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Housing prices were comprised of easy lending standards, and zero-down loan products promoted by banks, and allowed by government. Now housing prices are comprised of highly restrictive lending, and a population that has sustained massive credit damage, as a result of the FED shifting the gears too quickly. You expect the average homeowner to accept the losses that were caused by Wall Street greed and government incompetance? Bernanke raised interest rates 17 TIMES just before the ARM's re-set!
farmboycarl 2 years ago
I'll make you a deal. You got to my Bank (Bank of America) with my mortgage, and ask them "to produce the note". When they tell you they won't, they can't, and they woudn't even tell you who owns it if they knew, YOU NEGOTIATE FOR ME. Then after you have experienced what it's like to be made to feel like an insignificant grain of sand, then make another video.
Only an idiot would suggest that a market with one set of ingredients could be made whole by a market with another set of ingredients.
farmboycarl 2 years ago
This has been flagged as spam show
MONEY TO THE PEOPLE...... screw giving the bail out money to ANY Wall Street Co - Give the people the money, as they spend it it will fix economy, stop forclosures, get america out of debt, etc.
PLEASE join my protest to the Bail out and answer 1 question on camera: "How would you spend $297,000 dollars?" - That is the amount of BAIL OUT money given to the people....C'MON AMERICA, JOIN US IN TELLING THE GOV HOW WE COULD FIX THIS ECONOMY!....... The Fight Isnt Over YET!!
BAILOUTMONEY 2 years ago
Happy Birthday to your son! Yep I saw that housing will have to go way down. We have to get to the bottom of this market rebuild SAVE money thats everyone and the Government.
nmbypmby34 2 years ago