Mortgage Meltdown - 44min. documentary

See full film here:
http://journeyman.booserver.com/store?p=2556

17 September 2007
What will be the global fallout of the US subprime mortgage crisis? How can unscrupulous mortgage brokers in America send world stock markets into a spin? 'Mortgage Meltdown' examines how our interconnected finance systems left the world vulnerable to a global credit crunch. It traces the current crisis to the fallout from September 11, hearing from the families now facing destitution while the 'market corrects'. With banks now afraid to lend to each other, the subprime mortgage crisis threatens to push America, and possibly the rest of the world, into recession.

Produced by ABC Australia
Distributed by Journeyman Pictures

Category:

News & Politics

Tags:

• Journeyman
• Pictures
• USA
• mortgage
• crisis
• market
• news
• documentary
• current affairs
• journeyman
• journeyman pictures

[johnnyfast]

all the ordinary working people who live within their means are paying for bankers greed and stupidity.

[PisceanBeautyy]

I'm really lost here. Instead of blaming one person, maybe you should blame those truly at fault: lenders who approved mortgages that they should have known people couldn't afford, and those that weren't realistic about their finances and what they could truly afford.

[fivequotes]

I would like to thank you for sharing this. I am looking for this.

[me4u]

whose the idiot at the end who said that the bankers got screwed. They never lost anything? They got large bonuses and incomes and made millions.

[pretorious700]

The whole US economy is a greed pyramid.

[flowewritharoma]

IN UCBerkeley events, I had seen something like that.

[monkeyman1140]

@RoniCMaster

CRA 1977 had nothing to do with it. Its hilarious to blame Jimmy Carter for it, typical reaganite you are!

Home prices were pretty stable until 1999 when Gramm-Leach-Bliley 1999 was passed (Senate bill sponsored by 3 Republicans and passed by Republican dominated house and senate and signed into law by Clinton)

[monkeyman1140]

Lenders knew the loans were bad, but they securitized and sold off the loans before they could suffer the repercussions. They essentially were handing over the hot potato to the unlucky person at the end of the chain, which is the quintissential idea of a ponzi scheme.

Homeowners faithfully paid their mortgages, even when they skyrocketed. They only defaulted when they ran out of money, which drained their finances.

[spectrum2000now]

Bankers do make a lot of money from the ordinary citizen of the states. Hope this scam will be gone.

[88888FORCE]

Mortgage Meltdown

Nov-19-2010 --- Global fallout of the US subprime mortgage crisis?

How can unscrupulous mortgage brokers in America send world stock markets into a spin? ' examines how our interconnected finance systems left the world vulnerable to a global credit crunch. With banks now afraid to lend to each other, the subprime mortgage crisis threatens to push America, and possibly the rest of the world, into recession.

GOVERNMENT MORTGAGE RELIEF

1-858-366-4777

1-800-270-2928

[noearaujo]

I aint buying to damn DVD