The Mortgage Banking Meltdown
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haha, its amazing how unbelievably ignorant and simplistic the person who made this video is. Brokers submit the application to the bank for starters, numbnuts. So why did the bank accept them? Ever hear of Fannie Mae and Freddie Mac? They were insuring the first 20% of principal. Sorry if this doesn't fit with your anti-corporate ideology.
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THE AWFUL AUGHTIES. Remember the insanely aggressive push for houses, the bigger the better? McMansions galore, Hummers, outsized living, scary waste. People with really bad credit scores were shoved into the largest house possible... all for the broker short term fees.
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waw these clips are so well made..congrats!
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You forget the governments involvement.
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Nice work! Thanks
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That's definitely one of the most informative videos I've seen about this subject. Thanks for posting it.
Elephant1960 3 years ago
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!
EnspireLearning 3 years ago