. A rape victim has something forced on her. A borrower knowingly agrees to take something he/she wants.
I'm hardly a defender of Acorn, but Acorn was the one who informed the FEC of the fraudulent registrations. Also, there's no evidence that one single person ever voted due to one of those fake registrations. Acorn sucks, but it's hardly the culrpit here. The real villain is the banks.
Socialism is the opposite of deregulation and privitization. Clinton and Bush together did more to deregulate the financial sector than anyone before them. Reagan, by the way, oversaw the greatest expansion of government spending in history. Calling Obama a "socialist" is a smokescreen argument.
My opinion is that I liked MM, but he came off as the bully in this one. These are tough issues that require kid gloves - my advice to MM is to be abrasive in his movies and conciliatory in his interviews - there's a much bigger picture beyong being "pwned." If you don't own a house & stocks, and don't pay for your own insurance, probably shouldn't be allowed to post on this.
asparaguspee Conciliatory to a shark ? Hannity has no morals , he pulls quotes out of his unsourced ass.... MM quotes the FBI and Sean just says no. It's ridiculous to be conciliatory to a known bully and liar. MM states the facts, that is ALWAYS considered bullying to a bully, because bullies cannot handle facts.
Sean Hannity is getting paid for being so stupid. It's not possible for a person who lives in states and does not understand the cause of the economical crisis.
"These people have been deceived and exploited"?are you fcking kidding me "VICTIMS"?if you are poor you shouldn't be buying a house! and if you are stupid you shouldn't be signing your name to a legal document! liberals think you have the "right" to own a house-you have the right to work hard,get a job, save your money-then if you can afford to buy a house,you buy one.This is the reason the housing market collapsed,banks are at fault too but you know what you can afford. personal responsibility
I have friends who worked as brokers who say they expect to go to hell for the shit they pulled on unsuspecting borrowers. Traditionally, it worked like this. You go to the bank with your TWENTY percent in savings for a down payment and sit there and SWEAT IT OUT while the bank determines if you are worthy of a house. With loosened banking regulations, suddenly unsuspecting people are being SOLD into disastrous loans by used car salesmen brokers. It's called taking advantage of the less informed
"Couldn't these people have got a lawyer to look it over?" This comment truly shows the fantasy world Hannity lives in.
How many average families can you see hiring lawyers to look over paperwork for them - even if they did, there are no lawyers who could make sense of the algebraic nightmare that was in subprime mortgage contracts.
Don't let Moore-on deceive you, he's a capitalist using psych against fools who suck up his hypocrisy while he lives in a Mansion. How many licks does it take to figure out why those the left are so easy to fool?
Michael Moore isn't a hypocrite because he states in the video "I'm not against capitalism, I'm against what capitalism has become". He obviously makes money off of telling the truth about greedy corporate giants the sent our country's wealth overseas YEARS ago.
You sir, are following a republican trend of denial lately, and its obviously not working. Even Fox news is admitting the public option is needed, and I never thought I'd see the day....
wow.. He's not against capitalism genius. He's against what capitalism has become in this country, a joke. The rich get richer, and the poor suffer because of it.. Watch the movie.. even if ur a conservative i promise it won't kill you.
He did explain in this video that he isn't against it and is against what it has become. You should pay attention to what he is saying instead of simplifying everything.
No he's not saying that. I take it you haven't seen the movie.
He's saying this isn't your fathers capitalism.
It is a fact that many of the world's economies are no longer producing wealth from goods, but from money.
Making money from trading money and risk...ie. credit default swaps leveraged at 30 to 1 odds.
I'm sure Moore would be perfectly happy to go back to capitalism the way we think of it - the profit motive leading to wealth creation and better lives.
Let me get this straight. Anyone who doesn't agree with you should be shot in the 'fucking' face? I have an idea, instead of shooting myself why don't you pull the tampon out of your ass crack.
Republicans are the scum of the earth. They are the laughing stock of the world. Do what the rest of the world does.... laugh in a racist scumbag Republicans face.
You understand laugther, tears, and sex and the city, you understand fear, frustration, depression and what the maintream media tells you. Thats your NEWS SOURCE! Oh YAY!...What if I could choose what I wanted them to show you, you'd be like jim carry in the Trueman show (movie). A good comfy place, we'll protect you, make money on you, and keep the show online 24/7/365. You need to ask questions, demand more, stand out, and make this world a better place for the future, better than what you got
I heard Michael Moore has a small penis. I also heard he has shit stains on his underwear. Wait! -- it gets worse! -- Apparently Michael Moore lodges small rodents in his ass crack. I also heard Moore once offered Elton John a $100,000 to suck the cum out of his ass hole. Finally, I was told Moore puts Twinkie filling on his nut sack and has his dog spit shine his puny cock.
Not only do Conservatives give more money to the poor they are the poor, most poor people are Conservatives that is why they give money. Liberals like fatso moore and Dave the Chearter Lettermen keep all the money for themselves, they are Nazi socialist morrons like all the rest of Hollywood where they won't even let Conservatives be famous celebratees
Actually most conservs are middle class, the extremely poor and rich are the libs, you are right about conservs donating more though, the margins are huge
Fuck Fox News.
