7/12/08 Mr Mortgage on the Fannie/Freddie Crisis

[believersunderground]

the bigest con man in the room, not smartest God will send these murderers to Hell. one tril. is 1,000,000,000,000 that $3295 for every man woman and child in the USA or $149 for everybody on the plant!! it's enough to end world hunger. The World Bank runs the world now I have a copy of their plot New World DisOrder. Scott (BUG)

[loonmaniac]

You suck horse cock?

[believersunderground]

@loonmaniac BROOM!!!!

[HomesteadProvocateur]

This guy is HOT.

[cds162]

mr. Mortgage

where are you?/ no new vids since summer 2008...

whats up?

[FreedInPieces]

You speak really fast. Are you a salesman or coke head?

[MacksYasgur]

Dude, you clearly don't know what the fuck you are talking about. Get off the Meth and quit spreading bullshit tha tisn't true.

Jeff Mack

[RydanDenali]

why dont we americans go on strike by just stopping?

[UTubeConspiracy]

the thought has crossed my mind. If TAXES go up I may just cut back on every thing in protest. Oh and leave the country.

[Susieshepherd]

Mr. mortgage...would you mind sharing your opinion of Bernanke?  Thank you for the videos

[kunsura]

Great information on how the housing market operates and the infamous credit institution, great video.

[Twopecshaker]

why the fuck should that tax payer pay for some fucking dicks that over mortgaged and got greedy...

[LeeHarveyOswald63]

Fannie Mae; Home of crooks and political hacks, playground for legal robbery of the American taxpayer.

[freddytuber]

Depression is coming! Buckle up.

[davidluk8]

ALL congressman/congresswomen should take watch your video before they decided to bailout FNM and FRE.

[Hirisk2298]

well another scam another bailout...hilarious

to no end-

give this nonsense one more bailout, than it is all over- kiss your economy good bye!

[nasanction]

Sorry but the housing bill passed. Were all screwed again by bankers. How do they get away with taking our money on both sides of the market? I refuse to debt a another dollar! I refuse to pay for bankers! I refuse to pay for politicization! I refuse to pay for everyone else's greed! NO MORE CREDIT! NO MORE FEDERAL RESERVE! NO MORE FANNIE OR FREDIE! NO MORE OIL FROM OVER SEA'S NO MORE WAR! This country is broke because of these things, and we the people pay for it every time! NO MORE!

[mindtraveler2350]

Here Here! Get the word out. Any ripple counts.

[haole80]

lets just live like hippies or the amish

[mjc1377]

im not paying taxes-hell with them-they take me to court and ill counter sue the government for this ripoff of a bailout of fannie and freddy and I dont even own a house I rent-but us americans wont do a damn thing-the FED IS STEALING FROM US-WELL THEY BEEN STEALING FROM FOR YEARS BUT THIS IS A PIE IN EVERY AMERICANS FACE!!!!!!!!!!!!!!!!!!

[freedomfighterone]

Great video! We've got to shut down that criminal Federal Reserve or it's over for the whole world.

[patriotsundergod]

This guy is 50% Mel Gibson, 100% correct.

[joseney21]

lol, agreed

[mindtraveler2350]

This guy's way to classy to have any Mel Gibson in him.

[MillionthUsername]

Welcome to the fascist state. Big government, big business, big banking. Big scam.

Bernanke should do an infomercial: "Are you a business or government institution or quasi-governmental institution vital to the rich? Market got ya down? Are you in need of some extra cash? Call us! We exist to provide an infinite supply of fiat money just for people like you. We won't let you fail!

Our motto: We make money - and why not?

Call 1-800-FED-CASH now!"

[nitsu19]

I just stumbled across this guy and I have to say he is on point.

