Politicians aren't going to do anything because that would be a bailout but, they will bailout Fannie Mae and Freddie Mac and the "big three" car companies.
I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!
We read of deforestation of remaining forests on dead newspaper.
Hemp, electric cars and community-centered living went down the toilet along with people's interest in living strong and free together in rural areas - The People's Marketplace.
We are the leaders we cry for.
Shall we become stewards or lemmings of planet Earth...?
"People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
This is a lesson for the world DON'T BORROW MONEY EVER. The more people borrow the more power banks get. Save your money and buy things in cash. If everyone did that prices would have to fall were people can buy them.
At 2:56 "...have to take our son out of private school", What fool are you? Just leave your house and rent a smaller one, one you can afford! People are so fucking retarded these days. Its unbelievable if you don't see it with your own eyes! This will not end pretty Old Good USA, you will have a civil war sooner than you think!
We need to get our act together as a human race. Stop the competition and start the human collaboration to end scarcity on all levels. We can do it. We have the resources and technology.
@blackknight5050 There is a class-action lawsuit going on in Baltimore against Wells-Fargo because emails leaked stating that the lenders were to specifically target middle-class black folks. Apparently, a lot of folks could have qualified for better loans but the lenders pushed them into sub prime. This is the face of the middle-class that Bush helped destroy.
@dankbot420 ...or maybe it was the Clintons forcing the banks to extend mortgages to what they termed UNDERERPRESENTED people,,,ie poor minorities, The reason the banks wouldnt make the loans before is they knew they would not be repaid.. So Bill and Hill decided to insure the loans with freddy and fanny,,,,,and look what happened? The resulting bubble along with spending of bush collapsed the economey......
@TheRetiredtrucker It was George Bush, not Clinton, who destroyed America. Take a look at his June 2002 White House speech in which he declares his administration will provide 5 million homes to those who can't afford it with the help of Fanny Mae and Freddy Mac.
The relationship between Fannie, Freddie & MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, underscores the entire real-estate / foreclose problem: FRAUD FRAUD AND MORE FRAUD.
Fannie & Freddie "guaranteed" HALF all US Mortgage debt while MERS acted as the "stick up kid" that aided & abetted the securitization of home loans backed by Fannie and Freddie as well as playing the central role in liquidating or foreclosing the property connected to the loan.
@Mudd0000 what? you only think a certain skin color only loses their jobs? lose their home? ohhh wait, i checked your profile your from Canada, you guys have more then enough of your own problems. Separatist party siting on your hill, GST, HST, Ecotax, substandard health care. It's beyond me how any sane person can vote for the liberals, scandal after scandal from Sponsorship scandal to E health scandal to all of this now. Just don't forget to behind over backwards.
@larasa007 ...and SINGLE digit unemployment,great health care (sorry ,,,dont believe all the kool aid lies your press spouts, subsidised drug plans.....and healthiest economy and banks in the g8/20
@Mudd0000 - Excellent question. With "black" president these line should be all white right? Funny, it seems like the opposite has taken place. Wow. Guess nobody saw this coming. (((shaking my head)))
I am sorry to tell you we did this to ourselves' we have no one else to blame for this mess. Let me ask you something? When was the last time any of us bought "made in America" instead of the Walmart cheap sweat shop goods? Go to any Walmart and see how many shoppers there. Yet our local producers are going out of business, and here we are blaming this on everyone except ourselves. Support local producers, thus creating more jobs and keep our money here!!!!
@boswellchrome Bos how can we have tariffs now with Nafta? One good thing thou is we are not getting anymore mad cows from Canada. We should implement the same regulations on other goods.
@ForkYouToo22 people who don't pay there bills have to settle for ARMs because there cred. is bad. with good cred. you can get a fixed rate... until your loan is sold to another bank owned by the same.
@ForkYouToo22 You are correct. I was thinking about this, too. One answer is that many folks who hold these ARMs have poor credit ratings & low income, so the risk of non-performance is high. (Yes, there are always exceptions.)
Further, even though the interest rate on 30-year fixed mortgages dropped to only 4.563% last week (average), this rate is reserved for folks with high credit scores & very solid references. But, I wouldn't buy a house now, because the downside risk is too high.
Global Free trade caused this! You give Greedy US Corporations the Green light to either stay in the US and pay a decent wage, or go to a poor Country with slave labor and this is what you get! The corporations will be fine, but wages will be destroyed in Western countries by design.
The fucking banks are driving the gap between the rich and the poor in America and are eroding the middle class. The banks caused the recession/depression. They are to blame for America's problems, not the government.
THIS IS ALL A MANMADE/POLITICIANMADENEWSMEDIAMADE DISASTER CAUSED MAINLY BY THE BILLIONAIRE OWNED NEWS NETWORKS THAT ARE SELLING TRASH RATHER THAN TRUTH. THEY CEASED TO BE REAL NEWS NETWORKS DECADES AGO AND HAVE CAUSED TOTAL DISINFORMATION AND DISENFRINGEMENT OF WORKING AND POTENTIAL WORKING PEOPLE. BIG MONEY RULES THE DAY IN ALL AREAS OF LIFE. EVERYTHING IS PREPACKAGED AND ALL FITS ONE AND ALL. THE PEOPLE HAVE BECOME TELEVISIONIZED/PROPAGANDIZED BY SPECIAL INTEREST WRONG DOERS AND POLITICIANS.
no no no. Financial terrorists got them in the problem they have now. Financial Terrorists wreak havoc on and destroy economies; not help poor people.
That part was also hilarious when that lady said she told her kids they were coming to see President Obama. If she actually looked at how much this administration has added to the national debt, how much in bonuses were given to big banks with bailout money (2 billion plus), etc. People should really start waking up.
If people only understood that the bank can't legally forclose on your home because they never gave you anything. In fact; the promissary note you sign helps the bank out. It's only verifiable by Supreme Court cases. Don't worry, go back to sleep America, you fuckin puppets.
