Credit Crunch
Top Comments
All Comments (32)
-
ty
-
@apathyriot This is too funny especially the end. Kudos for whoever placed it
Thanks
-
why were u cutting some lines ? Silly moron.............
-
What's up with the sound?
-
"It's as sophisticated as it ever gets..." Oh this is great. This is a gem...too good
-
Credit Crunch
August 1 ,2010
GOVERNMENT-MORTGAGE-RELIEF
SHORTSALE1000
1-800-270-2928
-
@bayhoecott Sadly had Europe not bought into socialism, they wouldn't have been depending on the United States for their financial security. plenty of blame to go around. now had the politicians in the U.S. not bought into socialism, they would'nt have been forcing banks to make loans to people who had no chance to pay them back. now showing how insane he really is Obama is prodding banks to make more loans to those who can't afford to pay them back.
-
The mortgage problems started in 1993 when Bill Clinton expanded the Community Reinvestment Act. This required banks to provide more mortgages to low-income "bad credit" people. Eventually, The US imposed a requirement on Fannie and Freddie to produce X mortgages to low income people. With so few low-income people with good credit, they had to lower their standards. Thus the bubble burst.
Bad things happen when Republicans are in office, because of the Democrats that came before them!
-
i blame bush....
-
I doubt that this is improv...
if you are unable to understand the video, then keep your moronic opinions to your self, this is taking the piss OUT of these bankers, and explaining how they did and still are getting away with it, what they do on this sketch is nail what these bankers are doing, which is clearly beyond you, so I stick to my previous statement.
apathyriot 2 years ago 11
Well done Bird and Fortune for explaining credit crunch started by flawed sub-prime lending in the USA. Thanks for sharing the clips that explain lies behind crunch, and the bailout lotteries to help rich friends.
fixyaexperts 2 years ago 7