ImoenOfTelengard 2 months ago 2
Does anyone have a definitive answer on whether or not the banks were legally out-of-bounds in relaxing the regulations on lending to subprime borrowers? I've heard both that they acted illegally and that the government allowed or even made them do it. Who's right? I've tried researching this myself but haven't been able to get to the heart of it. I know Obama launched a probe into it, but the results didn't answer my question.
xplorva 3 months ago
Banks have nothing ($0) invested in your mortgage. When you signed your promissory note, the bank deposited it as a security upon which they could "lend" 9 times as much. Then they handed you your own money which you created with your signature. Then they charged you 3 times that much plus collateralized (risked) your home for the service of book keeping entries.
stopdemockery 3 months ago
It's bad when the rich are getting richer and the poor are becoming poorer. The top 1% can be taxed a lot more and it would not put a dent in their pocket one bit. But they now control congress and are filling up their wallets. They know once we run out of oil the economy will fall and they will be safe. Revolution is in the near future.
QuickStang5o 4 months ago
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hey if yall want sean hannity to be out of the job, sign the petition at
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bossrube53 6 months ago
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hey if yall want sean hannity to be out of the job, sign the petition at
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bossrube53 6 months ago
Brian Beach will suck your dick for a 6pc McNuggets meal.
sammydavisjrsr 6 months ago
Fox network...too much money but short on brains.
jjpeterson1 7 months ago
hannity should be tarred and feathered for the corporate tool that he is. this guy is a shameless hack. his behavior is criminal.
BigOldMrKnish 8 months ago
Can't wait till fat-ass socialist Michael Moore needs a quadruple bypass and dies on an operating table in Cuba cuz he thinks they have better healthcare. Have another doughnut Michael.
Democrat Barney Frank was the House Finance and Banking Chairman at the time, the guy in charge of oversight of Fannie. You can go on youtube here and watch his dumbass say there was no problem right up to the crisis! Guess who was Frank's largest campaign contributor? Fannie. Why isn't that fucker in jail?
gcxred4kat9 8 months ago
Sean is one sorry ass dumb fuck that as always, does not know what he's talking about. Like he said Stupid Ass Sean, the FBI means just that. Federal Burea of Investigation. Hey Michael. An intelligent person such as yourself can't reason with a dumb ass like Sean Hannity.
WilliamHCarney 10 months ago
Im a libertarian and I do think michael Moore has it partially right but his answer to the question is scary. Yes, we do not produce things as we once did but why is that? We are over regulated, over taxed, and nobody saves because interest rates are too low. Yes, poor people do not have the assets to cause the financial crisis that happened, however, he does not say that their assets were tied with bigger and richer people's assets. Sean Hannity embarrasses my side with the way he argues
wannabestudd 10 months ago
@wannabestudd While I agree that taxes are too high and regulations are a burdon the main reason for production decline is large corporations shipping jobs overseas (where people work for a few dollars per day) to boost profits. Also agree that Hanity is an embarrassing idiot.
zklarer 9 months ago
Fannie and Freddie have long been crucial to the US housing market, guaranteeing or owning roughly 50pc of the residential mortgage market. Including Federal Housing Administration loans, the government has been responsible for about 95pc of mortgage origination between 2008 and 2010, according to a Bank of America analysis.
mikehanoo33 11 months ago
Moore is a crazy communist.
guilhermefreire48 1 year ago
It would be easier to watch this if Hannity didn't ejaculate loudly every time Moore was halfway through a sentance
Edenhyde246 1 year ago
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violafinishda 1 year ago
Before this crash happened, I lamented the system by suggesting that in the Western world, economic growth was largely being enjoyed by a small segment of the population, and the concealing factor in all of this...was the accessibility of debt. There's no doubt that there is a benefit of global trade...however I suspect we've gone too far too fast, and as a result, the most vulnerable are being sacrificed for the good of further enriching those with the most!
andell1 1 year ago
Sean Hannity is such a loser.
raybari 1 year ago 7
Hannity is a pro-corporate hack, its a shame
monkeyman1140 1 year ago 7
I believe this is some of his best.
ErichoTTA 1 year ago
I have a friend in Los Angeles who has been doing miracles with home loans. He is an affiliate of one of the largest originators of loans in California, so commonly he gets the loans done "in house." He also has a huge rolodex full of other loan resources who can handle more difficult loans, super jumbos and other problem loans.
Try his website at mortgagehelplosangeles. There's current rates and mortgage calculators to help you find out what you can afford and can qualify for.
radwik77 1 year ago
They both present facts of truth neither is completely wrong or completely right but if either of these clowns think their arguments are ironclad their just discarded douchebags.If people learn to be truly objective in their reasoning and discernment on political matters I'm sure they'll find the truth is neither to the left or ring but always somewhere in the middle.
And the fact remains the lenders are the real tricksters/swindlers who KNOW what they are doing.Hannity might be getting senile.
babytheirgreatlol 1 year ago
@babytheirgreatlol
The unfornate part is Hannity protects the top 1% over the 95% Moore is protecting.
5LiterRapesCAMAROaSS 1 year ago
@5LiterRapesCAMAROaSS I see your point there, after all, the public is so customized to hinge off every word from the media and politicians that we've entrusted them on nearly every decision we make.That's why I don't fully comply with hannity's remarks about the consumer not taking accountability for their borrowing.You see it everywhere in the media, newspapers and advertisements "BORROW! BORROW! BORROW!"...is it any wonder why we're a nation of debt?
babytheirgreatlol 1 year ago
A biased fox news presenter ... shocking.
