Mike takes questions from the audience after the Minneapolis, Minnesota premiere of 'Capitalism: A Love Story' at the Lagoon Theater on Friday, September 18th, 2009.
Michael Moore is wrong again. Many credit unions didn't have any problems because they didn't lend to people who were at a higher credit risk. Sub prime loans are for people who don't have good credit. Michael Moore knows this .
The reason that these people were talked into buying homes and not told that their monthly payment would be jacked through the roof is because of the business model the banks created. They put people in positions where they only make money (sales comission) if they get someone to sign a mortgage agreement, so of course they won't tell you the bad news or you won't sign. That would be like cutting their own throat. Then the banks bet against the investment. Brilliant, but pure evil.
@pappersorm I guess merely claiming some sort of victory has taken the place of actually presenting an argument to support a position. Another pathetic liberal searching for relevance. XD
@aivilik poorer, often more uneducated people were blindly encouraged by mortgage institutions to take on these loans.. loans that the lenders knew they wouldn't be able to repay so they could make corporate profits. its absolute exploitation
Reading the comments below tells of the problem. Name calling. Liberal or conservative. No clue about this or that when really No one knows! Only the politicians know. Finally, the Evil doers in congress and the Whitehouse know how to make American people name call and put one another aganist each other.
I have been reading people tearing each other apart here. Is there anyway to find a common ground ? I think we all agree there is way to much greed in our government that needs to be held to the fire....If there was a way to find some sort of common agreement, we would be able to make things better...yeah a pipe dream I know...But without it... left and right will fight, as corporate agenda just marches on.
Michael Moore is wrong again. Many credit unions didn't have any problems because they didn't lend to people who were at a higher credit risk. Sub prime loans are for people who don't have good credit. Michael Moore knows this .
VIDEOTIMEMACHINE 1 year ago
The reason that these people were talked into buying homes and not told that their monthly payment would be jacked through the roof is because of the business model the banks created. They put people in positions where they only make money (sales comission) if they get someone to sign a mortgage agreement, so of course they won't tell you the bad news or you won't sign. That would be like cutting their own throat. Then the banks bet against the investment. Brilliant, but pure evil.
GreggTheEgg 1 year ago
@pappersorm I guess merely claiming some sort of victory has taken the place of actually presenting an argument to support a position. Another pathetic liberal searching for relevance. XD
bluegsp 1 year ago
@bluegsp
Own3d, n00b!!
pappersorm 1 year ago
@aivilik poorer, often more uneducated people were blindly encouraged by mortgage institutions to take on these loans.. loans that the lenders knew they wouldn't be able to repay so they could make corporate profits. its absolute exploitation
JeffPaul89 1 year ago 2
Reading the comments below tells of the problem. Name calling. Liberal or conservative. No clue about this or that when really No one knows! Only the politicians know. Finally, the Evil doers in congress and the Whitehouse know how to make American people name call and put one another aganist each other.
lebiew 1 year ago
I have been reading people tearing each other apart here. Is there anyway to find a common ground ? I think we all agree there is way to much greed in our government that needs to be held to the fire....If there was a way to find some sort of common agreement, we would be able to make things better...yeah a pipe dream I know...But without it... left and right will fight, as corporate agenda just marches on.
fztzbz85 1 year ago
@aivilik
You should watch a video before making a comment about it.
That's how it's supposed to be.
trakkaton 1 year ago
"just"? the conversation took place over a month ago.
"owned"" The liberal jack ass never presented an argument to "own" anything. Do none of you liberals have any ability to think for yourself? Pathetic
bluegsp 2 years ago
you just got LiberOwned
amielrox 2 years ago