Mortgage Meltdown - 44min. documentary

[fivequotes]

I would like to thank you for sharing this. I am looking for this.

[me4u]

whose the idiot at the end who said that the bankers got screwed. They never lost anything? They got large bonuses and incomes and made millions.

[pretorious700]

The whole US economy is a greed pyramid.

[flowewritharoma]

IN UCBerkeley events, I had seen something like that.

[monkeyman1140]

Lenders knew the loans were bad, but they securitized and sold off the loans before they could suffer the repercussions. They essentially were handing over the hot potato to the unlucky person at the end of the chain, which is the quintissential idea of a ponzi scheme.

Homeowners faithfully paid their mortgages, even when they skyrocketed. They only defaulted when they ran out of money, which drained their finances.

[spectrum2000now]

Bankers do make a lot of money from the ordinary citizen of the states. Hope this scam will be gone.

[88888FORCE]

Mortgage Meltdown

Nov-19-2010 --- Global fallout of the US subprime mortgage crisis?

How can unscrupulous mortgage brokers in America send world stock markets into a spin? ' examines how our interconnected finance systems left the world vulnerable to a global credit crunch. With banks now afraid to lend to each other, the subprime mortgage crisis threatens to push America, and possibly the rest of the world, into recession.

GOVERNMENT MORTGAGE RELIEF

1-858-366-4777

1-800-270-2928

[noearaujo]

I aint buying to damn DVD

[RoniCMaster]

This all started with the Community Reinvestment Act, and everything went to hell from then. A reason why governments shouldn't intervene in a healthy free market by forcing banks to make bad loans.

[monkeyman1140]

@RoniCMaster

CRA 1977 had nothing to do with it. Its hilarious to blame Jimmy Carter for it, typical reaganite you are!

Home prices were pretty stable until 1999 when Gramm-Leach-Bliley 1999 was passed (Senate bill sponsored by 3 Republicans and passed by Republican dominated house and senate and signed into law by Clinton)

[tofty21]

It is all planned and we are just being manipulated by our puppetmasters.

[670Kiester]

full film requires a tuppershare account, whatever the hell that is

[mariehansler]

To think this is just a few months shy of when they started to announce that there was going to be a global recession...just goes to show that you really need to exhaust all avenues before you jump in head first.

[piggadave]

Easi Credit = Easy financial death

[andrewh817]

The central banks pumping money into the system is what caused the crisis and yet they're saying the situation forces them to do so.

[sfordgg]

my wife is a stripper and prostitute in nv we make good money its great move to nv and make bigg money legally

[TheFreemanuk]

you fuckin tossers you report on this shit situation and then dont show the whole picture (The truth) then expect people to pay for the info you are as bad as them shame on you

there is better quality stuff on here done by honest real people

JOURNEYMAN SUCKS.

[flagship21]

the only problem is the government is not letting them get screwed

[johnnyfast]

all the ordinary working people who live within their means are paying for bankers greed and stupidity.

[SpeedingStudent]

I am enjoying this shit.

Burn, baby burn.

Stop living beyond your means, dumbasses!

[mannyfeseha]

thehelpfund.blogspot

[kooodeal]

Haha ,the fat bastard got his hand stuck in the jar.

[mannyfeseha]

thehelpfund.blogspot

[mannyfeseha]

thehelpfund.blogspot

[rikinoki]

America new poor Africa

[69Bluntsmoka420]

The economy is ruined forever. We're all going to starve to death.

[wot321]

You're an idiot.

[mard420]

they shouldn;t scare people about buying houses, they are good, solid equity, however taking trips, buying big screen tvs, and countless luxuries is terrible

[AtilladHun]

Tellthetruth, you are a perfect idiot. These greedy finance agents, mortgage brokers, security traders and greedy CEO's (99%) of them Whites, who sold, processed, and approved and made tons of money on these mortgages are to blame. They will sell to anyone who wants a home for his family and can sign on the dotted line.

[masisavan]

when you dont need money,banks are doing every thing to get you in debt,when you need money,they say you are not qualified,your credit score is too low?

[masisavan]

heeeeloooo,who aprase our houses too high,i had a afordable mortgage,hapy home owner,bank was calling me on daily bases,refinance,cash out,get mony,get line of credit now.i end up loosing every thing,heeeeloooooo.

[MoodyGroove]

Exactly. It's how lazy people made money. Speculators are the scum of the Earth.

[stinky125]

And real estate agents....they suck more than anyone..!1!

[Minordd3]

If the Feds are bailing out these big companies where do the FEDS get the money from? I'll tell you US!! The American man, woman, family that's losing their homes. Why are we bailing out a company that took advantage of us in the 1st place? We need to get into the face of our politicians ane make them work for us for a change. Tell them to hold these CEO's and CFO's liable for their actions. Ask for hearings and convictions!! We can't continue to allow them to take advantage of us and our money!

