US Sub-prime mortgage crisis explained in 10 mins
How financial innovation and the creation of highly complex securities made it possible to disguise what was essentially junk debt as AAA-rated debt and sell it widely. Paul Krugman ("the most celebrated economist of his generation" -The Economist) explains in a clear and concise summary how he sees the US mortgage crises.
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Financial Crisis Explained - Subprime Mortgages
www.lucky-dog-investing.com A straight-forward simple explanation of the subprime mortgage crisis, which caused a world wide credit crisis.
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(Foreclosure Crisis- Subprime Mortgage) "Killing in the Name Of" Parody
The economic bubble in the housing market can't be blamed on one group alone. Most American's got greedy starting with the banks, wallstreet, underwriters, and even down to "Joe the Plumber". Housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of now even. On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history. Increased foreclosure rates in 2006--2007 among US homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[2] In October 2007, the US Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy." -Music arranged and performed by the "Domenator" for music services please email dominator at me.com LYRICS: Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Huuuuuuu! Buying in the name of Buying in the name of You got a sub-prime mortgage You got a sub-prime mortgage You just bought when they told ya You just bought when they told ya You got a sub-prime mortgage You got a sub-prime mortgage You just bought when they told ya You just bought when they told ya You got a sub-prime mortgage You got a sub-prime mortgage You just <b>...</b>
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The Subprime Crisis Illustrated
A blow by blow explanation of how the Subprime Mortgage Crisis of 2007 unfolded. This set of events ultimately lead to the Global Financial Crisis of 2008. Illustrated with 3D views of stock charts by MetaView. Visit us on the web at metaview.tv.
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Subprime mortgage crisis correlation with Bush administration?
After this speech in 2002 the amount of subprime mortgages went up radically. Report on RTL Z financial news channel. They state the current crisis isn't an accident in the free market, but is the result of planned actions of Washington. JDN717 send me a message saying: before you start blaming the us mortgage crisis on bush read this article from 1999 query.nytimes.com Seems this has been going on for longer..
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2010 Real Estate Market Investment Collapse - Sub / Prime Mortgage / Alt-A / Option ARM / Commerical
In 2007 the Real Estate Bubble began to deflate with Subprime mortgages busting the loudest. The stock market collapse in half in 2008. This 60-Minutes special features experts that say 2010 is going to be worse. Millions more Americans are going to face foreclosure with their homes underwater, even prime mortgages. Home values are going to decrease another 30-50% in the most inflated markets. Get out now and go into safer assets. Be ready investors and 401k holders, your stocks are about get cut in half AGAIN when this new panic across the entire platform of the housing market in 2010/2011. Deflation, then more bailouts/stimulus, then serious inflation.
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Subprime Mortgages: The Lose Your Home Industry
www.mslaw.edu Mortgages designed specifically to take advantage of individuals. In this 2004presentation of The Massachusetts School of Law's program, Books of Our Times, Dean Lawrence R. Velvel interviews Elizabeth Warren on her book The Two-Income Trap - Why Middle Class Mothers And Fathers Are Going Broke. Professor Warren is a Professor of Law at The Harvard Law School. The Massachusetts School of Law also presents information on important current affairs to the general public in television and radio broadcasts, an intellectual journal, conferences, author appearances, blogs and books. For more information visit mslaw.edu.
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Rocket Docket MBS Subprime Mortgage Fraud-101123.mpg
Lee County Rocket Docket expose by Matt Taibbi reveals how the two track justice system destoys due process in its rush to transfer property to the banks regardless of their inability to prove standing. Judges routinely set trial with outstanding discovery. When the Banks bundled and sold these crap MBS to unsuspecting investors, the note and mortgage were seperated. Now the Banks have to re-engineer the paperwork to steal the property back.