I feel sorry for the American public with mass media like that. American dream? More like nightmare these days.
wrestlereview1 1 year ago
Did Michael Moore just throw out that FBI statistic? 80%. HOooey, hogwash. Link it to me. Oh, and if you are bankrupt by medical bill's, you clam bankruptcy, you don't lose your house... All people that are in subprime mortgages have been deceived, exploited and swindled. Yea, right. I know it happens, but every one???
This crisis is due to the failure to regulate and giving mortgages to people that didn't qualify.
billdavis19 2 years ago
Fox Propaganda Crazies have turned Socialism into a dirty word. Rupert Murdoch(billionaire with a dog in the fight) hires idiots to do his dirty work for him.If Socialism is so bad why does Socialist Norway have more millionaires than America? Why does Socialist Europe? Why? Check it out for yourself
VVGrules 2 years ago
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R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
ghostlaw1980 2 years ago
They both don't understand that the primary source for our trouble with the banks has been the Federal Reserve. The Federal Reserve has many ways of manipulating the banks . For example, the Federal Reserve controls how much these banks have in reserves, which directly affects the risks that they are going to take. Michael Moore should make a documentary on the corruption of the Federal Reserve.
clevebrowns3 2 years ago
"I was poor in my life. I lived in apartments..." LMAO.
michi0522 2 years ago 2
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I love you, Michael Moore!
seltian 2 years ago
god damn it that is so wrong!!!
who the fuck is spoon feeding you this bullshit?!
101zulu 2 years ago
Nice, you almost convinced yourself that you were right now go look at what you wrote. Are those flip flops going to the beach with you? Now that you agree with me this "convo" is now over. Cheers mate!
huckfinntwentyeight 2 years ago
You're funny. And your attempt to cover up your lack of knowledge if hilarious. Calling me names or daydreaming about my ass and how happy it is won't help you either. If you didn't want other people to comment on your bone-headed comments then don't post them on the internet. Duh? So, the "common folk" had nothing to do with revolting, I guess it was only our Founding Fathers that revolted no one else, Hun? Put down your paint chip sandwich and read, man! Do you live under power lines?
huckfinntwentyeight 2 years ago
hannity is a man walking blind, it is a shame that jounalism has networks like fox, dont do anything more but complain about how someone they think is going to take their money. No solutions what so ever
lio77744 2 years ago
@XxManOManxX Slow down and do some homework before spattering off at the mouth about the American Revolution. Your sub - GED level of education isn't going to cut it on this made up BS. For your homework assignment I would like for you to look back to the Quartering Act which expired in 1764 in New York. "They never had troops.." So tell me, if they never had troops in homes, then why did 3/4th's of the States ratify the third amendment? Duh?
huckfinntwentyeight 2 years ago
WRONG!!!!
6969kbrizzle 2 years ago
"I was poor in my life, i used to live in apartments" what an arrogant statement. welcome to the rest of America sean. If only your zombie listeners realized how out of touch you are.
emkultra 2 years ago
Well wrote emkultra. fox is owned my a guy born in Australia. He sold his birthrate by becoming a US Citizen. He is an Immigrant who bought Fox News, BUT a RICH ONE so Fox news does not mind rich Immigrants coming to the USA.
Your country is made up of Immigrants Many more poor then rich. Fox does not like the many! and does not like your new President who was born in the USA by the way! Fox just does not like his colour of his skin.
yot5000 2 years ago
Bless you Sean the very audience you cater too dozens have lost their homes. Theyre bigger morons for watching you and your network!
ElCholoCon1Corazon 2 years ago
the only reason why they revolted against the kingdom was because they were getting sick of obeying a stupid king who over taxed and didn't give them the freedom they were dying for.
they revolted for the desire of liberty and a free market.
101zulu 2 years ago
And 101zulu black people were not given any freedom. Your founding fathers were RACIST and old men. The comman man, woman in 1783 US were no better off after you got rid of us brits. Lucky you had the French and Spanish to help you.
yot5000 2 years ago
okay lol well now i have no idea what the hell you are talking about....
haha we went from FBI to founding fathers, which i have no idea why they have any relavence to this conversation. =/
101zulu 2 years ago
exactly he doesn't have any.
he is a big fat ass hypocrite who uses capitalism to bash capitalism!!!
we don't even have a free market so the "points" that he makes against "capitalism" that we have can't really be accurate.
because the government is involved in as well.
101zulu 2 years ago
Hannity should check the facts and take some lessons in economics instead of simply stating his misinformed personal opinion.
princetupek 2 years ago
umm.....they aren't facts dude.
101zulu 2 years ago
ummm..yes they are boy
martini1900 2 years ago
michael moore is pretty fucking dumb
101zulu 2 years ago
Banks were forced to make loans. lol. Does anybody do any real research anymore? Jeez people, read just a little bit please. I bet it was people on wel fare that were looking to buy a house that took advantage of CRA, you know, that LAW that was put in place by carter and pushed along by GHWB and then Clinton. I guess that LAW forced banks to fight like hell over dept to repackage as real estate backed bonds and sell them as a can't loose deal. Transparent bank practices are good thing people.
bassmasterkt 2 years ago 3
Most of those retards are too stupid to have a Bank acct anywhere, The gov' should pass a law to protect you dumb fucks from your own STUPiD Ass'edness! LMAO
SergeantKillAlot 2 years ago
I work for one of the largest banks in the US, every day I see people whining and complaing about fee's they didn't know about "Oh nobody told me about that."
