Added: 2 years ago
From: americancasinomovie
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  • in 2007, I made $30.000. which in California is just at the recognized poverty line. No kids, single. I was receiving 10-12 offers for mortgages per week in the mail. Common sense told me I could not affort a half million dollar mortgage. Now, these companies are evil, but where was the responsibility on the part of the consumer ? Funny thing, three years later, everyone else has ruined credit, and now they're sending me offers again. amazing.

  • Switched-on stockbrokers saw this coming 10yrs ago... Goes to show how scum filled our financial institutions are, & how fragile this worlds economy is.

  • It's a combination of things. Greed, avarice. We've been raised to believe we have a right to all things. Were the people deceived? Yes,but they were betrayed more by their covetousness than by the banks. Deep down,we all know when we've made a deal with the devil. There's a penalty for that.

  • We saw this in our law school class. Loved it! Particularly liked the banker interviews. Must see for everyone!

  • @sharmaumd we did too; u at stanford?

  • C'mon back, suckers, Wall Street is open and ready to steal what little money you have left.

    Don't wait to get raped when one of our "Too Big to Fail" banks can bend you over that stump NOW.

  • I put my real estate license on hold because I saw the current trend coming. The irresponsible lending, and the way home buyers trust one single stranger --a lender-with years worth of their future earning power.

    I always urged clients get three lenders' bids before choosing a loan. ADVICE RARELY TAKEN. Not Just Targeting Minorities. Anyone who could fog a mirror and sign a loan doc. Too much belief in television life. Too much belief that the government protects you. Protect yourself.

  • irresponsible lenders alone would be no problem. also see a government eager to bailout said lenders.

  • THis will probably be a great informational doc., but keep in mind...Greenspan and his friends are not stupid, there hasn't been a free market in years, AND he and those who have profited from this economic disaster should be held accountable! They are not stupid/ this was not just a mistake, this is ROBBERY! Do not give these guys the benefit of the doubt that this was an accident.

  • truth

  • Things sure did change. When I applied for a mortgage in 1994 things were so tight and strict they put me through absolute hell to get my mortgage....they did everything short of a blood test on me & my wife......and.....that was with 20% down, good credit, zero debt and money in the bank...and....steady jobs we had in excess of ten years.....in fact I had been with my company for "20 years".

  • Another great sociopolitical revelation from the Cockburn clan. Can't wait to see the movie!

  • can't wait to see this movie

  • i didn't knew that this was made from olivia wilde's parents!!this was brilliant though..

  • More unearthing. Power to the rebuild!

  • Brilliant, it is about time we exposed the greed of the economy. It sad because we put our faith into a system that abuses our trust. For once in my life I am ashamed to be British. In the good Victorian days such a scandal the people responsible would put a gun to their head because of the shame & guilt. Now..they get paid off with our tax and escape to the Carribean with no guilt! Can't wait to see this!

  • Good to see someone showing the truth in all of this. Can't wait to see the real deal.

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