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Real Estate Woes: The Subprime Mortgage Crisis by CAP
www.americanprogress.org With each passing release of housing-related data, the picture becomes bleaker for the estimated 1.8 million homeowners with subprime mortgages whose interest rates have reset this year or are due to reset before the end of next year. Many of these borrowers and their families hold the 22 percent of adjustable rate subprime loans currently delinquent or the 3.84 percent of subprime loans that entered foreclosure in the second quarter of this year. For those still current on their loans, they can look forward to increases in monthly payments averaging 30 percent to 50 percent when their rates reset. There have been a number of proposals offered to help these and other troubled borrowers, but the range of solutions suggested to date still leaves a significant number of families without any solution to their problems. For more of CAP's work on the current housing crisis please visit THE CENTER FOR AMERICAN PROGRESS www.AMERICANPROGRESS.org
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Sen. John McCain on sub prime mortgages from SentinelSource.
Senator John McCain answers question on sub prime mortgages from Managing Editor Paul Miller during a Keene Sentinel Editorial Board interview on December 4, 2007 at www.SentinelSource.com and http as recorded by www.EventVideoTeam.com
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Real Estate Downfall
The Housing Bubble bursts on a speculator. Parody using a clip with Hitler as the real estate investor. He bought a house to flip, faces foreclosure, and now wants to get bailed out. Parody Fair Use of clip. See: www.publaw.com/parody.html
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Inflation, deflation, subprime mortgage crisis, & banks
On clarification: I shouldn't have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation
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Meltdown - The Global Financial Crisis? pt 1of 4
www.peoplestandup.ca by Terrence MdKenna's voice that this is from "DocZone," a CBC.ca The credit crunch The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead. The sub-prime crisis and housing bubble The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today's market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch. Although the housing collapse in the United States is commonly referred to as the trigger for the global financial <b>...</b>
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Freefall (2009) TV - Part 1 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
Meltdown - The Global Financial Crisis? pt 2 of 4
www.peoplestandup.ca Meltdown The credit crunch The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.
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CBC - The Coming Canadian Housing Bubble Feb 23 + Max Keiser on Canadian Banks
Except from a CBC interview on 02.23.12. Discusses Canadian household's increased fragility to a housing correction and implications for the Canadian economy (props to Leithvo). Ends with max keiser on canadian bankin from sept 2011. 650000+ Canadian mortgage holders would be in trouble if their monthly went up $100 theinfowarriors.com Canada's Housing Bubble Is Stretched to the Limit - Uploaded by Alexiscom1 on Feb 18, 2012 www.youtube.com I Cite Fair Use Fair Dealings for any potentially copyrighted material
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Freefall (2009) TV - Part 2 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
Freefall (2009) TV - Part 4 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
Shark-infested Equity Waters, Metals Manipulation and Energy Depletion
Follow us @ twitter.com twitter.com Welcome to Capital Account. Just when you thought it was safe to get back in the water...US and European stock markets remained under pressure today, some eurozone government bonds once again came under intense pressure from investors. We ask if we're headed for 2008 style trouble...has the subprime mortgage crisis given way to the subprime sovereign debt crisis? On that note, it's Friday the 13th again and we ask if the nightmare of risky, pre-crisis banking practices continues. In the murky, shark-infested waters we're talking about today, the London Whale is still making a splash as insiders report JP Morgan has transformed his department into a proprietary trading operation. And crude oil fell for the first time in a few days as China's economic growth slowed and Saudi Arabia's oil minister said there's no shortage of supply and the kingdom is determined to see lower oil prices. Headlines have been focused on the day-to-day, but what about the bigger picture of exponential energy depletion? We will speak to our guest, Chris Martenson, about all of this on today's show.
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Freefall (2009) TV - Part 7 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
Gerald Celente - Happy New Year 2012.
Subscribe www.youtube.com Trends Journal: www.trendsresearch.com Twitter: twitter.com Celente's accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash" and "the 2007 subprime mortgage scandal." His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the US[13] In December 2007 Celente wrote, "Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities ... whatever the spark, the stage is set for panic in the streets" and "Just as the Twin Towers collapsed from the top down, so too will the US economy ... when the giant firms fall, theyll crush the man on the street." He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012. Celente also predicted an "economic 9/11" and a "panic of 2008." In 2009 Celente predicted turmoil which he described as "Obamageddon" and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck's television program. In April 2009 Celente wrote, "Wall Street controls our financial lives; the media manipulates our <b>...</b>
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sub-prime mortgage blues-1st
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Greedy Banks Took His Home, He Is Fighting Back!