SHUT THE FU CK UP, haha I eat your Fees for Breakfast. The only people that get FU CKED by people like me are the DUMB mother fu ckers that don't know what the FU CK their doing and are too GODAMN stupid to know what their getting themselves into.
You all want Daddy to come and tell you how to wipe your ass?
SergeantKillAlot 2 years ago
Welcome to the good old usa lol
yot5000 2 years ago
Sub-Prime mortgage contracts are loan sharking, pure and simple. The people who signed the loans lost everything... that's their punishment. The bankers got wealthy. **** the bankers. **** you Sean.
YentaY0 2 years ago
No one complained during Bush's term either the father or the son, or Clinton for real. Now that it effects them and someone is trying to fix it, they are coming out of the woodwork. It's almost laughable. LMMFAO! 4real
daangell321 2 years ago
Sean suffers from cognitive dissonance, and ignorance, and arrogance.
Yankhadenough 2 years ago 2
Sean is a dork. He seriously needs to take a lesson from Ross Perot - - man has one mouth and 2 ears and should use them accordingly.
Snowflake70 2 years ago
Well I don't like Mike but he's got a good point.
The Bank or Lending Institutions should have said NO, your a bad loan, we will not give you a loan.
And he said
DarkMonkArt 2 years ago
Somewhat true. My sons father bought a house. He was paying 1200 amonth for d house. When d rates went up he had to start paying 1800 amonth. Plus he had a rental home. When the recession hit, the lady that was renting it moved. Now he made over 80,000 a year & only one child my son. Everything else he owned was paid for. He still could not fukin pay for both the homes. Then he was fired from Degussa after working there for over 15 yrs & replaced by 10new white guys who neva worked there
daangell321 2 years ago
They also blame us for Global Warming ( Big Industries Bletch out smoke) (total Fraud), the Wall Street Crooks ((We weren't complaining when they were making money For Us). Mexico Drud Lords shooting People (take away Elmer's old Double Barrel Shot Gun in Idaho).
DarkMonkArt 2 years ago
Fox is so out of touch with reality. Their mantra is capitalism at any cost and to hell with people and their needs. I'm finished putting up with this bullshit.
protester 2 years ago 2
They give money to the biggest thieves who in return steal more from their customers. This is absolute bullshit and robbery and should result in criminal indictments and convictions.
protester 2 years ago 2
My wife and i both work full time and a few hours part time. We own a home but can't afford to have kids because we pay out of pocket for health insurance. The cost of basic coverage for 2 individuals is astronomical let alone maternity coverage. All this while wellfare moms keep getting knocked up paid for. While the GOP crusades against sex ed and birth control.
hurkamur1 2 years ago
sounds like you or ur wife should go to school so you could get a better job with health care. then you could have kids. go out and better yourself and quit wating for the gov to take care of you. ur granparents did want the gov to take care of them.
hoodrichbadrich 2 years ago
and instead of blaming the GOP for the knocked up welfare moms why dont you hold the dems responsible for starting it. or at least making it easy to stay on it. sex ed isnt the reason because most 8 year olds know babies come from fucking so thats a lame thing to blame on the GOP. why don't you demand ur own party to clean itself up instead of blaming the gop for the welfare cost that the dems started and OBAMA sent billions into instead of creating jobs like he was supposed to.
hoodrichbadrich 2 years ago
hurkamur1,
That's funny. You should watch c-span sometime. I was watching white people who could not afford to pay for hospital bills, let go of good jobs just 2 qualify 4 Medicad so that the government, same one that takes care of welfare moms, could freakin pay for their kids surgeries and hospital & dr's visits. Just like foodstamps, bet white people who need food aren't turning down those stamps either huh! Plus just 2 let u know, if white people didn't discriminate they could work
daangell321 2 years ago
Guys like Hannity don't even pretend to base their opinions on fact.
doctender77 2 years ago
Why'd Hannity have such a hard time with those straight forward questions and facts?
B/c they weren't scripted or and the facts couldn't be skewed. Not his game I guess.
sbmrnr74239 2 years ago 2
Man, this interview must have been rough for the Republitards. Hannity got busted for:
-lying about going to Church (Hannity said he went to Church 2 days ago but doesn't know what the sermon was about when Moore asks him)
-showing a vacant building and claiming it was a hospital with 3 seconds of actual video in a hospital inserted into the middle
-being compeltely ignorant (this video) "I disagree!" Not a reason, Sean, sorry.
The GOP as it stands today is dead. Stick a fork in it.
picklebarrels 2 years ago 3
FBI?
It never occurs to anyone to go back in time and listen to the financial professionals who were warning us years back. The FBI will investigate for a couple of months or maybe even a year. All the while there were financial professionals and professors who were warning us years before this happened. And they range from Libertarian to Liberal.
An FBI report of whom the sheeple THINK is responsible?!! Yeah that's a real gold standard of assessment.
sdmatt1975 2 years ago
Hannity's so thick he doesn't even know when he's getting his ass handed to him.