[yngwiefreak]

It amazes me that no one is addressing the real cause of foreclosures. Mortgage fraud. Not on the part of the homeowner, but the banks. Banks don't lend money. Your signature on the promissory note creates the funds that the bank drafts a check made out to you which you instantly sign back over to the bank thus creating the loan account. Your signature on the note paid for the house in full. The bank merely inserts itself in the scheme as servicer of the loan. The BANK NEVER OWNS THE HOUSE.

[Jan3Sobieski]

Do you know why they're in forclosure? Because the house market was great 2-3 years ago, so people lied on their income sheets, would get an ARM loan with very low interest rate. They hoped that with the market their house will be worth a lot more by the time their arm loan kicks in and their payments go up. They hoped that they would refinance to a fixed rate loan before that, unfortunately the housing marked crashed and their houses weren't worth that much so naturally they could not refinance

[itskellyanddeb]

True, but that is only a small portion of what caused this meltdown.

[RightRockOn]

How about the borrower that didn't make the payments. Boo Hoo!!! Poor little Democrat out on the street getting public assitance at a PO Box. McCain and his 10 homes in 2008.

[PisceanBeautyy]

I'm really lost here. Instead of blaming one person, maybe you should blame those truly at fault: lenders who approved mortgages that they should have known people couldn't afford, and those that weren't realistic about their finances and what they could truly afford.

[RadicalDemocrat]

I don't blame the lenders because their job is to make as much money as possible. they are paid to do that. The people paid to monitor them and regulate them is CONGRESS. And Obama is ONE of those congressmen who got sweet heart mortgage deals. So did Sen Chris Dodd. It was their job and Senator Chris Dodd said as much recently. In other words, Congress is at the top of the ladder. Watch this week as they grill the Federal reserve and the SEC.

[pantoum]

It is not the lender's job to make as much money as possible. It is their job to facilitate lending options in an ethical and legal way.

[moniequa]

Lenders did not force borrowers to take out loans. You can't blame anyone but the stupid borrowers themselves for spending beyond their means.

[nesnman]

How would some people ever have survived the high interest rates years ago. The housing market goes up and down. Both of my homes are paid for because I know when to buy and sell. Others who got burned didn't do the research .

[whitecollarcriminal]

a FICO score of 500 is nothing. That means you are a credit risk. The real problem is how quickly you can get a FICO 800.

It took two immigrants I dealt with just 2 years.

Why is it new people to America have more benefits and entitlement than 20 year + Americans?

This is the reason Hispanics have been able to buy up most of LI NY....and NOW THEY ARE GOING INTO FORECLOSURE

BWUAUAUAUAHAHAHAHAH

[flagship21]

Last five years have been an illusion. Now it is starting to affect Canada.

[whitecollarcriminal]

I worked in Subprime mortgages with my friend Julio. He made over $5000 a month (sometimes $10,000) scamming Hispanics into ARM loans.

Now that its all over and his money is spent, he has a regular day job and is a nobody. Now he pushes MMA - money merge accounts at $3500 a pop.

BEWARE of things that sound too good to be true.

[KARStarla]

You guys MUST Watch " Syndrome of control" by Lindsey Williams... Guys I CANNOT STRESS the vital message and amount of informantion on this video.

PLEASE PLEASE (after you watch it and know what I'm talking about) POST IT under other videos so others are informed. I'm so thankful someone posted it!

[falkminuteman]

when the federal fund rate was at 5.25% the fucking illuminati bankers lend at 5.87%

now the federal fund rate is at 2.00% and the national average of a 30 year fixed is 5.74% THOSE FUCKING NEW WORLD ORDER BANKS ARE CROOKS

[detasman]

You should post in the tab where this report is from dude and not water mark it as your own.

Its from ABC (australia) Four Corners programme.

[isadoraseventeen]

Hey! That was interesting! I wanna watch the rest!

[t3rdeye]

China is the NEW WORLD ORDER

[salahuddin786]

Recessions led to Revolutions

1930 - Communism

1945 - WW 2

1970 - US Imperialism

2001 - Islam is in Revoltuion

911 triggered the Fed to cut rates to 1% - which destroyed the US economy and Jews have helped destroy the US

[markclark5]

Jews have destroyed the US. You fucking racist, terrorist asshole. Why dont you take your disgusting hate philosophy and take a long walk off a short cliff you know nothing idiot

[qvhman]

Wrong again Yank. It was very simply you Americans that destroyed the US economy. You guys don't need help from anyone when it comes to f***ing things up for yourselves! Sub-prime mortgages? LOL.

Countrywide financial? LOL

Bear Stearns? LOL.

George Bush jnr? LOL!!!!

[nothingbetter2du]

Tell me, why are Brits making "informative" documentaries about the American recession crisis, and moving here (in LA) in droves? Because they are buying back and taking over our economy and lifestyle!! Wake up Americans!!!

[qvhman]

Don't be silly old chap. All we are doing is buying back a country we owned in the first place. But let's face it, US assets are cheap as chips at the moment aren't they? You're own fault though.

Pip, pip,

[nothingbetter2du]

Sorry, but the Native Americans "owned" this country before you Brits came and committed mass genocide. Incidentally, I have excellent credit, so I'm not part of this housing/credit crash. Finally, since Bush takes direct orders from the queen, yes it's your problem too.

