The Mortgage Banking Meltdown

waw these clips are so well made..congrats!

You forget the governments involvement.

Nice work! Thanks

That's definitely one of the most informative videos I've seen about this subject. Thanks for posting it.

Glad you enjoyed it. Granted, it's simplified, but we're glad it has started discussion, especially in our first video you can see in the link provided. Thanks for watching!

thehelpfund.blogspot

Actually CRA loans are still considered profitable; see the House hearing with law professor Michael S. Barr, a Treasury Department official under President Clinton. Additionally, the brokers mentioned in the movie above are exempt from CRA. Had CRA applied to them, they wouldn't have been able to sell shoddy mortgages.

This is very true. This is part of a series of videos exploring some of the causes behind the crisis. In no way were we intending to point out one guilty party, as the situation seemed to be a perfect storm of several different issues occurring at the same time.

We hope to do another video that will further delve into some of the other pieces of the puzzle.

Thanks for expressing a level-headed comment on the subject! That seems to be a rare thing to find on the net these days.