PolyQuasi 2 years ago
Banks weren't forced to give high interest loans to low income families. The interest - risk ratio argument is bs.
The Banks were making money one way or another selling the loans to the govt. More people could have afforded to keep their homes if they hadn't been swindled.
hurkamur1 2 years ago
banks were forced by organizations like acorn that protested bankers homes for denying unqualified applicants. they were also under pressure from democrats like obama who happens to have a long history with acorn who happens to have a track record for corruption.
hoodrichbadrich 2 years ago
hurkamur: Yes banks were forced -- and of course rates were higher
New York Times - 9/30/1999
"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits"
Couple the above w/Democrats fighting Fannie/Freddie regulation -- despite evidence of flawed accounting
2010GOP 2 years ago
When you grow up you'll get better perspective on reality. Good luck, son.
flocked 2 years ago
At 3:18, Sean puts his finger on the real cause. Moore does nothing but lie.
philosopheromone 2 years ago
Look a few years back when the whole Enron deal happened, our president should have seen then, something was WRONG with our economy. But instead it was ignored and made worse. So now we are where we are now...god Hannity is so stupid. It's like he talks and talks and never really ever says anything
kengel001 2 years ago 2
what would you expect the prez. any prez to do knowing there is something wrong with the economy. the prez runs the country not privet businesses. any gov intervention from either side always makes things worse never better. If the gov cant run the post office without running billions in deficit what makes you think they could help a troubled economy.
hoodrichbadrich 2 years ago
Wondering why the author deleted comment by Tooltalk below.....who merely expressed an opinion that the crash was caused by Dems adherence to Keynesian economics and the Federal Reserves use of artificially low interest rates to prop up the economy. Hmmm.......
CribNotes 2 years ago
every interview I see with michael moore against the opposition he always twists the argument any way he can.
opinion56 2 years ago
i cant understand how anybody could disagree with this man(michael moore)...likewise idk how anyone could be so blind to agree with the nonsense spoken by hannity
ThaPremiere1 2 years ago 2
if ur so smart. explain it to us. Moore is rich. why doesn't he donate 95% of his worth to the needy?
hoodrichbadrich 2 years ago
Would you?
luvmetender 2 years ago
Im not rich like Moore is. Moore is the one saying that capitalism is evil. if he thinks we should share the wealth he should lead by example and share his wealth.
hoodrichbadrich 2 years ago
you don't know he doesn't
hurkamur1 2 years ago
hannity bet him to do it the other night. he didnt say i already do. he said.hahahaha!
hoodrichbadrich 2 years ago
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nynjahen 2 years ago
The man lives in a modest home and drives a 5 rear old mini van. I'd bet that he makes plenty of charitable contributions. Some people don't broadcast their good will constantly. The Carter admin did f-up by lowering credit standards, He was trying to give everyone the chance to realize the American dream regardless of race. This shit didn't hit the fan until the Reagan deregulations.
hurkamur1 2 years ago
the man is worth in the millions. he needs to set the example and give away his worth or keep getting called a Hypocrite. and how do youy know what he drives unless he broadcast it as if to say. "ya im a sell out but i drive a 5 year old van so just ignore the fact im worth millions" and the american dream is to pursue happiness. no where does it say the American dream is credit you cant afford. so ya carter fuct up to help people who just had to work hard and act responsibly.
hoodrichbadrich 2 years ago
first off you don't know his financial situation. Second the banks knew that the people they were giving loans to couldn't afford them in the long run, but it didn't matter to them because they would bundle the toxic assets with other debts and sell them off as quickly as possible. The fact of the matter is low income families were targets! The Congressional republicans practically championed Clinton's deregulations . And in the long run the Bush admin bailed the banks anyway.
hurkamur1 2 years ago
i know he's a millionair and is enjoying his wealth and not giving it to poor people and in the long run OBAMA bailed out the banks when he signed the stimulus and gave then billions of ur tax dollars(ur grankids are gonna have to pay that money back) obama/dems and acorn forced the banks to give those loans or the would be protested & denied operate over state lines the banks could give money to acorn instead of giving loans(sounds forced to me)and obama has a long history with acorn funny huh!
hoodrichbadrich 2 years ago
I agree with Moore that the poor of this country don't have the assets to collapse the entire economy... but investment banks do. Packaging and selling all the loans they could possibly get and turning big profits fast. So mortgage brokers lie and give loans out like nothing cause they sell just them right away to the Ibankers. No risk for them. No risk for the Ibankers. Now that it blew up, the little guys take the fall while the CEO's fly off into the sunset
jim381 2 years ago 8
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Megamediaplex 2 years ago
this is the first time i saw Moore act like a professional during an interview. he's growing up.
hoodrichbadrich 2 years ago
i agree he doesnt get phased by the hard questions like he used to this time around
Vidabonds 2 years ago
It's hard to believe Hannity when his paycheck comes from sponsors (Wall Street) who were perpetrators in this whole mess.
ecpasos 2 years ago 3
I never liked Michael Moore before.... his past movies. But there seems to be more truth on his side than Hannity's. I know too many innocent people who got taken by the greedy banks...
ecpasos 2 years ago 7
The media lie and still get payed.
Just like the government do still get payed.
