Bailout Bill - Save the Homeowners Too

http://www.consumerwarningnetwork.com/2008/09/25/save-the-homeowners-too-here... If we have to rescue Wall Street with a $700 Billion bail out, we better make sure homeowners get some guarantees of help, too. This video tells the story of the grand daddy of all predatory lenders, Ameriquest, and shows why it's wrong to blame the borrower. Hear how homeowners dealing with foreclosures ended up there and hear the troubling revelations of employees who were on the front line convincing borrowers they were getting a good deal.

Category:

News & Politics

Tags:

• ameriquest
• bailout
• bill
• countrywide
• lending
• meltdown
• mortgage
• subprime

[imbubba56]

Somebody could rob a 7-11 and go to jail for 10 years but these white collar crooks rip people off for millions and get away clean.

[furiesego]

Vote all the incumbents out of Office this next voting period. They must all go show them that we will not stand for this, that we demand protection and we demand our rights. What ever happened to the American Way. Its not just owning a home that getting ripped out of our hands but our freedoms as well. We have only one thing that gives us power over Corporate America and that is our vote. So vote against the incumbent no matter how much you really like them.

[topgun51]

kill all of these pricks, find them, one shot one kill..

[stinkypoon]

Waaaahhhhhh the bank gave me money I can't pay back and get to walk away from whhaahhhhhhh!!!!

[mikeybrumbrum]

So, if share prices go up, rich peopel get even richer. But if hsare prices go down, WE get poorer.

Win, they get richer, lose, we get poorer.

They win, we lose.

There is NO other way, for this game to be played. The rules are so bent, that WE can NEVER win, ever, no matter what happens.

I have to say, this smells liek Germany BEFORE WW". The jews financially crippled Germany (in their normal style), and the Germans went to WAR, as the ONLY way out.

JEEEEEEEEEEEEEEEEWS !!!

[tomasleeman]

They scammed my Cousin Bob took out $10,000 in commissions on a cash out re fi

[sspsllc]

I tried to warn people about this years ago. No one would listen to me. I worked for an Atlanta closing agent that did almost nothing but close Ameriquest loans at astronomical fees and title insurance premiums. I refused to touch those loans and would only close the legitimate ones. I reported this and went to a website called "ripoff report" to talk about it. NO one was listening.

[Loftier]

If George Bush promised to seize all the assets of the incompetent, corrupt CEO's of these institutions, putting them in the poorhouse in the process, then he would have to ask for less from the working man and gain a lot more sympathy for the bailout bill. Here in the UK people are losing everything due to mis-sold mortgages yet the fund managers are still asking for bonuses even as their banks collapse. It's nauseating!

[notu286]

I agree.