[qvhman]

The Native Americans did not have any concept of land ownership. Europeans did though.

By the time we came to North America, there weren't very many Native people left.The Spanish got there before us remember?

Glad to hear you have not been caught up in the financial turmoil.

Bush takes his orders directly from the Queen? This statement is ludicrous. Even our Prime Minister does not take orders from HRH. She is just a figure head with no executive power.

So Why George Bush?

[nothingbetter2du]

China's moving in!!! I hope most of you are ready!!! BTW...WE ARE IN A RECESSION!!!!

[msanchez007]

Time to buy cheap and hold.

Rentals are great right now.

Where do you think the people that lose their will live, in a rental.

[mrchekky]

Steve Barlas is a poker champion

[akeffo]

Duh, a house has no value and should never be considered an investment. Dopey financially ignorant Americans use their equity for vacations, cars, etc...and then whine when the market goes bad. The housing market was over valued, especially in California, and now you dummies must pay for it.

[vincentvendetta1]

Most of you guys and your 'conspiracy theories'. Most of the default led from Subprime and Option ARM loans with large prepayment penalties in the Masses.

[brintoul]

And you're an idiot, Vincent. Do you know what a CDO is? A derivative? Didn't think so.

[vincentvendetta1]

Hey Fuckface, what noob DOESN'T know what a CDO or Derivative? What kinds of loans originate that causes it before it becomes disfunctions? Product, that's all. And the people who create it, and abuse it for the sake of it's immediate commission. GTFO noob, I am heavily involved in MBS and know how it all went down hill, not only that, it was foreseen much more clearer than the internet bubble 7yrs ago.

[vincentvendetta1]

Go play with your kids or something and get a life.  Idiot. Not only that, I'm just loving this market, REO's baby, buying them by the billions. You probably just sell car insurance. lol. GTFO!

[rentslave]

The jew had this all planned.These vultures have been doing this since God kicked Cain out of his family.They're going to buy these houses at a fraction of their worth as they did in the 30's.

This time they won't be dealing with just whites.These people own plenty of artillery.They will open fire on sinagogues,yeshivas,temples and jew owned banks.

[webaroos]

Main problem is people overpayed for their homes, borrowed with no collateral or deposit, took on too great a debt and the market has corrected finally, this is just a hiccup, it will all resolve in the next couple of years. Family at 3.20 has 5 hidden guns in their house & food ferreted away for what? yanks are freaking nuts, I don't know of anyone in Oz who has a gun or food stored.

[mrchekky]

Great doc. where is the rest of this video?

[Joyriser]

Thats too long! Thirties style depression coming and Im still worried about my spelling!

[Joyriser]

The facts are that investors have been making a killing from over inflated housing for to long! My sympathy for home owners is limited because some people cant even afford to get a house! This easy equity greed is the major cause of a serious recession!The trouble is that the banking system will drag everybody down with it!!

[fableelbaf]

That looks just like a classic car auctions ;. um, er nevermind.

[Hail08]

Citigroups lost almost 10 billion due to this subprime mortgage crisis. President Bush is a very smart man.If the Constituion permits; the American people should vote him for the third time.

[GeoSusan]

you seem to think only house flippers are in this mess many people refinaced their homes because they thought their houses where worth more! how about the people that didnt buy subprime bought a house for an inflated price and now are upside down in it and the lost of property taxes I just watched a video from reno neveda that the school district there is having to cut 94 million because of losses due to the subprime mess it will hit us all

[manmadeshit]

So smart-ass...explain to me why I should be concerned about a group of people that tried to flip homes and lost their asses. 2 Million people will lose their homes...out of a country that has sum 200 million. But then I'm clueless and you would be...maybe one of those investors. I know...you voted for Billy boy who put Greenspan into office who actually created this mess.

[UKSecretCourts]

4 Crisis, not 1 - Sub prime, then ARM, next Credit card crisis, flows into pensions.

Global recession is almost certain.

Recession in Germany, led to WW2.

Recession in China, led to Communist Govt.

Recessions led to Revolution.

It's UGLY what's coming, and its unstoppable.

[manmadeshit]

Come-on people..we are talking about a very, very, very small percentage of people being hurt by this situation. Two in my Family joined this group...even after warnings, re-financed. Most involved should not have had a loan in the first place...nothing from nothing.

[slobomotion]

Cogent. Scary. I sense a few flaws in the story, but I will try to digest them and comment correctly and ludicly. Eek! I guess I am so out of touch. Thank you for posting.

[campolimortgage]

Great video! Very well put together!

[codematrix]

I've invested most of my money in Gold and Silver.

[olamapsa]

'The smell, the look, the excitement' and most of all - lack of brains.

[SteffanLlwyd]

At the beginning they are using 'Emotional Labour' to work-up the audience. Read AR Hochschild 'The Managed Heart; Commercialisation of Human Feeling'.

[YNOTcreatemoneyart]

great story.!!

wake up america!