The Big Banks, Bank of America and CitiBank especially, have launched an economic terrorist assault profiting in foreclosures from the very bad loans they created, destroying America while they count their cash. Enslaving the people shamelesssly and with the help of our Government. Enslavement has begun.
If givernament cared about their people they would do something about this, and force banks from having ridiculous rates. Its just modern criminal, criminals hide behind banks, wall street, governament. They are no better then drug dealers, actually worste.
This whole world is fucked up and it will only get worse.
Well, eventually they'll be on the streets, then with hundreds of thousands of people living on the streets with literally nothing left to lose, maybe then we can forcibly take back our government from these enslavers.
@stangeriam The bankers are the only ones who profited on the way up and down.
They, Godman Shafts and Co. are just as good as Bernie Madoff.
They always win, even if they have to put their own people in the FED first.
What, news alert: Most FED officials worked at Goldman. Hmmmmmmm.
It's nice to know the US taxpayers paid for Lord Blankfiens last 100 million dollar bonus. How much will his contractual paycheck be this year. Or last year, or next year. How much is enough.
Banks set this shitty economy up in order to take control of all private property. Since the dollar is going to be dropped as the standard world currency, the value will drop. This is the bank's way of saving assets. They destroy the economy with their derivatives, kill the housing market, turn mortgages upside down, people walk away after 10-15 years, then forclose and snatch the assets for themselves at half price while making a profit AND getting the original property back. SCAM SCAM SCAM!
@crackerwv Banks do not want private property its worthless to them whats the point of owing property in a housing crash? and also "the dollar is going to be dropped as the world currency"!! I think a reality check is needed and that sort of ignorance and arrogance is what started the trouble.
@howhardgerrard Really...the banks caused this crisis in the first place. The dollar is VERY quickly losing confidence because of the massive derivative trading and credit default swaps. We are losing the backing of the dollar to control the commodities market so it IS losing it's value around the world. If something sets off a dumping of the dollar, we are in deep shit and the dollar will IN FACT, be replaced by another world standard currency. You are a fool if you believe otherwise.
@crackerwv You have misunderstood what my point, which is that the dollar is only the world standard currency in the minds of Americans outside the dollar is not used as mich as you may like to think. Europe for instance is dealing with an mortgage interest rate of between 3% and 6% depending on your deal. The crisis is to do with people wanting what they should not have and living outside of there means.
Jewish bankers are buying up all houses for pennies.These pasties should be removed from America if USA has to prosper.The entire congress is hijacked by Zionist bankers and all money printing is done by Jewish Federal reserve.
It's simple: house prices have to come down. Waaaay down. Down to about 1x - 1.5x incomes. This deflation is going to involve lots of foreclosures and lots of bank failures. Anything that impedes this deflation process isn't helping, it's just drawing out the pain over time.
I have no pity for those who lost their homes because they didn't have a fixed interest rate. They simply didn't research and were prolly talked into an adjustable rate with the hopes that rates would go down. I'm 23 and from a poor family, I just bought some land and the trailer came with it. It looks like the oldest trailer in the world. But I have a fixed rate, and I live poor but I am stress free. Everyone tries to impress others by living outside your means. Fools.
None of this has to happen. All planned. Existing mortgages need to be rewritten, and buyers need to be given mortgages (so owners can get out from under). The mortgages need to be down sized to the real market value.
Dammit! I WILL NOT PAY ONE DOLLAR TO SUBSIDIZE FOLKS WHO NEVER SHOULD HAVE MADE THESE FINANCIAL COMMITMENTS IN THE FIRST PLACE! Look at these people---Would you hire most of them? The feds pushed the Community Reinvestment Act (under Clinton) to lure millions of unqualified people into mortgages, and now those of us who scrimped & saved are going to pick up the tab?.... NO WAY! If you signed a mortgage without reading it or understanding it, you are a cretin---Please don't have kids.
@loveisall1000 Dear lover, I have been to Hell and back, financially, since 1990. I recovered (and paid all debts to zero) through self discipline, self denial, obedience to all laws, lots of hard labor, & hundreds of nights studying through two graduate degrees. Nobody gave me any cash or handouts, not my family nor the government. The only way to get off your ass, is to get lean, roll up your sleeves, get to work, & stop trying to suck off of other people.
@bboucharde good for you!i can almost see your medals!
so the banks had nothing to do with this problem then?
your country will go pear shape any day now.that secure job you work so hard at,will no longer need your hard work..your values need to change..like it or not.
@loveisall1000 Thanks for the feedback. No, I did not get any medals, but I did work very diligently, & I slashed my living costs to the bone---Not very many middle-class male professionals are willing to commute by bicycle (even in a blizzard), not eat in restaurants for four years, eat boiled potatoes, & never go on vacation or to a club, etc. Anyway, yes the banks & the federal government lured a lot of poor folks into "teaser" mortgages, but why should other working stiffs foot the bill?
How's that HOAX & CHAINS playin out fer ya Barry Soetoro believers? Still have a mortgage? Your toast along with your pension.
Property and dollar based assets will continue to deflate while more crippling taxes, regulations and fees are only a few months away....
then the riots.....
Still time to buy physical gold and silver and relocate out of densely populated cities, soon to be war zones............or continue hoping for change, while Barry vacations & eats $100 Kobe steaks
"I'm choosing weather to eat or to pay the mortgage" I say pay your mortgage because you already had plenty to eat I see and losing where you sleep could be a whole different kind of hell.
Seriously, why do they put up with this? The banks created the problem, and in exchange for creating the crisis, they get the right to foreclose on people's REAL property. This is nothing but a glorified (and legalized) robbery!
"This is nothing but a glorified (and legalized) robbery!"
Absolutely. If populations were not dumbed down, drugged, brainwashed & kept too busy to think for themselves then they would be interested in what goes on in the world - including the monetary & banking systems. They would be vigorously demanding change
Instead people are diverted to think about sports & celebrity trash rather than the critical things that affect our lives, our communities, our children & the future.
I understand your view that a proper understanding of a contract is essential, but so many of the predatory lending practices were not about understanding they were about making these loans without good lending practices to sell as a commodity. An average citizen of this country has no conceivable way to understand fully the ramifications inside a contract designed by a team of bankers and lawyers over the course of years in a one hour hose closing session.
