Mortgage Fraud Part 1 of 6 Dateline NBC Inside the financial fiasco
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I wouldn't say banks aren't responsible. Everyone is to blame! Where's nowhere people can get an education about mortgage unless they get lucky. It also used to be that you HAD to have the right income. Yet people would state their incomes and the company would make it look higher so they could have that sale of the mortgage on their record. Unless you are able (and most aren't) to watch every step and question everything you're likely to be cheated because it was all about money not reality.
dochokeana 1 month ago
i had $18,000 save up and my rent was $860 a mo and my take home pay was $11.05 after 5 year on the job and i when broke in one year .then in 2008 i pick up a job that pays a lot but
I'm still a home . just had a car bill for $4,000 and had some for $2,000 if you max out on rent
how would pay that ?
sha370z 1 month ago
Why can't you... as the buyer... do some fucking math?
HillChris1234 2 months ago
YOU MAKE $20,000/YEAR AND YOU BOUGHT A $400,000/YEAR HOUSE!!! It doens't take a college degree to understand that 1<2
HillChris1234 2 months ago
Its not the banks responsibility to tell you whether you can afford something or not. Someone needs to get an education. sorry to be cruel its just the way life is
gtobandit1 3 months ago
@JohnF30Music
Dude, i ment saying like " wall street " gets bailed out.
shaochiavang 4 months ago
@shaochiavang "wall street" is basically a trading place. how does the trading platform get into debt? You have no idea what you're talking about. I suppose you're talking about banks. Well, banks produce revenue, so they can recover from debt. by using leverage
JohnF30Music 4 months ago
FUCK THIS, wall street goes billions in debt and they get bail out. someone gets $1,000 in debt, and you lose everything
shaochiavang 9 months ago
0:07 :(
dkoch2 10 months ago
A big thanks to Chris Dodd and Barney Frank for destroying this country...
People have to understand that some people are just losers and should not be aloud to own a 259k mortgage... Not trying to be racist but come on, you all know these sub-primes were mostly black
Braveslion 1 year ago