The Mortgage Melt Down...How It Really Happened.
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Uploader Comments (tmotofga)
Top Comments
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This is genius. It explains the mortgage crises so well and the dishonesty of the banks, mortgage lenders, stock traders and mutual fund companies.
Where did this come from? The part about the SPV explains so much.
Sadly we citizens are only viewed as expendable sources of labor and income to too many corporations and government agencies.
1 year ago 6
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lol i can't believe you made a video like this.
1 year ago 6
Video Responses
All Comments (22)
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Tmot, you hit it dead on the head. The complicity between realtors and the loan companies/banks was unreal. Greed was running amuck and the low income, bad credit risk and uneducated people didn't care as long as they got those houses they couldn't afford. They played with those loop holes that Freddie and Fannie had in the group lending to the hilt and not one banker went to jail. I would be willing to bet that someone in the government was involved too.
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@tmotofga Indeed. But this goes back to Carter and every POTUS since who enforced the laws that made it illegal to not give loans to low income people.
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This would be a funny video if people didn't suffer from the consequences in the real world.
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LOL, Brilliant, T.Laffing in tears.Its just the facts, read em weep folks. :)
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i love it!!
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Good video. It would be cool if you did one on the loan shark, I mean credit card industry.
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The one thing that is missing is the part where the government held a gun to the banks' heads forcing them to make loans to those who couldn't afford them because they were minorities.
steve0281 3 months ago
@steve0281
It was LOW INCOME.
tmotofga 3 months ago 2
What program created this?
DamienNeverwinter 1 year ago
@DamienNeverwinter
State
tmotofga 1 year ago