Hank Paulson "The Worst is Just Beginning" in Housing

[chimstack]

For your sake, my sake, and this country's sake, don't be pundits. Educate yourselves on the past, learn how it has brought us to the present, and decide for yourselves, not because the media has decided for you. The reasons we are where we are today is all very well documented in legislation passed by the congress and the senate going back many decades. It's not funny, but scary if you think a few people would collapse the world's economy in order to get rich...and to think you get to vote...

[billyorbit]

Stuttering Idiot.....



[thepurpleroomchannel]

Why is he not sharing a cell with bernie maddoff??

[ZsubzeroheroZ]

illuminati faggot!!!!!!!!!

[capricious71]

Either he hates public speaking or he's wrestling with his conscience.

[eggsontheside]

At 1:30 after his long-winded bullshit, he half-bites his bottom lip. That is clearly a sign of guilty lying.

[MsMihailescu]

The Communist soul is the soul of Judaism.Hence it follows that,just as in the Russian revolution the triumph of Communism was the triumph of Judaism,so also in the triumph of fascism will triumph Judaism.

(A Program for the Jews and Humanity,Rabbi Harry Waton,p.143-144)

We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America

(The Jew,December 1925,Zinobit)

This book detail their plan for America,it is free on internet.

Who Is Esau-Edom.

[flipthepenny]

hank paulson is a crackhead scumbag duschbag. he could go fukemself, perio.d

[mogambo55]

The only way this guy could help the economy is to drop dead!!

[traingp7]

Can someone repost this video with the subtitles at the bottom saying WHAT HE IS REALLY SAYING. You know fuck the poor I only care about my own ass and the rest.

[CGpolTV]

You can just hear the shakiness in his voice . . .

[Ian7570]

"the worst is just beginning....(whispers) for you guys, I'm getting rich off of this"

[MrTabby5000]

is he a jew?

[flipthepenny]

@MrTabby5000 , hes a cocksucker.

[winstonm44]

T...T...TODAY JUNIOR!

[jay1pizza]

can not people see thru this scheme and that its all manipulated and these political addressers are in on it.WTF is wrong people.These bastards love to cause suffering.We all have toetags, you present this toetag when you wanna buy something which is money? the others ones are preaccessors to use the money which is SS Card and Birth Certificate,DL.They own everything and repossess it back when the child (you) gets out of line.Why not just exempt mortgages?/ see the scam now.they are not human!

[Mattessj]

actually i agree.. Paulson is a Shyster.but there must be some powerful bodies behind the scenes calling the shots.

[Mattessj]

everyone blames paulson... some of the shithouse socialistic policies were introduced by the Democrats during the Clinton Admin

[edo5555]

this is a video about paulson. how could you not blame him for his incopetence. just like in this video, he said numerous times that our economy was well and that our bankking system was sound.areyou stupid? or do you just like shedding out money to these fucken money driven tyrants. look up paulson. see how fucken crooked he is

[artyphax]

Is Paulson a Jew?

[JG1085]

Hes a f'n retard really.

[jbryant13]

"the fallout in subprime mortgages is "going to be painful to some lenders, but it is largely contained. "We have had a significant housing correction in the U.S."

Hank Paulson

March 13, 2007

[sherloxhome]

Paulson looks like IGOR after back surgery

[jbryant13]

LOL !!

[kkklownknight6699]

Paulson looks like he's about to shit his pants.

[polesee777]

Hank take a very deep breath and say the word "Recession" then take another deep breath and say "Depression" !!!!!!!!!!!!

[PilatusPorterPC6]

paulson SUCKS COCK!!!!!! He is a PIECE OF SHIT!!! Anybody that thinks different...FUCK YOU PUSSY!!!!!

[garyowen4ever]

henry paulson looks like the 1920's NOSFERATU AKA DRACULA,,,,,,HE IS A BLOODSUCKER.

[randomgong]

haha. i was just thinking that. i want to see a side-by-side!

[PCoderch]

THIS GUY DESTROYED THE USA!!!!!!!

[8data]

THIS GUY SAVED THE USA!!!!

BIG BANk HANk!

[hittingrabbit]

I think preventing the adjustable rate mortgage increase would do more good than bad,it is however difficult considering the prohibition of the "States from creating any law that impairs the obligation of contract".

The best way to help the economy is do away with this Global idea,limit incorporating,regulate banking/Insurance end NAFTA,set the weights and measures of the USD to gold and silver.maybe stop allowing any leveraging of the nations GDP.

[p717]

This is partly to stave off financial war with China, who are highly invested in American housing debt. This has nothing to do with Paulson being on "our side", even if he actually is. We have an entourage leaving with this administration. They're taking the money and running.

[p717]

Lame excuse for transfer of wealth. Fuck em'. Let the rich starve, because money is all they had..no skills, no talents, no contribution whatsoever.