[YouChooseASide]

no we dont need them. why should we pay for there non control of there institution. 4.5 bill. is not chump change. If a bank fails then why should i pay the bill. if we take out the risk by leting the fed bail them out then where is the risk? The feds not paying my debt off. If I dont pay it they take and sell it off. If the fed does this for fannie and fredde then there will be no more risk. No wonder the stock went up today to250+.We willneverpaythisoff. I say PULL ALL YOUR CASH FROM THE BANKS

[jaeskola]

Very good insight to this crisis and what is yet to come. I live in Finland(Europe) and here dicussions about F&F has revealed that big byuers of F&F are Russia (position around 130bn), China and Saudi-Arabia. What happens wnen these guys want their money back or stop buying? This info is worrying vs. mondays difficult collectiong of cap of mere 3bn!

[motonegros]

And another big 5 stars for MM!

My bird likes his vids too.

[1000You2b0001]

The hazard is that the revolution is underway.

[gapoom]

Fantastic - hey, I was wondering - I've got some money in a gnma fund, should i pull it out? Or put it another way, would you put money in one? thanks

[markmti]

gnma fund is probably as safe as you can get.

[NsaneNtheNbrane]

I'm adding this to my favorites.

[NsaneNtheNbrane]

Wow! This is the best commentary on the mortgage lending crisis I've heard yet. 5 stars from me!

[markmti]

Thanks NSane

[prezmonk]

Americans didn't really care about the phony reasons for war, they're convinced Saddam blew up the towers. These criminals running the show have got about six months of time left to complete the looting process. They had better pray the beer keeps flowing, or they're dead.

[Ambiepants08]

Mr. Mortgage, you've lost weight?

[markmti]

just better make up. Haha.

[compajd1]

Great Vid. Thanks for all your doing to make the public aware of the madness going on.

[djdixxx]

Thanks for all the work on this. I knew this crisis was going to happen, but thanks for fleshing out the story.

Anyway, I think the "housing crisis" was concocted as a scheme to force Americans to retire later in life. Any thoughts on that? Any evidence of that out there? Would make an interesting story, the mortgage crisis as oligarchical conspiracy.

[wpiman]

1/2 the country is renters. The government is inflating the currency to save the housing market: the poor will suffer. It house prices crashed: half the country would benefit. Problem is those are the poor and the government doesn't care about them: they don't pay as much in taxes.

[cjcookie]

Not true, the government is deflating the currency as a consequence of decreasing interest rates to save the housing market. The government does care about "them" because the branch of government that can legislate is run by democrats, not your hated president you idiotic liberal.

[wpiman]

You clearly don't understand cause and effect. The Fed lowered the interest rates to save the housing market.  Basically inflate until the $500,000 house is really worth $500,000. Fine if you are a home owner: if you are a renter, you are screwed.

I am not a liberal: it is a travesty that a government/private agency controls the money supply. It screws the little guy.

Good think I am a fat cat.

[MillionthUsername]

"it is a travesty that a government/private agency controls the money supply. It screws the little guy"

You're absolutely right. There's nothing "free market" about the banking system or the money. If the dollar had to compete with real money, it would be toilet paper.

You know you're living in a contrived system when it takes 30 years of a working man's life to pay for a house (several times over with interest)! How sick is that?!? Think about it. it's absurd.

We're basically serfs.

[bbaxter1a]

Good one hedgie. Five stars.

Keep up the good work.

[reLOVEutionary]

DAM right games are being played. rumors saying fed will lend to fannie and freddie, then they come out denying it friday, and sunday say they are?

this is a joke!!!!!!!!!!!!!!!

[markmti]

stocks already red. They don't buy this. This is another 'buy time and see what happens' move. What a crock of crap.

[Azmodey01]

11 trillion in public national debt = 140% of GDP :O...witch mean a technical national banckupty because at this point Gov cant afford payment...only 2 option remain; they have to de-value(print money) the currency (like germany after ww2)or stop making payment just like urss in 1990's...so if usa declare bankrupt your bonds,t-bill are lost!

[r111111999]

Mark . As usual, total common sense.

You good dude.

[FXNorm]

Hey Mark! I just gave you 5 stars and I subscribed...do I get a discount? Hey guys, help this poor guy out, click on the subscribe

button then click on the star farthest to the right so he gets 5 stars, for those of you that don't know how... Hey mark, great job, keep em comin.

