Mr Mortgage - HERE COMES THE ALT-A CRISIS 4-16-08
Visit my new blog… mrmortgage.ml-implode.com Mr Mortgage Exposes ALT-A Crisis Coming to a City Near You Soon
Visit my new blog… mrmortgage.ml-implode.com Mr Mortgage Exposes ALT-A Crisis Coming to a City Near You Soon
more false BS–actually ACORN along with congress forced lenders to give credit to people with poor credit–and banks got greedy and did what they asked. That coupled with poor financial awareness of the borrower not reading thier loan documents caused the problem..
nawkrm ……bud, that’s exactly what has been happening in Australia here, in Queensland they were called the ‘RENO KINGS’…..they buy a house that needs work, cheap as!… very cheap and tacky fittings and even used secondhand fixtures, sold it at a silly price within 1 to 3 months and people fell for it. Then there are the people with property portfolio’s, there to blame as well. From what I am hearing those people are becoming very worried.
You’re absolutely right. People took out mortgages they knew they couldn’t afford simply because they expected to make a quikc profit by flipping the properties. The banks made those loans available, but those greedy flippers are the ones who chose to take a risks.
thehelpfund.blogspot
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
Great vid thanks for the info.
There is a recession around every 18 years. Let it pass through then everyone can get back to “borrow and spend” …. till the next one …
How can the problem be addressed?? All that money is GONE. The damage was done when the loans were given out…what can possibly be done about it at this point?
Anyone that has taking on a mortgage in the past number of years (and deep down new they could not afford it) are to blame for this mess just as much as the banks and the corperations!
I have no sympathy for either!
Why should us innocent tax payers bale your greed and stupidity.
Just get ur credit card out as normal. Stop worryin. Can always pay next month. Who needs cash? Get on the dole and enjoy life. Its what you all deserve in Uk for fucking the place up.
Great real info!!!!
AND.. isnt it the same as us, the peopel, since we are the ones who are payng this “bail out” fee, paying MORE for all our mortgages ??
Its a con, and ht epeopel who made the con, should be brought to justice !!!!
They lent LOTS of money so that house prices would increase dramaticaly.
Then, they sold people “EQUITY RELEASE”, so that they could BUY half yur house off you. NOW, they say there is a crisis, so the house price will fall - SOON they will own your WHOLE house (or anyone who had equity release, anyway).
So, WHO is gonna bail me out of my “equity release” problems, which could lead to me losing the WHOLE of my house, to these bankers ??
NO oNE, thats who !
NOOOOOOOOOOOOOOOOO !!!
He makes some good points here - thanks for talking slower in this one - others are like manic talk SPEED!! lol…
If this guy is correct, then watch e*trade (ETFC). See if its rally starts to roll over. It is one of the few banks he mentions by name in his posts, and though he doesn’t say it directly, he obviously thinks its doomed.
First the earnings were terrible, but they did beat expectations, and for pps that’s all that matters. In fact, the financials probably will continue to rally. The point he is making is that we are between storms and the next one is bigger and about to pick up momentum.
How come they just now posted good earnings and even raised dividends? Are they lying?
spot on!! terrific information, thanks!
Dude, seriously, you are the man! GREAT INFORMATION!!!!
34.) Everything in the “United States” is For Sale: roads, bridges, schools, hospitals, water, prisons airports etc. I wonder who bought Klamath Lake? Did anyone take the time to check? (Executive Order 12803)
35.) We are Human capital. (Executive Order 13037)
36.) The UN has financed the operations of the United States government for over 50 years and now owns every man, women and child in America. The UN also holds all of the Land in America in Fee Simple.
wow, this is one of the most alarming pieces I’ve seen about Alt A’s. I enjoyed being able to see the actual figures. Great work on all your videos.
Great vids Mr. Mortgage…
let the chips fall
NO BAILOUTS!
A detailed level of analysis rarely seen on Youtube. Thanks for the service. Keep up the good work.