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U.S. Housing Credit Crunch

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Uploaded by on Sep 19, 2007

CBC reports on the housing credit crunch affecting much of the US

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News & Politics

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  • mustache

  • They took advantage of the poor blacks, just like in the 1800's

  • So much for the USA as a superpower!!! who's next??? at least the British lasted 400 years!! the Romans even longer!

  • The housing court fines landlords big money for small items. (Exterior pealing paint violation given in December - fine $300) The city gives computer traffic tickets to landlords on their way to court. The city tows car and gives tickets while in court. The property owner has to wait for 15 minute to catch an overcrowded elevator. The courtroom treats the tax paying working property owner like a criminal and gives them no respect. You think these landlords are going to buy and fix foreclosures.

  • All thanks to Wall Street, predatory lenders and this Republican administration's greed.  Be sure to vote Republican AGAIN in 2008. You did it in 2000, and AGAIN in 2004 even though it wasn't in your or any regular folk's best interest. Do it again and feed the impending recession. Or will it be depression?

  • This is not what capitalism does, this is what happen when your country in general is uneducated.

    And its only the beginning ... your whole country is owned by Chinese and the Middle East. Buy more SUVs to make sure the oil you buy give the Middle East enough money to buy more of your bankrup banks ...

  • Like the man said GREED is the culprit, isn't that what the USA is all about? Now its come to bit you in the ass!

  • Pay your bills and you won't be forclosed on.

    Pay cash.

  • My home town. One out of ten homes in foreclosure. Many will have to be razed. After the troubles in the '60s there, the city went down hard, and a lot was razed. Horrible playback.

  • yeah, it is the tyrannical capitalistic government

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