Bad Credit Mortgages and Home Loans

The Financial Crisis of 2008

admin — Mon, 06 Feb 2012 22:50:38 +0000

The Financial Crisis of 2008 was an economic bubble that reached its limits and exploded. A bubble is simply where prices continue to rise beyond the true value. People buy, simply because they believe everybody else is going to buy. A bubble is based on speculation, expectation and ignorance. When these three elements collide it creates a crisis, which is often defined by irrational financial exuberance. The causes of the economic crisis of 2008 are related to the Bush administration’s attempt to finance the war in Iraq with, basically, inflation. The Federal Reserve cooperated by financing the Iraqi war, by essentially lending money to the American state. But printing new money out of thin air, actually devalues the national currency, this is called inflation. This cheap money went straight into the economy, particularly the residential housing market. As a consequence the demand for houses rose; and housing prices took off like a rocket in 2001. Thanks to inflation the prices further accelerated in 2004. More and more people took on mortgages based on cheap currency. The lenders then sold the mortgages as bundles to secondary investors, such as American banks. The American banks then sold their bundles to banks in other countries. This is how American debt spread around the world and became a real international financial crisis. European banks were selling and buying American mortgage as bundles. And all the while all of this was based on cheap money, with no value …

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Desert Under Water: How The Foreclosure Crisis Happened

admin — Mon, 06 Feb 2012 22:48:53 +0000

8 News NOW’s Colleen McCarty takes you on a graphical journey on how the Foreclosure Crisis happened. To watch the entire Desert Underwater Special, visit 8nn.tv .

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Meltdown – The Global Financial Crisis? pt 1of 4

admin — Fri, 03 Feb 2012 22:49:57 +0000

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 …

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Foreclosure fraud Hitler parody

admin — Fri, 03 Feb 2012 22:49:36 +0000

Update: Obama formally vetoed the bill. Created by bergziege @ www.tickerforum.org I follow www.market-ticker.org and www.zerohedge.com

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BBC American Nomads

admin — Tue, 31 Jan 2012 22:50:24 +0000

Beneath the America we think we know lies a nation hidden from view – a nomadic nation, living on the roads, the rails and in the wild open spaces. In its deserts, forests, mountain ranges and on the plains, a huge population of modern nomads pursues its version of the American dream – to live free from the world of careers, mortgages and the white picket fence. When British writer Richard Grant moved to the USA more than 20 years ago it wasn’t just a change of country. He soon found himself in a world of travellers and the culture of roadside America – existing alongside, but separate from, conventional society. In this film he takes to the road again, on a journey without destination. In a series of encounters and unplanned meetings, Richard is guided by his own instincts and experiences – and the serendipity of the road. Travelling with loners and groups, he encounters the different ‘tribes’ of nomads as he journeys across the deserts of America’s south west.

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DYLAN RATIGAN: FORECLOSURE FRAUD & $45 TRILLION DOLLARS

admin — Tue, 31 Jan 2012 22:48:39 +0000

stopforeclosurefraud.com Source The Dylan Ratigan Show- www.msnbc.msn.com . In accordance with Title 17 USC Section 107, any copyrighted work in this message is distributed under fair use without profit or payment for non-profit research and educational purposes only. GRG [Ref. www.law.cornell.edu

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Keiser Report: Spiral of debt towards the paranormal (E233)

admin — Sat, 28 Jan 2012 22:50:06 +0000

Every week Max Keiser looks at all the scandal behind the financial news headlines. In this episode, Max Keiser and co-host, Stacy Herbert, discuss Brits using payday loans to pay off interest only mortgages while Greeks bury their cash for fear of being Gaddafi’d by the banksters. In the second half of the show, Max talks to David Morgan of Silver-Investor.com about silver, Sprott and bonds. KR on FB: www.facebook.com

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Occupy Atlanta Encamps To Save Cop’s Home

admin — Sat, 28 Jan 2012 22:48:16 +0000

Occupy Atlanta Encamps To Save Cop’s Home

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Bank of America CEO: Thank Us!

admin — Wed, 25 Jan 2012 22:50:39 +0000

Bank of America (BOA) CEO Bryan Moynihan made some questionable comments in deflecting criticism. The Young Turks host Cenk Uygur explains. www.huffingtonpost.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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Foreclosure Fraud – MSNBC w/ Cenk & Matt Taibbi

admin — Wed, 25 Jan 2012 22:48:44 +0000

Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with Matt Taibi of Rolling Stone about bank foreclosure fraud.