WhatCanIsay100 2 years ago
"the AMOUNT OF MONEY IS LESS NOW THAN IT WAS THEN. "
I'm not sure what this is supposed to mean. If poor people have less money now than they did then, why do they have so much more stuff now. How are they able to afford so many more things? Last time I checked you have to have money to buy stuff.
pholland 2 years ago
How can you say I have no debating skills when everything you say makes my point for me? All you keep saying is "personal computers/cell phones didn't even EXIST thirty years ago."
Um, precisely, that's my whole argument.
pholland 2 years ago
Michael Moore is a complete idiot. He's a typical liberal who thinks everyone's a victim.
HalfLucky 2 years ago
The ENTIRE country is a victim to the financial meltdown inflicted upon us by money grubbing freaks on Wall St. And it ain't over yet folks...
CribNotes 2 years ago 3
There are no victims. We live in America. People are only victims of their own stupidity.
HalfLucky 2 years ago
If a con man says to a judge
"there are no victims here. We live in the USA. People are only victims of their own stupidity"
the judge will laugh at him and throw him in jail.
CribNotes 2 years ago
HalfLucky: You are really dumb. Salesmen loose their jobs when they don't sale. Ethics always fall last in business. Put the two together and you have a monster. When you have someone being told they have been approved to buy their 1st house, especially a family that had been dreaming of having one for years- they become easy prey. The buyers were responsible for their individual failures, but the deception behind the loans caused the fall. Everybody was concerned about their own bottom dollar
seyiitoldya 2 years ago
It's funny you bring up commission because I don't seem to remember there being a huge problem with selling houses before the government mandated that mortgage companies start offering sub-prime loans. Loan officers weren't losing their jobs in record numbers because houses weren't being sold. When you set the mandatory standards so low that most of the people you're offering your loans to now can't afford them, and you're being forced to sell, who's fault is it then?
sedatedlife18 2 years ago
I mean it's not like the lenders were going out of their way to go even further below the mandated sub-prime high-risk loans that the government said they now had to offer. There's a reason they didn't offer them before, and there's a reason that they have stopped offering them. The buyers and sellers on wall street were the ones really pulling the strings here. If you want to get to the meat of the discussion attack those that are really at fault. It wasn't the lenders, or buyers in most cases.
sedatedlife18 2 years ago
Good job, Michael! I admire Hannity that he at least is brave enough to invite Michael Moore in his show :)
RTSOKOVA 2 years ago
Hannity is anything but brave. He got Moore on his show for the ratings, figuring he could do his usual bullying routine and look cool on camera...not this time.
I recorded this interview and watching it, I was mindblown how poorly the show was executed. The cutaways were completely awkward, especially the ending. And this was the best Fox could do with Hannity editing-wise? Wow, he must have really gotten his ass whipped this time if what they showed was the best they could cut up in editing.
CribNotes 2 years ago 7
to numbskullandahalf
I have a bridge that I am just putting on the market. I'll give you first dibs and a great deal.
You can trust me - I believe in family values - you don't need to read the fine print - sign on teh dotted line.
emmielou72 2 years ago
Abraham Lincoln: Republican.
Martin Luther King Jr: Republican
Our next president: Republican
numberoneandahalf 2 years ago
Uhh, what is the debate even about? The mortgage crisis was caused by ACORN and liberals forcing banks to give home loans to people that KNEW they couldnt afford it. They couldnt pay, so the government had to. Democrats created the worst crisis since Carter, another democrat, and before him.. all the way back to the Great Depression. Silly liberals. Michael Moore is a terrible hero to have.
numberoneandahalf 2 years ago
Acorn and liberals caused the crash? Do you have any idea how rich Wall St bankers became while they were crashing the economy? How many of the Wall St. bankers making over a million a year are members of Acorn? You're a partisan nitwit.
The government never made the banks to anything they didn't want to do themselves. The banks run the government, not the other way around. If the banks truly objected to any gov't ruling against them, they would be in the Supreme Court arguing in ten minutes.
CribNotes 2 years ago 4
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tooltalk 2 years ago
i was poor, i lived in apartments.... damn i didn't know that i was poor by living in an apartment
roughraod 2 years ago 3
Yet another Fox host with an aversion to facts. This guy got owned by Moore.
The numbers Moore is citing were released by the FBI and still ... this tarded hosts doen't know how to concede a point or acknowledge the facts he's being presented with.
Fox ain't news or journalism. It's crappy infotainment. I don't really dig Moore's style but he's shaking things up in a good way.
dandar 2 years ago
Moore has his facts correct...and folks who are excited about buying a home--a HOME--and are told by the mortgage company that they can afford it, actually BELIEVE what they are being told. If it was a huge dream of yours to own a home, you'd believe it too. If that mortage company told me I don't need to read the contract, that they've made sure I can afford it, I would believe them. Now, I'm not that naive...but at some point you want to believe!