@TennesseeJed I really feel bad for these people. There enough blame to go around for everyone, however, don't think something as important as a home loan people would be more responsible and read the contract. I think part of the blame should be put on the person signing the contract.
The BS financial NO-reform bill that just got forced in is written by the BANKSTERS!!! They hope that Americans are too stupid to care! The bill doesn't even address Fannie and Freddie, the largest culprits of the mortgage crisis. The bill gives unlimited access of our tax dollars to the banksters!!!!!! Illuminati scum!
what happened to NOT having to pay for your mortgage, gas, or you car once barry soetoro was inserted into his puppet post??? id love to see that woman now that said that! YES WE CAN'T!!! Dope and NO change (in your pockets either)
@Livefreerevolution idiot he never said no to paying bills.. he said stop abusing people.. i wondr if it were mccain would you sing the same tune.. it bothers u that a mulatto is in office.. the nasty undertones that reak of racial inuendos are hypocritical pple like you forgt about the middle class..where was your outrage as this culminated as a fake economy was built.. you turn a blind eye now he came in at an unfortunate time.. if he was here with a surplus then what.. like ur g-dubya
Blaming the CEO's Really? How about blaming that fag Barnie Frank and that puffr Chris Dodd. They forced banks to lead out money to people they knew could not make the payments.Fucking idiots all.!!
Unfortuneately there will be more forclosures to come and won't peak until 2013; jumbo loans, option arms, alt a loans, and commercial loans that make subprime look like a cake walk. Arghhhh!
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Help the people in your neighborhoods who are facing foreclosure. Stand with them and protest when they come to evict them. The government does not care about their citizens so it's up to us to stand up and support each other. Help your brothers and sisters in need. We are all in the same sinking boat, together.
I recall the 80's when so many people lost their homes to the A.R.M.s . My street in Phoenix was literally more than half vacant due to foreclosures. Did no one learn? Yes, the mortgage brokers should be ass fucked on the hood of a Peter-built and driven all the way to the Washington regulators that allowed it but gimme a break. Are people that stupid??? (rhetorical)
Most of these people don't know how to do math, People buying homes that could in no way pay for them. Any clown that got an adjustable rate mortgage in the last few years of record low rates is just stupid, to me most not all of the these people are looking for a handout not a helping hand.
@c141bstarlifter you still see fog....... but still walk in think its just fog right? You get a mortgage on the back of lies, but you still sign to the lie! ALL FINANCIALS are book money, nothing is exchanged but the swindle you on behalf of: your promise to pay" NOTHING BORROWED" at interest.... Now knowing this would you walk into the fog?
BANKERS are nothing but crooks, loaning finance (LEGALY?) created from THIN AIR and transform their fraud into assets to sell.
@reddiesel88 I agree, but the fact remains most of these people shouldn't have been able to get a loan in the first place. now there looking for free handouts, Bankers are crooks (ALL OF THEM) I'm a cash and cary kinda guy.
This is just B.S. to see this in our Country. The Goldman Sachs Crooks and JP Morgan gang are walking around with out a care and the Republican Party of NO could care less if you all have to sleep on the street. Time to Get Busy Folks and give these people a visit late night in MASS. Don't let them do this to you. Obama doesn't care either, he's in their POCKETS!
@BabylonsKing NO to what? adding MORE unsustainable debt to all Americans and to future generations to come? the democrazys obumbo regime has out spent ALL administrations combined. what do you do when you have more money or your credit cards are maxed? ask for MORE money at interest that you will be unable to pay back? when does it end?
i feel for all people, but to keep dolling out cash that is not YOURS to begin with is falls right into the hands of the bankers / elite / UN Agenda.
The Banks borrow this money at 0.... Yet they are reluctant to adjust people who have lost their jobs due to the banks actions such as NAFTA or WTO. Reveres Globalization now before we lose our whole country
of course who cares about these people since there are more important things than the citizins such as spending 7 billion dollars a month on the wars...
can you count how many does that amount make in total since the start of the false flag wars???
that's the main reason behind this and it will go on as long as there is nothing serious being done to end all assaults on other countries.
ask yrself how safer & secure has the USA or UK become since the start of the assaults???
The government cannot save anyone. How long can the people paying taxes support the unemployed? Especially when one group is growing, and the other is shrinking? Guess which one is which.
I hate to say it, but a lot of these people signed adjustable rate mortgages without examining what they were. It's sad to see, but personal responsibility for your life should be priority number one. I think many of these Obama zombies are starting to see the light.
i think these are the people that got the government backed loan. their 1 dollar of actual worth was backed/guaranteed by 6 dollar from the government. this overvalue of wealth was one of the reasons we have an economic collapse. these peoples houses arent worth 7 dollar, theyre worth 1 dollar.
@amfikz i look at it more like we will start the 'Republic' a new with awareness of the realization that socialism is a false ideology that has NEVER worked in human history except for the few ruling classes .. that's it!
@Livefreerevolution Liiving as economic slaves does work and is sustainable. Monarchy's can last for hundred's of years. We should just all admit that the corporations have won and that home ownership is a thing of the past. The richest 1% are our new Gods. I think I would almost prefer monarchy that was born into one particular family though like England has rather than some CEO that I have never heard of. Well we do have the Bush family I guess.
@eviloprah you have fun with that you socialist nazi idiot! yea it'll work alright except for the millions of people that will be murdered, enslaved, executed, persecuted and anililated i prefer the Constitution, Republic and rule of law thank you very much. I will work with others towards restoring Liberty, private ownership and free market solutions.
well since barry soetoro is related to bush and other anglo elites, i guess they like to keep the monarchy rule in the family.