Discuss: facebook.com Share: mycuentame.org In 2008, Arturo de los Santos, a former Marine who lives with his wife and four children in Riverside, CA, fell victim to the economic crash caused by the greed of those on Wall Street. Like millions of Americans, he faced the prospect of mortgage default. Arturo was then encouraged by JPMorgan Chase & Co. to deliberately fall behind on his payments in order to modify his loan. A loan owned by Freddie Mac. Thinking the bank had his best intentions in mind, Arturo followed their instructions. Instead, JPMorgan greedily foreclosed on him, evicting Arturo and his family. Since then, Arturo has decided to fight back and re-occupy his home, even as he faces the possibility of arrest! Arturo could be forcefully removed from his house at any time. Cuéntame and the Alliance of Californians for Community Empowerment (ACCE) are working together to spread Arturo's story as wide as possible and tell JP Morgan and Freddie Mac that the abuse must end today! We need your help.
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Obama Admin Weak Vs Financial Fraud By Banks
In a speech at Columbia University, "Attorney General Eric H. Holder Jr. defended the Justice Department's record on financial fraud Thursday evening, asserting that the administration's "record of success has been nothing less than historic"...".* Did the Obama Administration go after any banks? Did they have any prosecutions? Cenk Uygur, Michael Shure and political comedian Jimmy Dore break it down on The Young Turks. dealbook.nytimes.com More Jimmy Dore: www.jimmydorecomedy.com More Michael Shure: www.youtube.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
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ONLY AN EXPERT - Laurie Anderson
Now only an expert can deal with the problem Cause half the problem is seeing the problem. Only an expert can deal with the problem Only an expert can deal with the problem. So if there is no expert dealing with the problem It's really actually twice the problem. Cause only an expert can deal with the problem Only an expert can deal with the problem. In America we like solutions. We like solutions to problems. And there are so many companies that offer solutions Companies with names like: The Pet Solution, The Hair Solution The Debt Solution, The World Solution, The Sushi Solution. Companies with experts ready to solve these problems. Cause only an expert can see there's a problem And only an expert can deal with the problem Only an expert can deal with the problem. Let's say you're invited to be on Oprah and you don't have a problem But you want to go on the show and so you need a problem And so you invent a problem. But if you're not an expert in problems You're probably not going to make up a very plausible problem And so you're probably going to get nailed You're going to get exposed And you're going to have to bow down and apologize And beg for the public's forgiveness. Cause only an expert can deal with the problem And only an expert can deal with the problem And only an expert can deal with the problem. And on these shows, the shows that try to solve your problems The big question is always: How can I get control? How can I take control? But don't forget this is a <b>...</b>
VP Debate - Subprime Mortgage Crisis: Who was at fault in...
www.c-spanarchives.org GOV. PALIN: Darn right it was the predator lenders, who tried to talk Americans into thinking that it was smart to buy a $300000 house if we could only afford a $100000 house. There was deception there. And there was greed, and there is corruption on Wall Street. And we need to stop that. Again, John McCain and I, that commitment that we have made, and we're going to follow through on that, getting rid of that corruption. One thing that Americans do at this time also, though, is let's commit ourselves -- just everyday American people -- Joe six-pack, hockey moms across the nation -- I think we need to band together and say, never again. (View cut data)Never will we be exploited and taken advantage of again by those who are managing our money and loaning us these dollars. We need to make sure that we demand from the federal government strict oversight of those entities in charge of our investments and our savings. And we need also to not get ourselves in debt. Let's do what our parents told us before we probably even got that first credit card. Don't live outside of our means. We need to make sure that as individuals we're taking personal responsibility through all this. It's not the American people's fault that the economy is hurting like it is, but we have an opportunity to learn a heck of a lot of good lessons through this and say never again will we be taken advantage of. MS. IFILL: Senator. SEN. BIDEN: Well, Gwen, two years ago, Barack Obama <b>...</b>
Inside the US subprime crisis 01 April 2008
The subprime mortgage crisis in the US is being felt deeply by those in the business of selling homes. With property sales dipping across the country, property agents are feeling the pinch. Adam B. Salem is a property agent in the state of Virginia who has a lot of clients, many of them immigrants, who took out subprime loans they can't re-pay. He tells his story in his own words.
