This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed s...
This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.
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Obama Bombshell Redistribution of Wealth Audio Uncovered
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"Freddie Mae — Fannie Mae and Freddie Mac — I see the heads who are here; I want to thank you all for coming — (laughter) — have committed to provide more money for lenders. Theyve committed to help meet the shortage of capital available for minority home buyers.
Fannie Mae recently announced a $50 million program to develop 600 homes for the Cherokee Nation in Oklahoma. Franklin [Raines], I appreciate that commitment.
"affordable housing is a problem in many neighborhoods, particularly inner-city neighborhoods. Im doing is proposing a single-family affordable housing credit to encourage the construction of single-family homes in neighborhoods where affordable housing is scarce. Over the next five years the initiative will provide home builders and therefore home buyers with with $2 billion in tax credits to bring affordable homes and therefore provide an additional supply for buyers.
Bush and the GOP were responsible for the mortgage meltdown. Bush was in bed with Fannie and Freddy. Google Bush minority housing speech 2002. No more revionist history Republicans! Own up to your part--both the Dems and the GOP messed this up earlier this decade.
@HowardOfOz3565 IN GIFT ECONOMY ONE WORKS out of real, authentic passion for job, for helping people! Look wikipedia! I am physicain and I dream to work for free - but, I can't - I have to give terrifing drugs: I am slave of pharmaceutical industry! The drugs kill more ppl than street accidents! We are all slaves of money!
Autoshare makes certain YouTube activities public on the services you choose. Select only the services you are comfortable with - like Facebook, Twitter, or Google Reader - to let your friends know what you like on YouTube. You can turn Autoshare off at any time.
"Freddie Mae — Fannie Mae and Freddie Mac — I see the heads who are here; I want to thank you all for coming — (laughter) — have committed to provide more money for lenders. Theyve committed to help meet the shortage of capital available for minority home buyers.
Fannie Mae recently announced a $50 million program to develop 600 homes for the Cherokee Nation in Oklahoma. Franklin [Raines], I appreciate that commitment.
"affordable housing is a problem in many neighborhoods, particularly inner-city neighborhoods. Im doing is proposing a single-family affordable housing credit to encourage the construction of single-family homes in neighborhoods where affordable housing is scarce. Over the next five years the initiative will provide home builders and therefore home buyers with with $2 billion in tax credits to bring affordable homes and therefore provide an additional supply for buyers.
IN GIFT ECONOMY ONE WORKS out of real, authentic passion for job, for helping people! Look wikipedia!
I am physicain and I dream to work for free - but, I can't - I have to give terrifing drugs: I am slave of pharmaceutical industry! The drugs kill more ppl than street accidents! We are all slaves of money!
GIFT ECONOMY is on RAW VEGAN FOOD since 6 weeks and vegetarian since 20 years!