Trust me - as well as the Royals we also have the obscenely rich CEO's, Senior Executives & corrupt politicians that have been robbing us for some time now, creating a new rich elite on such inflated high salaries that ordinary people can never aspire to. Such posts are recruited by cronyism – not by merit
More & more they cut themselves off from the increasingly poor workers whilst contemplating what to do with all the money they are acquiring. (Not an exaggeration or a joke)
@americanbandwidth, i should go out and find me a bridge with access for the diabled... lol, wheelchair access, yeah, yeah, thats it...
seriously folks, this is not new news, the past few years have been quite horrific for many famiies in the world, not only the US... i know so many folks that have to use the food banks and whatever shelters there are... when the prison camps level out some and we get used to it maybe we'll begin to feel okay again :) i hope i'm so wrong
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Politicians aren't going to do anything because that would be a bailout but, they will bailout Fannie Mae and Freddie Mac and the "big three" car companies.
Charlie12241 1 month ago
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I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!
myestatedealdotcom 3 months ago
Economy went way down. Therefore mortgages and rents should go way down. Simple solution
MissTeenPregnancy 8 months ago
good work!
srkh28 1 year ago
How is that "Hope and Change" working out for you?
imbubba56 1 year ago
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Slave Protocol 101
Take away land and slaves are born to tyranny.
We read of deforestation of remaining forests on dead newspaper.
Hemp, electric cars and community-centered living went down the toilet along with people's interest in living strong and free together in rural areas - The People's Marketplace.
We are the leaders we cry for.
Shall we become stewards or lemmings of planet Earth...?
LookingGlassStudio 1 year ago
Why can't they live in flat? If you can't afford house - go rent flat!
GoodChineezeCheeze 1 year ago
"People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
- J. P. Morgan
Tressco 1 year ago 2
This is a lesson for the world DON'T BORROW MONEY EVER. The more people borrow the more power banks get. Save your money and buy things in cash. If everyone did that prices would have to fall were people can buy them.
JediMasterRick2 1 year ago
This is why people should only have FIXED mortgage rates
JonaBay 1 year ago 4
At 2:56 "...have to take our son out of private school", What fool are you? Just leave your house and rent a smaller one, one you can afford! People are so fucking retarded these days. Its unbelievable if you don't see it with your own eyes! This will not end pretty Old Good USA, you will have a civil war sooner than you think!
danben72 1 year ago
i dont see any white people there.
strange
wahabkorai28 1 year ago
@wahabkorai28 I did. Strange.
JediMasterRick2 1 year ago
mortgage rates are the lowest ever you dim witts. these people should never have been approved for mortgages in the first place.
keithmobile73 1 year ago
This is what America does to its people.
dankbot420 1 year ago
Protest doesn't worth anymore.
Take the bankers and the usure out of the world.
BITARTEN 1 year ago
Are they in Africa? holy shit!
rsnboy08 1 year ago
We need to get our act together as a human race. Stop the competition and start the human collaboration to end scarcity on all levels. We can do it. We have the resources and technology.
silversobe 1 year ago
Q: What's long, black and stinks?
A: Line to a wealth-fair
AlexanderSigal 1 year ago
Not trying to be racist but why are these people mostly black?
blackknight5050 1 year ago
@blackknight5050 There is a class-action lawsuit going on in Baltimore against Wells-Fargo because emails leaked stating that the lenders were to specifically target middle-class black folks. Apparently, a lot of folks could have qualified for better loans but the lenders pushed them into sub prime. This is the face of the middle-class that Bush helped destroy.
dankbot420 1 year ago
@dankbot420 ...or maybe it was the Clintons forcing the banks to extend mortgages to what they termed UNDERERPRESENTED people,,,ie poor minorities, The reason the banks wouldnt make the loans before is they knew they would not be repaid.. So Bill and Hill decided to insure the loans with freddy and fanny,,,,,and look what happened? The resulting bubble along with spending of bush collapsed the economey......
TheRetiredtrucker 1 year ago
@TheRetiredtrucker It was George Bush, not Clinton, who destroyed America. Take a look at his June 2002 White House speech in which he declares his administration will provide 5 million homes to those who can't afford it with the help of Fanny Mae and Freddy Mac.
Papwithanhatchet 1 year ago
Obama failed and the other idiots would've been no better, specially that zionist clinton.
fenix611 1 year ago 2
Debt slaves.
So glad I'm debt free.
jryan1971 1 year ago 2
The relationship between Fannie, Freddie & MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, underscores the entire real-estate / foreclose problem: FRAUD FRAUD AND MORE FRAUD.
Fannie & Freddie "guaranteed" HALF all US Mortgage debt while MERS acted as the "stick up kid" that aided & abetted the securitization of home loans backed by Fannie and Freddie as well as playing the central role in liquidating or foreclosing the property connected to the loan.
eyewitness043 1 year ago
It breaks my heart to see all those good people wait on what that piece of shit Ho-bama promised them but never intended to deliver.
eyewitness043 1 year ago
why do all of them have a certain skin colour.....
Mudd0000 1 year ago
@Mudd0000 what? you only think a certain skin color only loses their jobs? lose their home? ohhh wait, i checked your profile your from Canada, you guys have more then enough of your own problems. Separatist party siting on your hill, GST, HST, Ecotax, substandard health care. It's beyond me how any sane person can vote for the liberals, scandal after scandal from Sponsorship scandal to E health scandal to all of this now. Just don't forget to behind over backwards.
larasa007 1 year ago
@larasa007 ...and SINGLE digit unemployment,great health care (sorry ,,,dont believe all the kool aid lies your press spouts, subsidised drug plans.....and healthiest economy and banks in the g8/20
HAHAHAHA
And our beers better too :
TheRetiredtrucker 1 year ago
@Mudd0000 - Excellent question. With "black" president these line should be all white right? Funny, it seems like the opposite has taken place. Wow. Guess nobody saw this coming. (((shaking my head)))
eyewitness043 1 year ago
And the beat goes on...
stevesmitty79 1 year ago
Obama, wheres my change?
JayRocFly 1 year ago
Greed... Must love greed. The whole world runs on it.
Ps: owning a house is a huge waste of money. You can live comfortably in a normal appartment.
You want privacy?you want space? and a piece of land to call your own... Get rdy to caugh up the money.