Freefall (2009) TV - Part 8 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
D6: Occupy Our Homes | Occupy Wall Street Video
December 6, 2011: In a Brooklyn neighborhood hard hit by the foreclosure crisis, Occupy Wall Street joins local community groups to reclaim a bank-owned property for a homeless family.
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Freefall (2009) TV - Part 9 of 9
- Subprime Mortgage Crisis - 'Diamond' Dave Matthews works for a ruthless firm providing mortgages to families denied credit, regardless of whether they can afford the repayments. Divorced City banker Gus sells lucrative corporate mortgages over the phone and literally has orgasms at his own success.
Freefall 2009 Dominic Savage Cooper Laura Ainsworth Aidan Gillen Joseph Mawle Olivia Chamberlain Riz Ahmed Rosamund Pike Camilla Rutherford Olive Supple-Still
Hartmann: Why the 1% are Less Empathetic to the Poor
So doesn't it just seem to you like the 1% just don't give a damn about anyone else? That they lack basic empathy and compassion? This week - Bank of America got hit with a $335 million settlement for preying on minority homebuyers. Their subsidiary - Countrywide - systematically screwed over blacks and latinos - people who just walked in - looking to buy a home - and walked out with a subprime exploding mortgages - even though they qualified for the non-exploding normal mortgages that white people were getting Banksters looked at these prospective homebuyers not as customers - not as fellow Americans - not as neighbors or friends - but instead as suckers - people they could con into a crooked mortgage and walk away with extra fees. Where's the compassion for your fellow man? Meanwhile - in the House of Representatives - Republicans - nearly half of whom are millionaires - have spent most of this week fighting an extention of the payroll tax cut and extended unemployment benefits for the jobless. They just don't care about what a thousand dollar tax increase on 160 million Americans might mean: To many of them - like Darryl Issa - the second richest man in Congress - that's just pocket change. They don't understand what getting cut off from an unemployment check could do to a family. So they sit on their hands - or call unemployed people lazy - and tell the uninsured to take more responsibility for themselves. Where's the empathy?
Payroll Tax Cut Tea Party Speaker John Boehner Eric Cantor GOP President Obama Unemployment Benefits Big Picture Thom Hartmann
"American Casino" - Doc Investigates Roots of the Subprime Mortgage Meltdown 2 of 4
"American Casino" - Doc Investigates Roots of the Subprime Mortgage Meltdown and Tells the Stories of Its Victims The subprime mortgage meltdown was at the heart of whats been called the Great Recession of 2008. It caused more than a million Americans to lose their homes and brought Wall Street to its knees. A new documentary opening today in New York takes on the subprime crisis, tracking its roots on Wall Street and Washington and profiling some of its victims, mainly African American families who lost their homes. We play highlights and speak with filmmakers Leslie and Andrew Cockburn. [includes rush transcript]
What are Fannie Mae and Freddie Mac? Part 2
Subprime the Musical- Series of light-hearted podcasts designed to explain the Subprime Mortgage Crisis. To learn more visit: www.subprimethemusical.wordpress.com In this podcast, I explain how Freddie Mac and Fannie Mae started taking on more risk, and how Wall Street's sudden desire to get in on the mortgage market, may have encouraged Freddie and Fannie to get more into the risky mortgage market. E-mail: moneyandsociety@gmail.com
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Next Financial Crash: Buy Here Pay Here Used-Car Dealers
According to a report in the LA Times "Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They're attracted by the industry's average profit of 38% for each car sold...". Guest hosts Richard Eskow and Brian Unger discuss on The Young Turks. Learn more here: www.latimes.com www.latimes.com Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
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