[dirknowitzki2hdcp]

Okay, W.Buffet, Bill Gross and a handful of other leaders fully support the job Paulson is doing. He may not be a great public speaker, but this country will thank him one day. We have a choice, lending freezes, employment goes to hell or go w/a solution similiar to the S&L. Oh and, read Paulson's Wikipedia and you'll see he plans on donating his entire net worth to environmental causes...He's on our side people

[8data]

Hes an an american great! Go Ben! go Hank!

Stop the sleaze, stop the greed, save middle class, small families!

[gjmvi]

He looks like Dr. Cox from Scrubs.

[Champizfast]

This Paulson motherfucker wants $700 Billion and cannot complete a sentence.

Um NO!!

[8data]

he hesitates to complete the words because he is a serious person with deep abilities to make it happen, not youtuber!

[vudufire]

"$1 Trillon dollars"...this guy is dr. Evil!!

[KARStarla]

If the economy is at risk why the hell dont he just put a halt on those interest rates going up? Wouldnt that be a better option then sending out a stimulous check?

What? heres a few bucks (that dont buy shit) and that will make you able to hang tight? lol

These guys know exactly what they are doing or they are morons. Someone said it right earlier, this is a "controlled demolition" of the economy.

I wonder what next? A solution such as the AU or everyone living under trees?

[nepharious06]

Dont forget that people work for Fannie and Freddie. a lot of smart low level folks. yes the executives that make all the money should pay for misjudgements but what about common folk

[qzg1265]

Where is the outrage in this Country over what him and Bernanke are doing? Where are the investigations for the heads of these firms as we the taxpayers are on the hook for all this garbage? Wake up you docile moronic Americans and demand more from your elected officials as the CEOs of these firms are walking away from their lies and Fraud with millions. Helicopter Ben and Bazooka Hank.

[bpknapp63]

Let Freddie and Fannie sink, and let's take their worthless management down with them. As for shareholders, well, you assumed the risk, now pay for it. I don't have an ounce of sympathy for any of you.

[johnlewisharris]

High Gas prices.

High Food prices.

Tax being wasted on military disasters.

Houses being foreclosed.

Oil at a record high.

Ye may have torn the head of Saddam Hussein, but he and Bin Laden are laughing their ass off at the economy they have created in the USA and worldwide, yet the average fat yank cant see through their country's foreign policies. Yes march blindly on, sing the anthem and see everything go down the pan.

What a shower of fuck-wits.

[TonyLearner]

John, I can't quarrel with your points ... you said it correctly. End of story.

[itisgrave]

very well said....

[8data]

yeah, and hes responsible for that, he puts himself out there after managing usas only center of excellence in financial sector, and hes been married for 39 years

the man is all-american to the core

[dave98503]

I looked out my window and don't see anything

bad happening.

screw this guy. we are just in a rough patch as Dick Cheney, my hero, has said.

this is complete b.s. I see no problems ahead, only good times.

[Renentet]

Cheney said that huh? And i bet you are voting for McCain for more of these lies? Good old boys network. Bush is the richest President EVER! Think about that.

[Renentet]

stop looking out of the window and get out and look at yourcommunity. People are living beyond their means.

[gibsonrockin247]

THis Guy is really stupid, a theif working for rich people bailing them out of the bad situation they got themselves into. And we are going to pay for that. Overinflated housing and bad loans[[ Let the thing crash]]

[JSan898123]

yeah, let the whole fucking thing go down. Who gives a shit?

[JSan898123]

Sometimes i think this guy is really stupid. He left Goldman Sachs, a job that was paying him 50 to 100 million a year, to become tres. sec. The economy is going down, china wont revalue its currency, sub prime, and the credit crunch. hank went from the beaches of st. Tropez to the curbs of skid row.

[8data]

he helped USA manage the 97-98 financial crisis in asia

if it werent for him, USA would be worse off than it is now

and he is still passing on the costs to other countries

USA is fortunate to have him, if not, bushs errors would be far worse

[garyowen4ever]

WALL STREET STOOGE!

[garyowen4ever]

LIAR!

[kng863]

With higher foreclosures, come higher gas and food prices. We will hit hyperinflation in a few years and we're all in trouble. Commerce will cease and taxes/living costs will collapse on the middle class. Stock market can only go down from such a high injection of credit. The economy is on life support. Bear Stearns collapse. Foreclosures will rise. Unemployment will stablize when people realize employers won't fire workers who are working for such a 3rd world weak dollar.

[kng863]

It's not Paulson or Bernanke's fault. They weren't the ones sitting at the lending desk giving borrowers loans. When loans hit 600k, something was just outright wrong with the economy as no longer middle class (anything under 100k) could afford. There's nothing defining affordability limits when banks issues loans.

[gushing123]

you are right jp, paulson stutters alot he was a big fish a golman sachs these peole dont give a shit about common folk

[jizzmonger]

"to wit: 'It's getting worse, so we're going to take out a huge loan from Check N'Go, er, the Fed, and send you a pittance, hoping that you don't notice that we're doing our best to destroy the middle class."

It's a shame that no one has the balls to be candid anymore. Remember that Hank Paulson is also an "environmentalist" who is in 100% support of cap and trade.

