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The worst part is that Barney Frank is more responsible for the bad loans than any other one person.
JohnBreadForger 2 years ago
Amazing. Peter was right again.
psychientology 2 years ago 2
"The Mortgage Crisis is over".... hahahaha, oh man... I needed a good laugh. Thankyou Neil.
Metallic7Dust 4 years ago 5
By now you guys should know not to trust the news. The housing/subprime market is going to get much worse this year. Then, it's going to spill over into other parts of the economy with the stock market taking major beatings and by 2008-2009 it will be total depression. Stock up on food, buy gold/silver, get out of what debt you're in, and buy guns for the riots. Cheers all. Oh yeah, vote Ron Paul too.
JackNeedles 4 years ago
Look up many more videos on Peter Schiff and Jim Rogers, both notable and outspoken investors and Ron Paul supporters.
Expect a possible 40% more drop in the dollar.
CC's could soar to 36% interest rates. With hyper inflation, it is best to get out of debt and buy tangibles.
The best thing we can do is elect Ron Paul. We will need his knowledge of economics and adherence to the Constitution to preserve our freedoms.
InTheSticks1881 4 years ago
cavuto is a dick
2sloma 4 years ago 3
The Japanese just came out of a 15 year housing downturn.
History is the best indicator of future performance.
colourofnoise 4 years ago
It might help to look at history where houses DON'T have multi-generational mortgages... jus' sayin'
On the worse hand, a real estate group just made a predicition of future foreclosures that shows increasing foreclosures through 09 & '10, & then a slow return to base-line over the next few years. The bad things are that it is probably based on the belief that the recession ends in '10 (we can hope), and that we basically aren't even nearly thru 40% of the total foreclosures!
Jaycephus01 2 years ago
Fox news is no more then a 24 hour infomercial for the far right. Instead of being a responsible and IMPARTIAL media source they've done their best to disguise the truth about the economy. Fox news is just as responsible for the impending economic doom as is the fed, president, wall street and those speculators that turned what was a reliable and safe forced investment into a gong show.
colourofnoise 4 years ago
Cavuto is an idiot! Fox news blows!
zdon25 4 years ago 3
This is a CAPITALIST country. NOT Communism. Barney Frank and Charlie Rangle want to bail out big business and idiots who bought a house with money they couldn't afford. And, they want to do it with YOUR taxpayer dollar(s). Incredible. It's so Angelo Mozillo and his ilk can take their $300 million and run. I'm voting for Ron Paul. He's the ONLY politician who really wants to turn this country around.
srichards01 4 years ago 8
I use to like Cavuto but lately I'm turning him off. Peter's right. The dollar is lower than it has ever been. Gold is on a rocket straight up and we've got $90 oil! The Chinese, Japanese, Saudi's, etc., have been buying our worthless paper to finance not only our Real Estate bubble, but our war. This spigot is about to turn off and up to 4 TRILLION in crud loans are to come due now through 2009!
srichards01 4 years ago 3
Fox Business News appears mostly concerned with boosting consumer/investor confidence.
nhojsenoj 4 years ago 3
Not a good start for Fox Business news. To dismiss something as obvious as this bursting bubble couldn't make them look stupider.
stinkypoon 4 years ago 2
Interesting, it is a plus-plus situation. The banks need to a least try to recoup some of their principal because foreclosing all these homes will just nuke the market causing more people to default on the mortgages and loss of most of the loan principal. Either way, the banks are screwed, not homeowners. But than again, the banks being screwed is everyone's problems
MaverickCentricity 4 years ago