The incredible greed of corporations amazes me
parus55 2 years ago
Ok i dont get it, If a company gives loans to people that cant prove they can pay them back, then doesnt it die? did they know they were gonna get a bailout?
i know some people were naive and thought they were being looked after. and i know there were people who lost there jobs. But i mean come on moore, your saying nobody had the common sense to read there contracts and do the math prior to buying a house?
badmudda 2 years ago
Those mortgage companies bundle the loans and resell them to other companies. They know they're not keeping the loans for the life of the loan. Greed blinds them to the fact that what they're doing is downright sinful.
parus55 2 years ago
so other companies pay that company to take that loan off there hands,and so now that person owes this company?why would that company buy it from another? who the fuck figured that was a good idea?
badmudda 2 years ago
Ladies and Gentlemen
Sean Hannity has Brain Shit Syndrome...
my question is why on earth does anyone watch someone who has Brain Shit Syndrome unless you have Brain Shit Syndrome.
uniquemetal 2 years ago
Thanks to the Democrats you said? I'm no Democrat but who held control of Congress 1995-2007 with a Pres in there for six of them??? If you were CEO of big bank with hundreds of billiions in assets, and congress "forced" you to make bad loans that you knew mathematically would ultimately destroy the economy, how long would it take you to get on the phone and unleash dozens of lawyers into Washington to squash the idea or take it to the Supreme Court? Big banking scammed America for trillions.
CribNotes 2 years ago
All the money, knowledge, and power lies with the criminal mortgage activities Wall St unleashed upon the American public....there's not enough money, knowledge, and power amongst the "victims" to bring down the entire economy.
I'm tired of this 'self-responsiblity' argument. It's a red-herring. Any twelve year old can understand self-responsibility. But when an expert con man (think Bernie Madoff) rips off billions of dollars, you don't blame the victim for his expertly executed CRIME.
CribNotes 2 years ago
C'mon, Moore, the borrower (who isn't a child) has a responsibility too in this mess as does the lender as does the government. I'd like to see this FBI report.
The rape analogy doesn't work. A rape victim has something forced on her. A borrower knowingly agrees to take something he/she wants.
FiendsInRedSatin1 2 years ago
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gone2cast 2 years ago
I'm hardly a defender of Acorn, but Acorn was the one who informed the FEC of the fraudulent registrations. Also, there's no evidence that one single person ever voted due to one of those fake registrations. Acorn sucks, but it's hardly the culrpit here. The real villain is the banks.
swckswck 2 years ago
Socialism is the opposite of deregulation and privitization. Clinton and Bush together did more to deregulate the financial sector than anyone before them. Reagan, by the way, oversaw the greatest expansion of government spending in history. Calling Obama a "socialist" is a smokescreen argument.
swckswck 2 years ago
Greed is good
newbombturk99 2 years ago
Does anyone know why they canned my channel? They do it every time I put up the pics my boyfriend took
LaurelCowgal 2 years ago
Michael Moore could say the world is a sphere, and this fox news guy (no matter how much facts there are) would still believe the world is flat.
idiots these days.
WTFhuh1 2 years ago
My opinion is that I liked MM, but he came off as the bully in this one. These are tough issues that require kid gloves - my advice to MM is to be abrasive in his movies and conciliatory in his interviews - there's a much bigger picture beyong being "pwned." If you don't own a house & stocks, and don't pay for your own insurance, probably shouldn't be allowed to post on this.
asparaguspee 2 years ago
asparaguspee Conciliatory to a shark ? Hannity has no morals , he pulls quotes out of his unsourced ass.... MM quotes the FBI and Sean just says no. It's ridiculous to be conciliatory to a known bully and liar. MM states the facts, that is ALWAYS considered bullying to a bully, because bullies cannot handle facts.
Yankhadenough 2 years ago
Wow fox news is so bias, courageous of Moore to even go on this retarded interview
draconis228 2 years ago
Sean Hannity is getting paid for being so stupid. It's not possible for a person who lives in states and does not understand the cause of the economical crisis.
heixxx 2 years ago
I need to watch his movie. I really liked Fahrenheit 9/11 and Sicko, I know I will like his new one.
Go to my channel is 4 a good cause but don't subscribe 2 me.
04ray25number2 2 years ago
Another conversation that needs 6-8 hours of debate. These tid bits just don't do it. Both sides have good points.
soloinpomona 2 years ago
Hannity got pwned by moore lol. Micheal Moore might be bias but he does make a good point about making money off of money.
Jonathanmcole 2 years ago
"These people have been deceived and exploited"?are you fcking kidding me "VICTIMS"?if you are poor you shouldn't be buying a house! and if you are stupid you shouldn't be signing your name to a legal document! liberals think you have the "right" to own a house-you have the right to work hard,get a job, save your money-then if you can afford to buy a house,you buy one.This is the reason the housing market collapsed,banks are at fault too but you know what you can afford. personal responsibility
urprobablywrong 2 years ago
I have friends who worked as brokers who say they expect to go to hell for the shit they pulled on unsuspecting borrowers. Traditionally, it worked like this. You go to the bank with your TWENTY percent in savings for a down payment and sit there and SWEAT IT OUT while the bank determines if you are worthy of a house. With loosened banking regulations, suddenly unsuspecting people are being SOLD into disastrous loans by used car salesmen brokers. It's called taking advantage of the less informed
CribNotes 2 years ago
"Couldn't these people have got a lawyer to look it over?" This comment truly shows the fantasy world Hannity lives in.
How many average families can you see hiring lawyers to look over paperwork for them - even if they did, there are no lawyers who could make sense of the algebraic nightmare that was in subprime mortgage contracts.
brettmineer 2 years ago
brettmineer Hannity may as well have said that poor people can afford a butler and maid once they move into their modest mortgaged home
Yankhadenough 2 years ago
Hannity=pwned
fossiltatwood 2 years ago
If Hannity thinks people defaulting on mortgages could cause an economic collapse of this magnitude he doesn't understand simple mathematics.