[markmti]

Thanks Norm.

[odin422]

sad thing is...5 trillion could re-make the whole planet, gardens for everyone, no hunger,free energy....... sad really

[2healthguru08]

another well organized, on point and easy to follow assessment of the market. i don't think there is a remote chance in hell that Fannie and Freddie won't be supported by the Feds and ultimately the tax paper.

if the Alt A and prime markets in fact tank at the levels you suggest may be at risk, it will make the "S&L" crisis look like a hiccup by comparison.

for those not risk averse, the PPS of both GSE's are probably a buy, though falling knifes can be bloody propositions.

[mudkip9601]

Amen Mr M. It's time for investors to realize that investments can and do go down, and it's their own fault that they are losing money.

But I disagree that we need Fannie and Freddy. Yes, housing will go into a death spiral when they collapse, but America will pick up the pieces and move on. We'll probably get new GSE's, ones that require 20% down and proper underwriting.

Let pure capitalism decide the fate of F&F. In the end, the country will be stronger for it.

[raspberrygloves21]

I am in the UK but this is relevant to all and needs to be made as public as possible

[ImyManz99]

We don't need any lenders on our side, I want the system to crash to the depths of hell... the longer it takes, the worse it'll get, but the inevitable correction has to happen.

[Elucidate2001]

Great job Hedgie!!!!!

[softearth]

It's all about credit lines, debt creation, fractional banking and margin calls now. Hang on, this is just getting started according to Peter Schiff.

[markmti]

when it all unravels, bad secret things will be exposed.

[HectorSmarties]

Good information on this video. Excellent work, mr. Mortage! :P

[ohio1998]

That's just great Mr. M. Not only are these people deadbeats on their mortgage, now you want to give them free rent for a year? Maybe I should just tell my landlord now that I'm not going to pay my rent. Then I can wait for the po po to show up at my door and throw my shit out on the lawn.

Death spiral?? More like a move down to sanity. Maybe people will start buying when prices aren't over 50% of their income and don't have to sell their souls to the devil. Option arms just started!!!

[markmti]

less inventory and time for them to perhaps come up with a solution. Both support the market somewhat. People need solutioms.

[ohio1998]

nothing will stop the supply of inventory until the housing values go back to pre 2000 levels. How can home prices go up, when wages were stagnant?

Homes are a consumable good not a savings/investing account.

[ohio1998]

Hey Canada,

If your smart you'll dump our dollars and quick. In fact, I plan on trading my dollars for your loonies. I was laughing at your money back in 2002. Not anymore.

Mr. Mortgage,

Your dead wrong. You don't need Freddie,Fanny, or the government to get involved in the mortgage market. We didn't have them 50 years ago, and we don't need them now. This is just another step towards Socailism.

If the poo hits the fan, I'll be moving to Canada!!!!!

[truthsabre7]

The people that run Fannie Mae & Freddie Mac are appointed by G. Bush. Guys who gave bigs bucks to the Bush election in 2000. In other words they don't know jack about banking.

[mourito49]

Mr. Mortgage, Thanks for all the helpful information. Have you considered working in DC?

[markmti]

I already have black helicopters flying over my house. Its either they are worried or my unpaid 2005 taxes. Haha.

[bbuxbaum100]

I was going to say good stuff, but really good information. None of this is good stuff. I wonder if Dodd will need to be bailed out from his Countrywide Mortgage VIP loan.

[dogspawn]

Was that a cow at 3:05?

[DomremySurMeuse]

LOL! I was wondering that, too.

[markmti]

thats one of those silly arse sounds that come out of my computer randomly. I have no clue why that happens. Its always a farm animal too. Wild.

[mndeg]

sounds like a virus or something

[mayorofbalzac]

Mr. Mortgage, it looks like the Feds in Canada have seen the writing on the wall. They just outlawed anything longer than a 35yr amort and established a min down payment of 5%. This will hurt property values, but as you know Rather that hit than this foreclosure mess. Good luck with everything, I learn a lot form you.

[Rustyshackleford08]

We in Canada need to do more to protect our dollar.