DurexDurpaneu2 1 year ago
I am sorry to tell you we did this to ourselves' we have no one else to blame for this mess. Let me ask you something? When was the last time any of us bought "made in America" instead of the Walmart cheap sweat shop goods? Go to any Walmart and see how many shoppers there. Yet our local producers are going out of business, and here we are blaming this on everyone except ourselves. Support local producers, thus creating more jobs and keep our money here!!!!
larasa007 1 year ago
@larasa007 we needed tariffs and did not get them
boswellchrome 1 year ago
@boswellchrome Bos how can we have tariffs now with Nafta? One good thing thou is we are not getting anymore mad cows from Canada. We should implement the same regulations on other goods.
larasa007 1 year ago
America open yout eyes.... look at the situation and start a revolution till its not too late.
Flankymanga 1 year ago 3
fixed mortgage interest rates are at record lows.
how is it that the ARMs are going up???
ForkYouToo22 1 year ago
@ForkYouToo22 people who don't pay there bills have to settle for ARMs because there cred. is bad. with good cred. you can get a fixed rate... until your loan is sold to another bank owned by the same.
boswellchrome 1 year ago
@boswellchrome I know this.
what i am saying is their mortgage is supposed to adjust up if rates are up and down if rates are down.
so if fixed interest rates are at 4.25%, how are they raising the interest rates on ARMs still???
ForkYouToo22 1 year ago
@ForkYouToo22 You are correct. I was thinking about this, too. One answer is that many folks who hold these ARMs have poor credit ratings & low income, so the risk of non-performance is high. (Yes, there are always exceptions.)
Further, even though the interest rate on 30-year fixed mortgages dropped to only 4.563% last week (average), this rate is reserved for folks with high credit scores & very solid references. But, I wouldn't buy a house now, because the downside risk is too high.
bboucharde 1 year ago
Global Free trade caused this! You give Greedy US Corporations the Green light to either stay in the US and pay a decent wage, or go to a poor Country with slave labor and this is what you get! The corporations will be fine, but wages will be destroyed in Western countries by design.
johnwilsonriley 1 year ago 2
I have a room for them, with TV..!!
MyCarla27 1 year ago
The fucking banks are driving the gap between the rich and the poor in America and are eroding the middle class. The banks caused the recession/depression. They are to blame for America's problems, not the government.
GeneticsFTW 1 year ago
THIS IS ALL A MANMADE/POLITICIANMADENEWSMEDIAMADE DISASTER CAUSED MAINLY BY THE BILLIONAIRE OWNED NEWS NETWORKS THAT ARE SELLING TRASH RATHER THAN TRUTH. THEY CEASED TO BE REAL NEWS NETWORKS DECADES AGO AND HAVE CAUSED TOTAL DISINFORMATION AND DISENFRINGEMENT OF WORKING AND POTENTIAL WORKING PEOPLE. BIG MONEY RULES THE DAY IN ALL AREAS OF LIFE. EVERYTHING IS PREPACKAGED AND ALL FITS ONE AND ALL. THE PEOPLE HAVE BECOME TELEVISIONIZED/PROPAGANDIZED BY SPECIAL INTEREST WRONG DOERS AND POLITICIANS.
veniceit1 1 year ago 2
no no no. Financial terrorists got them in the problem they have now. Financial Terrorists wreak havoc on and destroy economies; not help poor people.
freakfiend32 1 year ago 3
@freakfiend32 no, wreaking havoc on economies is business as usual in deregulated capitalism. Financial terrorism is upsetting the status quo.
GeneticsFTW 1 year ago
obama is such a con artist not giving the plp a chance giving the power to the fed and wallstreet bankers and these r the plp who voted him in
lastpoet1 1 year ago
That part was also hilarious when that lady said she told her kids they were coming to see President Obama. If she actually looked at how much this administration has added to the national debt, how much in bonuses were given to big banks with bailout money (2 billion plus), etc. People should really start waking up.
inf11b38 1 year ago
If people only understood that the bank can't legally forclose on your home because they never gave you anything. In fact; the promissary note you sign helps the bank out. It's only verifiable by Supreme Court cases. Don't worry, go back to sleep America, you fuckin puppets.
inf11b38 1 year ago
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inf11b38 1 year ago
The Big Banks, Bank of America and CitiBank especially, have launched an economic terrorist assault profiting in foreclosures from the very bad loans they created, destroying America while they count their cash. Enslaving the people shamelesssly and with the help of our Government. Enslavement has begun.
callouschristian 1 year ago 2
What do these people hope to accomplish by standing in line? People stand in line to get into a rock concert, not solve their problems.
If you can't afford your house, either sell it and downsize, or bulldoze it and file for bankruptcy.
LordDyhalto 1 year ago
If givernament cared about their people they would do something about this, and force banks from having ridiculous rates. Its just modern criminal, criminals hide behind banks, wall street, governament. They are no better then drug dealers, actually worste.
This whole world is fucked up and it will only get worse.
Globox822 1 year ago
Oh no, lets not help and care for our people, instead, lets go attack Iran and N Korea ... sigh
Happyspancer 1 year ago 3
How's this for 'CHANGE', America? It's 'change' alright... a 'change' for the WORST!!!
faceintree 1 year ago
Well, eventually they'll be on the streets, then with hundreds of thousands of people living on the streets with literally nothing left to lose, maybe then we can forcibly take back our government from these enslavers.
jsee12953 1 year ago 2
The bankers are the TRUE terrorists.
We haven't seen anything yet
stangeriam 1 year ago 21
@stangeriam We should cut their fucking heads off.
tbirdky 1 year ago 2
@stangeriam The bankers are the only ones who profited on the way up and down.
They, Godman Shafts and Co. are just as good as Bernie Madoff.
They always win, even if they have to put their own people in the FED first.
What, news alert: Most FED officials worked at Goldman. Hmmmmmmm.