[Shawneha]

America=Hypocrisy

A deception for more power

[codediporpal]

Being a homeowner is 2X as expensive as a renter in the SF Bay Area. Unless of course you assume the price of you're house doubles every 7-10 years. But of course that was always a false assumption, since *real* incomes have to pay those mortgages, and creating cheaper loans is no longer possible. So why pay the 2X? Housing has a LONG way to fall, and it's not just because of subprime.

[quick1kungfu]

Homeowners who owe more than their house is worth and facing forclosure will have a difficult time even trying to rent a place to live in the near future. We need to focus our attention on the real problem at hand; how FIRREA helped American's pay more than what their home is now worth.

[quick1kungfu]

Too many people believed they had to purchase for fear of being priced out on the market. Jobs and wages have not kept pace with the increase in P.I.T.I payments. To make matters worse there was far too little mention of the possibility that home prices were over-valued until it was way too late. 

Bottom Line: Banks will be able to write off their bad debt and move on.

[mmmata]

huh? economy has been growing in the face of this housing crisis? wha? what an idiot...if he doesn't seen the connection of the housing market to today's economy, he should step off..

[JP5466]

All mumbo-jumbo. This man is a criminal and should be in jail. Listen to how many times he stutters. Hank and Ben are professional liars.

This silly stimulus package will NOT work, either will the 30 day foreclosure freeze... which is beyond ridiculous!

[freedomsadvocate07]

This is why we need Ron Paul.

[Silverfilm]

to wit: 'It's getting worse, so we're going to take out a huge loan from Check N'Go, er, the Fed, and send you a pittance, hoping that you don't notice that we're doing our best to destroy the middle class.'

[DennyMclain2008]

hank paulson is a former ceo of goldman sachs. they made millions if not billions on the housing bubble crash. very suspicious... they always seem to make money off of the people suffering. something stinks here.

[gobee53]

YeeHaw 7$ an hour jobs for all our kids.Thanks for the deficit Georgie Boy. Hey look how much Exxon is making. Just passing on the costs, my wrinkled ass!..there I feel better.

[dinuba1951]

Housing prices in California are falling at the rate of 2% or more per month. If your home is still worth $400,000 you are loosing $8,000 a month in home value. Fresno California is declining at 3% and some areas as bad as 4% per month loss.

[kimintexas]

The transfer of wealth is just beginning, they are gonna "throw the dog a bone" and hope he doesn't notice!

[bbburton]

The real stimulus package is to get rid of the fed and get rid of the IRS. RON PAUL for PRESIDENT!

[BostonBeatnik]

Get ready for a giant flushing sound.

[jibbi4one]

Stimulus, oh...that's peachy throw out some chump change around election time and hope for some votes your way.

That's the oldest political trick in the book. Try something new for once, like build a real economy toward prosperity.

[freedomsadvocate07]

watch?v=UNdHd3TXruc

[yayarea41507]

The Worst is Just Beginning!!!

but the economy is gonna grow???

DOESN'T LOOK GOOD

[DillonX]

Does everyone remember the FAUX idiots screaming on TV that if we just give massive tax cuts worth billions of dollars to the top 1% everything in the economy would be fantastic?

[ChristopherReich]

Please tell me that you don't think the "massive" tax cuts had anything to do w/ this?

This happened for two reasons:

1) Banks make horrendous choices in their underwriting criteria.

2) People were stupid and got themselves into adjustable rate mortgages that had increases they couldn't afford.

....and if anyone things a one-time check to low income households is going to help the economy then you need to take some business classes.

[Matty2Tone]

He's not saying the tax cuts are the cause. The point is they advertised the tax cuts by saying they would stimulate the economy which makes no sense if you look at it objectively, then the economy proceeds to take a dump all over itself. We need to stop falling for these Reaganomics shenanigans.

[AzoolM]

The tax cuts did stimulate the economy.  The people who thought they could afford much larger mortgages because of the better economy made it fail (along with the banks poor choices)

[djtomr941]

THat reporter asked a stupid question. OF COURSE PRICES WONT RISE IN 06!

[kopi3nnn]

Nice try, Hank....no one is buying your bullshit...er, except maybe Bartiromo, Kudlow and Cramer and the other gangsters on tv.

[LuciusBrutus]

If everything is so great why do we need all this ... stimulus. More steroids for the monster economy might just be enough to kill the beast.

[iam420king]

"The worst is just beginning - We ALL know that..."

Nnnnnnno kidding Hank. What a retard.

[SushiHorn]

Man he looks nervous. I bet he's a terrible poker player.

[drumm23]

"The worst is just beginning - We ALL know that..."

//look of shock on faces of bankers in room

//strange smell permeates

//smells like somebody crapped themselves

[drumm23]

"we all know that"

Ohhhh do we Hank?

Not so sure about that one.

[ciberwarrior]

Of course we know, it's simple maths. If it takes ARM mortgage 2 yrs to readjust, and assuming the people losing the house give it a fight till 1 yr after readjustment, and the housing boom and ARM mortgaging continued till well into early 2006, then we will see more of the same till mid '09 or till whenever homeowners can fight off foreclosures.