Subprime Meltdown
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The sub-prime meltdown goes back to 1994, when Clinton created a National Homeownership Strategy that got risky borrowers to take out mortgages that they couldn't pay back. This was a real bad idea. So many houses are getting foreclosed on;That is not a good thing. It is both Clinton's fault for allowing these loans to be given and the fault of people who are considered risky borrowers for getting these loans.
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Sub Prime debt?Why dont they call it by its real name "Cunt Loans".Also,anyone who has seen the pig faced scum that work on the dealing floors of all stock exchanges will know that this downturn isnt just about Cunt Loans - its also about putting your economies in the hands of greedy self opinionated fuck wits that couldnt care less about their own mothers,let alone anyone else.Theres also the little matter of $billions being wasted on blowing up Iraq and Afghanistan-but thats a whole new story!
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One of the dumbest things I've ever seen. Couldn't watch the whole thing. Stupid.
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That was very entertaining, simple and accurate. And what has happening to all the evil sub-scum lenders ???
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Talented guys - but a little too smug about it, it shows, and hurts the funny.
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Well the equal lending act did not help either. Giving home loans to minorites even though their income is lower and they are a huge credit risk.
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Society recedes as quickly on one side as it advances on the other.
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global financial institutions
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we the people, are all idots for allowing this debt ridden illution continue
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You don't spend more than you earn. Thats common sense, something the rednecks lack.
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American Financial Institutions have pulled off the biggest scam that the world has ever seen. Once this scam is simpified as in this video...it is hard to believe that anyone fell for it.
gzies1 4 years ago 3
Quit buying shit you can't afford! I know that practicing some sort of fiscal responisibilty is a crazy concept but it actually works!!
jarvis1211 4 years ago 2