It's nice to know the US taxpayers paid for Lord Blankfiens last 100 million dollar bonus. How much will his contractual paycheck be this year. Or last year, or next year. How much is enough.
rockerme4u 1 year ago
Banks set this shitty economy up in order to take control of all private property. Since the dollar is going to be dropped as the standard world currency, the value will drop. This is the bank's way of saving assets. They destroy the economy with their derivatives, kill the housing market, turn mortgages upside down, people walk away after 10-15 years, then forclose and snatch the assets for themselves at half price while making a profit AND getting the original property back. SCAM SCAM SCAM!
crackerwv 1 year ago 8
@crackerwv Banks do not want private property its worthless to them whats the point of owing property in a housing crash? and also "the dollar is going to be dropped as the world currency"!! I think a reality check is needed and that sort of ignorance and arrogance is what started the trouble.
howhardgerrard 1 year ago
@howhardgerrard Really...the banks caused this crisis in the first place. The dollar is VERY quickly losing confidence because of the massive derivative trading and credit default swaps. We are losing the backing of the dollar to control the commodities market so it IS losing it's value around the world. If something sets off a dumping of the dollar, we are in deep shit and the dollar will IN FACT, be replaced by another world standard currency. You are a fool if you believe otherwise.
crackerwv 1 year ago
@crackerwv You have misunderstood what my point, which is that the dollar is only the world standard currency in the minds of Americans outside the dollar is not used as mich as you may like to think. Europe for instance is dealing with an mortgage interest rate of between 3% and 6% depending on your deal. The crisis is to do with people wanting what they should not have and living outside of there means.
howhardgerrard 1 year ago
Jewish bankers are buying up all houses for pennies.These pasties should be removed from America if USA has to prosper.The entire congress is hijacked by Zionist bankers and all money printing is done by Jewish Federal reserve.
garet300 1 year ago 2
It's simple: house prices have to come down. Waaaay down. Down to about 1x - 1.5x incomes. This deflation is going to involve lots of foreclosures and lots of bank failures. Anything that impedes this deflation process isn't helping, it's just drawing out the pain over time.
jryan1971 1 year ago
those people have been scammed. They made them believe they could afford way to expensive houses or they had adjustable rates.
search "peter schiff mortgage bankers speech" or type in watch?v=6G3Qefbt0n4 in your broswer above if you want to understand how this scam worked!!
BadWithNames123 1 year ago
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BadWithNames123 1 year ago
I have no pity for those who lost their homes because they didn't have a fixed interest rate. They simply didn't research and were prolly talked into an adjustable rate with the hopes that rates would go down. I'm 23 and from a poor family, I just bought some land and the trailer came with it. It looks like the oldest trailer in the world. But I have a fixed rate, and I live poor but I am stress free. Everyone tries to impress others by living outside your means. Fools.
ObamaIsDaAntiChrist 1 year ago
@ObamaIsDaAntiChrist I think you're being a little harsh. And yes, I have a fixed rate mortgage.
73cupcake 1 year ago
Most everyone there jumped onto the Home ATM wagon or simply "purchased" a ridiculously over-priced house during the boom. Here's some free advice:
Take your household gross earnings.
Multiply that number by 3.5
The result is what you can afford for a loan
.
Wake up, sheople; this was all by design and they want you enslaved. Cheers!
tyronebiggums3 1 year ago
None of this has to happen. All planned. Existing mortgages need to be rewritten, and buyers need to be given mortgages (so owners can get out from under). The mortgages need to be down sized to the real market value.
macpduff 1 year ago
Good Lord.. what kind of change was obama talking about???????? WOW O.o
cocaaaacolaaaa 1 year ago
I cant link videos like this to my facebook anymore...i think im being censored.
dancingforrain2012 1 year ago
@dancingforrain2012 fuck em if you are being censored its a free damn country
thecomingend2010 1 year ago
Dammit! I WILL NOT PAY ONE DOLLAR TO SUBSIDIZE FOLKS WHO NEVER SHOULD HAVE MADE THESE FINANCIAL COMMITMENTS IN THE FIRST PLACE! Look at these people---Would you hire most of them? The feds pushed the Community Reinvestment Act (under Clinton) to lure millions of unqualified people into mortgages, and now those of us who scrimped & saved are going to pick up the tab?.... NO WAY! If you signed a mortgage without reading it or understanding it, you are a cretin---Please don't have kids.
bboucharde 1 year ago
@bboucharde lets hope you never fall on your ass! you nice human being you!
loveisall1000 1 year ago
@loveisall1000 Dear lover, I have been to Hell and back, financially, since 1990. I recovered (and paid all debts to zero) through self discipline, self denial, obedience to all laws, lots of hard labor, & hundreds of nights studying through two graduate degrees. Nobody gave me any cash or handouts, not my family nor the government. The only way to get off your ass, is to get lean, roll up your sleeves, get to work, & stop trying to suck off of other people.
bboucharde 1 year ago
@bboucharde good for you!i can almost see your medals!
so the banks had nothing to do with this problem then?
your country will go pear shape any day now.that secure job you work so hard at,will no longer need your hard work..your values need to change..like it or not.
loveisall1000 1 year ago
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bboucharde 1 year ago
@loveisall1000 Thanks for the feedback. No, I did not get any medals, but I did work very diligently, & I slashed my living costs to the bone---Not very many middle-class male professionals are willing to commute by bicycle (even in a blizzard), not eat in restaurants for four years, eat boiled potatoes, & never go on vacation or to a club, etc. Anyway, yes the banks & the federal government lured a lot of poor folks into "teaser" mortgages, but why should other working stiffs foot the bill?
bboucharde 1 year ago
How's that HOAX & CHAINS playin out fer ya Barry Soetoro believers? Still have a mortgage? Your toast along with your pension.
Property and dollar based assets will continue to deflate while more crippling taxes, regulations and fees are only a few months away....
then the riots.....
Still time to buy physical gold and silver and relocate out of densely populated cities, soon to be war zones............or continue hoping for change, while Barry vacations & eats $100 Kobe steaks
MrGAB4444 1 year ago
Girl at 2:58 .. CUTE.