Mortgages bet against at 30 to 1 odds by Wallstreet caused exponential damage, triggering other sectors to fall like dominos.
brettmineer 2 years ago
Hey look mom, he likes it, hey Mikey!
Don't let Moore-on deceive you, he's a capitalist using psych against fools who suck up his hypocrisy while he lives in a Mansion. How many licks does it take to figure out why those the left are so easy to fool?
Zile77 2 years ago
Zile77:
Michael Moore isn't a hypocrite because he states in the video "I'm not against capitalism, I'm against what capitalism has become". He obviously makes money off of telling the truth about greedy corporate giants the sent our country's wealth overseas YEARS ago.
You sir, are following a republican trend of denial lately, and its obviously not working. Even Fox news is admitting the public option is needed, and I never thought I'd see the day....
bundlesjr 2 years ago
good point about the roast beef...
dave850 2 years ago
Sean Hannity is a dick bomb
kindweed 2 years ago
This is the utter truth sean hannity is a lowlife rich kid who was given his life and now laughs and belittles poor people.
699backstab 2 years ago
Michael Moore is such a pathetic joke. Why is he against capitalism when he's profiting so much from capitalism? Hypocrite.
christininator 2 years ago
wow.. He's not against capitalism genius. He's against what capitalism has become in this country, a joke. The rich get richer, and the poor suffer because of it.. Watch the movie.. even if ur a conservative i promise it won't kill you.
xmarcs 2 years ago
He did explain in this video that he isn't against it and is against what it has become. You should pay attention to what he is saying instead of simplifying everything.
Cyrusthevirus 2 years ago
No he's not saying that. I take it you haven't seen the movie.
He's saying this isn't your fathers capitalism.
It is a fact that many of the world's economies are no longer producing wealth from goods, but from money.
Making money from trading money and risk...ie. credit default swaps leveraged at 30 to 1 odds.
I'm sure Moore would be perfectly happy to go back to capitalism the way we think of it - the profit motive leading to wealth creation and better lives.
We don't have that.
brettmineer 2 years ago
I heard Michael Moore screams out the words -- KARL MARX! -- right before he shoots a load on some Mexican whores filthy nipples.
MrMuffStench 2 years ago
Every American who does not what universal health care, (like Canada) should be shot in the fucking face.
t6reaper 2 years ago
Let me get this straight. Anyone who doesn't agree with you should be shot in the 'fucking' face? I have an idea, instead of shooting myself why don't you pull the tampon out of your ass crack.
MrMuffStench 2 years ago
americans = PWNED
jonklow96 2 years ago 4
Republicans are the scum of the earth. They are the laughing stock of the world. Do what the rest of the world does.... laugh in a racist scumbag Republicans face.
themanyouwishyouwere 2 years ago
This has been flagged as spam show
You understand laugther, tears, and sex and the city, you understand fear, frustration, depression and what the maintream media tells you. Thats your NEWS SOURCE! Oh YAY!...What if I could choose what I wanted them to show you, you'd be like jim carry in the Trueman show (movie). A good comfy place, we'll protect you, make money on you, and keep the show online 24/7/365. You need to ask questions, demand more, stand out, and make this world a better place for the future, better than what you got
jospos0 2 years ago
I heard Michael Moore has a small penis. I also heard he has shit stains on his underwear. Wait! -- it gets worse! -- Apparently Michael Moore lodges small rodents in his ass crack. I also heard Moore once offered Elton John a $100,000 to suck the cum out of his ass hole. Finally, I was told Moore puts Twinkie filling on his nut sack and has his dog spit shine his puny cock.
MrMuffStench 2 years ago
I hear your education is not above your local community college level
utube793 2 years ago
Who gave you premission to respond to my comment? You have a lot of nerve.
MrMuffStench 2 years ago
What the fuck is "premission"? Fucking retard.
kruger04 2 years ago
I almost forgot. Marilyn Manson is a no talent ass cock.
MrMuffStench 2 years ago
This has been flagged as spam show
Do NOT click on my name...
slappy1234567 2 years ago
1:30 is the only true thing Hannity says, hes a loser.
snuffyguff 2 years ago
Hannity = pwned
bwet0 2 years ago 2
Not only do Conservatives give more money to the poor they are the poor, most poor people are Conservatives that is why they give money. Liberals like fatso moore and Dave the Chearter Lettermen keep all the money for themselves, they are Nazi socialist morrons like all the rest of Hollywood where they won't even let Conservatives be famous celebratees
Blukinski 2 years ago
Actually most conservs are middle class, the extremely poor and rich are the libs, you are right about conservs donating more though, the margins are huge
SoberandDisorderly 2 years ago
...that's because most artistically oriented people are liberals.
CribNotes 2 years ago
moore is an asshole
09090985 2 years ago
lets stik car in mikal mores but. haha!
cbeck62 2 years ago
ime a republikan. i thinc it bad that hanity wus ohned by mikal more like this. me sad. hanity is smarterer than mikal more.
cbeck62 2 years ago
I would pay good money to see Michael Moore get tied to a tree and beaten with a baseball bat.
chuck2571 2 years ago
"that's like asking a girl how short was your skirt, after being raped." that's so mean but oh so hilarious
DCaladoMMA 2 yea