Foreclosure Fraud - MSNBC w/ Cenk & Matt Taibbi

Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with Matt Taibi of Rolling Stone about bank foreclosure fraud.

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News & Politics

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[capncrunch93able]

6 people who viewed the vid are bankster CEOs

[robinvan1983]

@elfornse :D you are golden :D You do know that economic growth is measured by the total of its economy not, by the sectors that are just doing good. Even in US recession, some sectors still flourished. Last time i checked the Somali population was doing so economically well that they still lived in mud houses and had no decent plumbing. the Somali pirates are raiding ships just as a hobby because they are already economically sound with the jobs they have before piracy.

[insurancegame]

It's great to see these corrupt businesses exposed.

[SuperHappyCow]

@genie0390 They were forced to make loans in all neighborhoods because we already went through this a century ago when speculators crashed the economy and made runs on the banks. We insure deposits, so they are forced to make loans to people in all neighborhoods, who can afford them.

The problem arose when they gave people who could only afford low interest loans adjustable interest rates, which were intentionally constructed to adjust to a really high rate, cause foreclosure, and secure bets.

[pttugasuk]

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[Bones98]

I like Cenk as an anchor. He's got great personality compared to all of those bland and boring anchors

[ytgv3fc7]

@elfornse That's the most ridiculous nonsense possible. Those providing an illegitimate legal system cause civil war. Those providing a 2nd legal system in competition cause war and murder.

[Gofightsystem]

We now know that the Sub prime mortgages did not cause the housing bubble to collapse though it did have a hand in it. What really caused it was the massive buying and selling of bad paper the the sub prime mortgage industry produce.

[Gofightsystem]

@mewimi so true in that context

[mewimi]

@Galondor Is that a joke? I hope so because Ron Paul is a joke lol

[Galondor]

@mewimi Elect Ron Paul 2012 and he will END THE FED and bring us alot closer to a "free market"