Fannie, Freddie and the Fed

[ERMAC4482]

I like your videos ,you speak clear, and give good examples and good jokes

[cooldudecs]

Government intervention in the free market is never good...

[W4rku5]

@cooldudecs i agree, but it s not the government, but the fed and that even a bigger problem

[NeonGen2000]

@cooldudecs At least when it's a government, you know who to 'hang'. With the Federal Reserve your dealing with a group of undisclosed investors who own the bank. And a government to pussy of it's power to demand justice and transparency.

[NeonGen2000]

@NeonGen2000 *And a government too pussy of its power to demand justice and transparency.

[sga86]

@theDeckisStacked Yup, if interests are high, eventually everything will go back to normal even thou it could take decades at this point or really high interest (25-35%). Currently, over half the people are not paying the unconstitutional income tax on our wages/labor, with the amount Ben is printing while buying these bad assets in our name and our children's name, hyperinflation would seem extremely likely.

[12101andyoutub]

i love these videos

[Muzztein]

MASSACHUSETTS SUPREME COURT RULES AGAINST BANKS IN FRAUDCLOSURE 1-7-2011

watch?v=pbg6IKBQgqc

[kayanathera]

keep up the good work.btw we resemble by the fact that my drawing skills are also non-existent lol

[kayanathera]

keep up the good work

[aidanqn]

The counter-argument is that market manipulations always cause some kind of problem down the line. If the Fed were to stay out of the way, then interest rates would rise. But why is that a "bad" thing ... it simply reflects free market pricing. Isn't that the way it's "supposed" to work?

[bdhcarbon]

these are very good video's. Nice job of explaining very complex concepts in a short amount of time in an entertaining fashion.

[ninuxy]

Well, the Fed stopped buying those MBS' but the rates went down even further.

[ACtruth1]

He is now an alcoholic.

[Shebadad]

Hey Patty, Quick question on the whole demand drying up thing... Even though they can't securitize and sell the loans to get them off their balance sheet(the Banks) because there's nobody down line to buy the securities from Goldman Sachs can't they still make loans? Granted they will have to do their due dilligence when giving loans this time since it stays on their accounts, but cant they still make mortgage loans without securitizing it. The Bank in that event would be debt holder

[joshmccraney720]

am i correct in assuming freddie and frannie purchase these mortgage backed securities from the banks, which gives the bank the excess funds to loan to borrowers?? someone please help

[clodester]

Am I right in thinking home loans are basically mortgages? Or are they loans personal loans secured against houses?

[revolutionnot]

@arbitrage you? a banker? ya. I need another drink...

[revolutionnot]

@arbitrage I think the best action I'm going to take... Gin and Tonic.

[revolutionnot]

@arbitrage your personal attack is not useful in the debate about our future, the economy, nor monetary policy and what would actually be needed to fix our broken, broken system. The first step in dealing with a problem is recognizing that it is, indeed, a problem. I have already taken significant actions. Have you?

[tfrenn]

Your the best.

[rachelvirienna]

Thank you for these!

[Radjabov]

Thanks for the excellent work... greetings from Mexico!

[octdavian]

Excellent work, Paddy! Thanks for taking the time in instructing us all!

[revolutionnot]

So, the Fed decided that market manipulation is better than fixing the process or economy? Nice anti-capitalist (really fascism) work. Seems short sighted b/c the original problem still remains... The Federal Reserve is an private, unconstitutional institution owned be the banks which the Fed is supposed to be regulating. Are you ok with this conflict of interest? I'm not.

[scutter4christ]

Thanks Paddy. Your videos are among some of the very best on the internet and I just wanted to say thank you for the time you put into explaining these things for everyone.

[lisajason111]

always ends up badly......

[akamouzis]

love these videos, keep them up!!!

[stockPricePatterns]

cool guy

[0musing]

Hey Patty, Its "Good friday" and I am already drinking :)...health to you and thanks for these informative vdo's

[hiphopsocnroc]

If it smells like fraud from inducement, then it probably is. Most times this information is totally absent when the borrower signs the "note," plus, the banks don't even follow SEC procedures when securing the said "note." Know proving all this in court is all together another story.