Real Estate Woes: Subprime Mortgages Are a Ticking Timebomb

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Uploaded by on Mar 27, 2007

Center for American Progress Senior Fellow Dr Christian Weller appeared on CNBC to discuss subprime mortgages and how consumers can protect themselves.

For more on subprime mortgages and foreclosure rates please see:
http://www.americanprogress.org/issues/2007/03/foreclosures_numbers.html

What if 40 hours a week were enough?
www.AMERICANPROGRESS.org

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Top Comments

  • It's not just people getting loans they will never repay. We have a weak dollar and the whole economy is going to collapse.

  • Stop the banks from throwing mortgages and credit cards at people.

    And stop stupid people from getting loans they know they can never repay.

    This epidemic of greed and irresponsibility has got to stop.

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All Comments (15)

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  • guess what american childrens going to say for Halloween ?

    surprise ? noo SUBPRIMES LOOOOL

  • The savings habits of this country suck. Credit cards are like dope once your hooked

    try to get off when Bush and his big corporation butt buddies are sending all the jobs overseas.But then look at the government

    and how they have managed money with Bush and

    the congress spending it like crazy on another

    unnecessary war which only benefits the large

    corporations. Makes you sick. We're so fucked.

  • Freakin' chip board and knock on walls--it's HALLOW.And the price the're asking.IF enough people will say--we're NOT buying this junk for this PRICE.Then they will adjust their RIGHT PRICE.But.bec there's too many succers.need i say more!

  • In debt? Suffering a foreclosure? Work too hard not making ends meet and still wondering why? Discover the secrets why the rich get richer but the rest of us work like slaves. See google video "Money as Debt".

  • Funny how the wankers on Wall Street are all for deregulation when it allows them to game the system but when things go tits up as a result of their scams they're the first to cry for governmental intervention to save their gutless asses. Lending restrictions exist for a reason.

  • People are buying homes they can't afford. End of story.

  • Who loaned them the money? By the way, employment was down in August for the first time in four years - Countrywide announced 10000 layoffs... after the market closed of course. Get the picture?

  • Subprime BORROWERS are the ticking time bomb. PAY YOUR PAYMENTS PEOPLE!!!!

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