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you need $700,000 just to get in
sha370z 2 months ago
Did anyone go to jail over the mortgage fraud?
zograp1 4 months ago
-MERS is a criminal operation, but also- 'speculators' "flipping-houses" in a frenzy were a huge part of problem (-should have been required to pay 50%-Dwn.Pmt.), -their greed drove-up prices, causing legitimate house-buyers (sole-property live-in) to pay an artificially inflated-price! Thus, Foreclosure-court Judges need take far more lenient view of legitimate Sole/home-buyers that paid a substantial down-payment, but became impacted by downturn of the economy and resulting loss of income..!!
AryanKnight 4 months ago
The power of the CDO, who owns what again?
masticina 4 months ago
...@3:55 it takes some really big rotten balls to come on tv and lie to your face and pretend what you did was right...someone shoot that POS!...
SteveSabbai 5 months ago
THIS - MY FRIENDS IS WHY WE SHOULD NEVER APPROVE HANK PAULSON OR BEN BERNAKE'S BAILOUT OF CROOKED "INVESTMENT BANKS." THE GOVERNMENT IS THE PROBLEM JUST AS MUCH AS THE INVESTMENT BANKS AND THE CROOKED MORTGAGE LENDERS.
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OnlineAutoAuctions 5 months ago
Both the banks and the borrowers were idiots.
MrBodiddly86 7 months ago
6:41-6:46
That couldn't have been articulated better!
Posmeallie 8 months ago
Why did they tell mei could afford it?? WTF? You brought home $1,600 dollars a month and you didn't know you couldn't afford a quarter millon loan?? Your an idiot
gsrhatch14 1 year ago 2
Its simple. If you cannot afford a home don't buy it. its just the fault of Wall Street as it is the buyer. I mean, they even admit it in this program. THEY DIDN'T READ THE ENTIRE DOCUMENTS. If you want to take out a $500,000 loan you do the math yourself, don't leave it up to the big corporations to do it for you because your are the one who is going to end up in the street, not the CEOs.
marick626 1 year ago
"wallstreet packed it in a way " i wonder what is wallstreet packing these days ?
dan020350 2 years ago
You heard what you wanted to hear. The mathematics is simple. "X" is how much you owe. "Y" is how much you make. "Z" is how much you'd have to pay plus all your expenses. Equals: "CANT PAY IT."
unytcommsys 2 years ago