Inside the US subprime crisis 01 April 2008

The subprime mortgage crisis in the US is being felt deeply by those in the business of selling homes.
With property sales dipping across the country, property agents are feeling the pinch.
Adam B. Salem is a property agent in the state of Virginia who has a lot of clients, many of them immigrants, who took out subprime loans they can't re-pay.

He tells his story in his own words.

Category:

News & Politics

Tags:

• Al
• Jazeera
• US
• economy
• realtor
• estate
• agent
• subprime

[chewbaca1989]

Federal Reserve is at fault, usury.

[sugarpuddin88]

As the banks and FED create more money out of thin air, the less our dollar is worth

It has devalued 40% since 2001 against the Euro

Thanks lil' Bush!

Took our money; took our liberties; made us hated in the world

It goes back to Grandfather Bush; then CIA spook Bush; then lil' Bush whose only money he ever made came from the Bin Laden family!

[flagship21]

The Big Boys sold the brockyn brigde

[Corsaircid]

@bc5620

u r correct.However the lenders just wanted the sale for a fee.

"Everything will be just fine,Just sign right here."

Cheers!

[bc5620]

can't always blame and point fingers at banks, you have to blame the borrowers too..they are adults they should find out all they need to find out before making their committment to signing the loan docs

[xpandergt]

When money becomes so cheap, the supply becomes more then demand. That supply of money has to go somewhere, the lowering of standards was the dam bursting to allow this to happen.

[saveurhomeplease]

Don't Get Foreclosed On Modify Your Loan go to homesaver(DOT)tk

[VillejeanRyder35]

guess what american childrens going to say for Halloween ?

surprise ? noo SUBPRIMES LOOOOL

[tellthetruthh]

HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!