Subprime Meltdown

[michaeljackson200]

The sub-prime meltdown goes back to 1994, when Clinton created a National Homeownership Strategy that got risky borrowers to take out mortgages that they couldn't pay back. This was a real bad idea. So many houses are getting foreclosed on;That is not a good thing. It is both Clinton's fault for allowing these loans to be given and the fault of people who are considered risky borrowers for getting these loans.

[avinalaf]

Sub Prime debt?Why dont they call it by its real name "Cunt Loans".Also,anyone who has seen the pig faced scum that work on the dealing floors of all stock exchanges will know that this downturn isnt just about Cunt Loans - its also about putting your economies in the hands of greedy self opinionated fuck wits that couldnt care less about their own mothers,let alone anyone else.Theres also the little matter of $billions being wasted on blowing up Iraq and Afghanistan-but thats a whole new story!

[tdw3566]

One of the dumbest things I've ever seen. Couldn't watch the whole thing. Stupid.

[Chrissyb007]

That was very entertaining, simple and accurate. And what has happening to all the evil sub-scum lenders ???

[CusterFlux]

Talented guys - but a little too smug about it, it shows, and hurts the funny.

[CharityAngel]

Most people losing their homes actually work. They were just living pay check to pay check, and then the prices increase and suddenly they are behind on their gas bill, their car insurance you name it, they hit the poor hard, and then after they lose their homes it will continue on up.

[Karanth]

You don't spend more than you earn. Thats common sense, something the rednecks lack.

[matthighlife]

we the people, are all idots for allowing this debt ridden illution continue

[TYX91101]

Society recedes as quickly on one side as it advances on the other.

[Antiworld23]

Well the equal lending act did not help either. Giving home loans to minorites even though their income is lower and they are a huge credit risk.

[LaRoucheisright]

Lyndon LaRouche is the only one with a solution that will save the real productive economy, by putting a firewwall between the speculative debt that is collapsing, and the savings of the average family. larouchepacdotcom

[jarvis1211]

Quit buying shit you can't afford! I know that practicing some sort of fiscal responisibilty is a crazy concept but it actually works!!

[dave98503]

I worked in the West S.F. valley facility for 4.5 years at Countrywide. They hired ghetto women with no background checks. They would lose your files and throw McD's wrappers around the file room. They were always smoking, fat, bipolar, argumentative, lazy, scary looking, and did not give a rats ass about anything but themselves. I was glad to be laid off on Feb. 1st. They laid off a good worker! I piss on them.

[clockwork1971]

Let us not forget that European Banks didn't bother to look at what they were buying. As a currency trader, it is my job to know these things in and out. Welcome to a new world-wide recession, albeit minor.

[ubornthick]

American banks are now a thing of cent1mental value ,a penny for their thoughtlessness.

What is the caloriffic value of their subprime paper ,perhaps Burnhanky can tell us before he uses it for a deposit

[gzies1]

American Financial Institutions have pulled off the biggest scam that the world has ever seen. Once this scam is simpified as in this video...it is hard to believe that anyone fell for it.

[matthighlife]

global financial institutions

[kellencolewright]

lawl

[msanchez007]

That's exactly what happened. The worst part is the central bank bailing them out.

[cumfiesta69]

You filthy British cocksuckers. Brush your teeth.

[GaryNull]

LOL . . good explanation