R3DxWarri0r 1 year ago
"I'm choosing weather to eat or to pay the mortgage" I say pay your mortgage because you already had plenty to eat I see and losing where you sleep could be a whole different kind of hell.
onmynyshit 1 year ago
Higher Taxes for the wealthy will help, a lot.
Next time GOP says no new taxes, tell them off.
stevenweir76 1 year ago
JUST MAKE FORECLOSURES ILLEGAL YOU IDIOTS!!
Seriously, why do they put up with this? The banks created the problem, and in exchange for creating the crisis, they get the right to foreclose on people's REAL property. This is nothing but a glorified (and legalized) robbery!
Starbat88 1 year ago 3
@Starbat88
"This is nothing but a glorified (and legalized) robbery!"
Absolutely. If populations were not dumbed down, drugged, brainwashed & kept too busy to think for themselves then they would be interested in what goes on in the world - including the monetary & banking systems. They would be vigorously demanding change
Instead people are diverted to think about sports & celebrity trash rather than the critical things that affect our lives, our communities, our children & the future.
explorer2101 1 year ago
The whole government is a failure, its just not foreclosures.
This is what happens when you sign contracts without reading them.
CMLovejoy 1 year ago
@CMLovejoy
I understand your view that a proper understanding of a contract is essential, but so many of the predatory lending practices were not about understanding they were about making these loans without good lending practices to sell as a commodity. An average citizen of this country has no conceivable way to understand fully the ramifications inside a contract designed by a team of bankers and lawyers over the course of years in a one hour hose closing session.
TennesseeJed 1 year ago
@TennesseeJed
Well said.
explorer2101 1 year ago
@TennesseeJed I really feel bad for these people. There enough blame to go around for everyone, however, don't think something as important as a home loan people would be more responsible and read the contract. I think part of the blame should be put on the person signing the contract.
CMLovejoy 1 year ago
Let the fun begin!
dershope 1 year ago
90% blacks.
dikkydoo1 1 year ago
"we had to take our child out of private school"
AWWWWW POOR YOU!!!!!!!
GerudoUK 1 year ago
The BS financial NO-reform bill that just got forced in is written by the BANKSTERS!!! They hope that Americans are too stupid to care! The bill doesn't even address Fannie and Freddie, the largest culprits of the mortgage crisis. The bill gives unlimited access of our tax dollars to the banksters!!!!!! Illuminati scum!
ibislee 1 year ago
what happened to NOT having to pay for your mortgage, gas, or you car once barry soetoro was inserted into his puppet post??? id love to see that woman now that said that! YES WE CAN'T!!! Dope and NO change (in your pockets either)
Livefreerevolution 1 year ago 22
@Livefreerevolution idiot he never said no to paying bills.. he said stop abusing people.. i wondr if it were mccain would you sing the same tune.. it bothers u that a mulatto is in office.. the nasty undertones that reak of racial inuendos are hypocritical pple like you forgt about the middle class..where was your outrage as this culminated as a fake economy was built.. you turn a blind eye now he came in at an unfortunate time.. if he was here with a surplus then what.. like ur g-dubya
guapgueezee 1 year ago
Blaming the CEO's Really? How about blaming that fag Barnie Frank and that puffr Chris Dodd. They forced banks to lead out money to people they knew could not make the payments.Fucking idiots all.!!
3shacks1house 1 year ago
Unfortuneately there will be more forclosures to come and won't peak until 2013; jumbo loans, option arms, alt a loans, and commercial loans that make subprime look like a cake walk. Arghhhh!
ibislee 1 year ago
Here's to HOPE and CHANGE you can believe in!?!?! Obama is an illuminati puppet!
ibislee 1 year ago
change! yes we can!
wdcsucks1 1 year ago
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)
truefictions 1 year ago
Help the people in your neighborhoods who are facing foreclosure. Stand with them and protest when they come to evict them. The government does not care about their citizens so it's up to us to stand up and support each other. Help your brothers and sisters in need. We are all in the same sinking boat, together.
kojilalom 1 year ago
This what happens when most Americans turn their backs on Jesus Christ.
ChristiansofAsia 1 year ago
@ChristiansofAsia yes.
ovejaquesabe 1 year ago
@ChristiansofAsia No, this is what happens when Americans look to jesus for help.
themightyjoseph 1 year ago
@ChristiansofAsia ..................doh!.........like Jesus can save your home being taken from you.
UPYOURSBG 1 year ago
@ChristiansofAsia Stop with the sermon on the mount you whack job. There is no God. If there was where was he during the Lolcaust er Holocaust?
3shacks1house 1 year ago
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ChristiansofAsia 1 year ago
I recall the 80's when so many people lost their homes to the A.R.M.s . My street in Phoenix was literally more than half vacant due to foreclosures. Did no one learn? Yes, the mortgage brokers should be ass fucked on the hood of a Peter-built and driven all the way to the Washington regulators that allowed it but gimme a break. Are people that stupid??? (rhetorical)
babaluto 1 year ago
Most of these people don't know how to do math, People buying homes that could in no way pay for them. Any clown that got an adjustable rate mortgage in the last few years of record low rates is just stupid, to me most not all of the these people are looking for a handout not a helping hand.
c141bstarlifter 1 year ago
@c141bstarlifter you still see fog....... but still walk in think its just fog right? You get a mortgage on the back of lies, but you still sign to the lie! ALL FINANCIALS are book money, nothing is exchanged but the swindle you on behalf of: your promise to pay" NOTHING BORROWED" at interest.... Now knowing this would you walk into the fog?
BANKERS are nothing but crooks, loaning finance (LEGALY?) created from THIN AIR and transform their fraud into assets to sell.
The game is rigged....
reddiesel88 1 year ago
@reddiesel88 I agree, but the fact remains most of these people shouldn't have been able to get a loan in the first place. now there looking for free handouts, Bankers are crooks (ALL OF THEM) I'm a cash and cary kinda guy.
c141bstarlifter 1 year ago
@c141bstarlifter
guess most of the people standing in line didn't read the fine print in the Emancipation Act. hahaha.
TheUltraglobalist 1 year ago
There is no hope. This will delay the inevitable. The dollar is done for and the only savior is NWO
byteusa 1 year ago
1:35 financial terrorist? Lock him up. Quantanamo Bay! He admitted committing acts of terrorism against the United States. ;)
teemuruskeepaa 1 year ago 2
During that whole piece which was excellent by the way as usual. I didn't see one homeowner just a bunch of tenants of the bank!
hesh2 1 year ago 12
@hesh2 its like communism but corporate.. they serve the state we serve the banks
guapgueezee 1 year ago
This is just B.S. to see this in our Country. The Goldman Sachs Crooks and JP Morgan gang are walking around with out a care and the Republican Party of NO could care less if you all have to sleep on the street. Time to Get Busy Folks and give these people a visit late night in MASS. Don't let them do this to you. Obama doesn't care either, he's in their POCKETS!
BabylonsKing 1 year ago
@BabylonsKing NO to what? adding MORE unsustainable debt to all Americans and to future generations to come? the democrazys obumbo regime has out spent ALL administrations combined. what do you do when you have more money or your credit cards are maxed? ask for MORE money at interest that you will be unable to pay back? when does it end?
i feel for all people, but to keep dolling out cash that is not YOURS to begin with is falls right into the hands of the bankers / elite / UN Agenda.
Livefreerevolution 1 year ago
Thousands need help yet Obama can send a private jet to pick up his dog at the taxpayers expense.
bseven54 1 year ago 3
they should take off all the debts of the world and even give some money back to the people, it's just insane what banks have done to the world.
Naminukaz 1 year ago
The Banks borrow this money at 0.... Yet they are reluctant to adjust people who have lost their jobs due to the banks actions such as NAFTA or WTO. Reveres Globalization now before we lose our whole country
btigtime2 1 year ago 2
WHO IS KARMA?
Valdris1987 1 year ago
@Valdris1987 I think it's one of the old Volkswagen convertibles from the 60's and 70's
babaluto 1 year ago
AMERICAN DREAM????SAY AMERICAN NIGHTMARE
n1n2n3n4100 1 year ago
@n1n2n3n4100 You have to be SLEEP in order to have the "American Dream"!!!!!!
neanam 1 year ago 2
of course who cares about these people since there are more important things than the citizins such as spending 7 billion dollars a month on the wars...
can you count how many does that amount make in total since the start of the false flag wars???
that's the main reason behind this and it will go on as long as there is nothing serious being done to end all assaults on other countries.
ask yrself how safer & secure has the USA or UK become since the start of the assaults???
total failure...
thewandererone 1 year ago 2
Why not bail them out. You have bailed the asshole bankers.WHy not bail these people who really need bailing out.
SouthFacedWindows 1 year ago
Welcome to "the greatest country in the world" hahahaha yeh right, haha
TheAgonyOfVictory 1 year ago 3
The government cannot save anyone. How long can the people paying taxes support the unemployed? Especially when one group is growing, and the other is shrinking? Guess which one is which.
I hate to say it, but a lot of these people signed adjustable rate mortgages without examining what they were. It's sad to see, but personal responsibility for your life should be priority number one. I think many of these Obama zombies are starting to see the light.
pretorious700 1 year ago 3
Islam offers no interests because it is forbidden
ikhwanazizie 1 year ago 2
i think these are the people that got the government backed loan. their 1 dollar of actual worth was backed/guaranteed by 6 dollar from the government. this overvalue of wealth was one of the reasons we have an economic collapse. these peoples houses arent worth 7 dollar, theyre worth 1 dollar.
opaz79 1 year ago
more bad news...
The market should rally on this..
martialarm 1 year ago
@martialarm hahahahahahaha
n1n2n3n4100 1 year ago
yeah america will go down soon
amfikz 1 year ago
@amfikz i look at it more like we will start the 'Republic' a new with awareness of the realization that socialism is a false ideology that has NEVER worked in human history except for the few ruling classes .. that's it!
Livefreerevolution 1 year ago 2
@Livefreerevolution Liiving as economic slaves does work and is sustainable. Monarchy's can last for hundred's of years. We should just all admit that the corporations have won and that home ownership is a thing of the past. The richest 1% are our new Gods. I think I would almost prefer monarchy that was born into one particular family though like England has rather than some CEO that I have never heard of. Well we do have the Bush family I guess.
eviloprah 1 year ago
@eviloprah you have fun with that you socialist nazi idiot! yea it'll work alright except for the millions of people that will be murdered, enslaved, executed, persecuted and anililated i prefer the Constitution, Republic and rule of law thank you very much. I will work with others towards restoring Liberty, private ownership and free market solutions.
well since barry soetoro is related to bush and other anglo elites, i guess they like to keep the monarchy rule in the family.
Livefreerevolution 1 year ago
@eviloprah sounds like you have a defeatest mentality ... enjoy your serfdom!
Livefreerevolution 1 year ago
@eviloprah you are directly out of you fuckin mind...
dancingforrain2012 1 year ago
@eviloprah
Trust me - as well as the Royals we also have the obscenely rich CEO's, Senior Executives & corrupt politicians that have been robbing us for some time now, creating a new rich elite on such inflated high salaries that ordinary people can never aspire to. Such posts are recruited by cronyism – not by merit
More & more they cut themselves off from the increasingly poor workers whilst contemplating what to do with all the money they are acquiring. (Not an exaggeration or a joke)
explorer2101 1 year ago 3
And so it begins.
americanbandwidth 1 year ago 3
@americanbandwidth, i should go out and find me a bridge with access for the diabled... lol, wheelchair access, yeah, yeah, thats it...
seriously folks, this is not new news, the past few years have been quite horrific for many famiies in the world, not only the US... i know so many folks that have to use the food banks and whatever shelters there are... when the prison camps level out some and we get used to it maybe we'll begin to feel okay again :) i hope i'm so wrong
MrBuckwilliam 1 year ago
@MrBuckwilliam ié KARMA´s a bitch isnt it,all us goverment have done/do around all world is now knocking at your door
n1n2n3n4100 1 year ago