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The housing crisis is not just a problem for families facing foreclosure it is a problem for every homeowner in America. As long as foreclosures persist, home values will keep going down, and everyone loses. We are collecting stories from people all over the country who have been hit by the housing crisis so we can show what is really happening on Main Street and we need your help. Have you been affected by the housing meltdown? Foreclosed on? Underwater? Trapped in a predatory loan? Do you …
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Sunday, April 5th, 2009 at 2:50 pm
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April 5th, 2009 at 2:50 pm
America,
So …
America,
So much greed in the place where your morality should be. We’ll see how smart you uncle toms are when your families and high rise penitentiaries are destroyed by the flame of public outrage. Laugh now in the face of crisis, spurn on the hate that allows you turn a blind eye, but when it consumes you and all those you love…don’t ever ask why.
April 5th, 2009 at 2:50 pm
Welcome, taxpayers, …
Welcome, taxpayers, to the Kabuki Theater of AIG Outrage - where DC’s Best Performance of Hypocritical Indignation is showing. Spare me President Obama’s finger-wag. He’s “outraged?” Meh. Chris Dodd, the corporate crony who is the largest recipient of AIG donations, Obama is the 4th. If we hadn’t bailed out AIG = no bonuses for greedy execs.
Bailout-a-palooza is not good for all you naive voters that voted for hope & change without knowing what it meant. It’s not American Idol, vote smart.
April 5th, 2009 at 2:50 pm
Jealous really?Yeah …
Jealous really?Yeah I would LOVE to be in foreclosure.Thankfully we were SMARTER then these “victims” and didn’t fall into ARM/Prime mrtgs.We KNEW the housing bubble would burst and researched these toxic mortgages being offered. We bought a foreclosed home.A stealer sweet deal. 30 YFR w/ 20% down the old fashion way. Maybe these “victims” will educate themselves and not sign anything out in front of their noses. You are right It is a national epidemic of idiots both bankers and gullible buyers.
April 5th, 2009 at 2:50 pm
check for a green …
check for a green card
April 5th, 2009 at 2:50 pm
Affirmative action …
Affirmative action banking, ACORN, Fannie and Freddie Sub prime, Bank collapses Credit stops, Building stops = economy collapses
April 5th, 2009 at 2:50 pm
If these were …
If these were isolated incidents that happened here in there….then you might be right…..but when it is a National EPIDEMIC its a huge scam.
BANKS OUTRIGHT LIED, what don’t you get about this. Others were slickers then others, small time folks have gotten punished, but the big wigs stay smiling.
It seems to me your just stuck on the fact “they wanted a bigger house”, They did qualify and could afford it. It just seems like your jealous. Unfortunately they and others were scammed.
April 5th, 2009 at 2:50 pm
watch?v=vitSBqhWjfc
watch?v=vitSBqhWjfc
April 5th, 2009 at 2:50 pm
Quit calling these …
Quit calling these morons “homeOWNERS.” They never owned it, and never could. The proper term is “squatter.”
April 5th, 2009 at 2:50 pm
Um, the truth is …
Um, the truth is that if you are not a Mexican citizen you cannot own property in Mexico. So you’d never get a mortgage loan waved in your face in Spanish, let alone English. Mexicans are historically paranoid about foreigners owning anything on Mexican soil. Look up Pemex and other nationalized industries. You’ll see what I mean.
April 5th, 2009 at 2:50 pm
Would my mortgage …
Would my mortgage be in english if I bought from a mexican institution? Learn to read or dont buy a house. All these excuses from these underwater “home debtors” I lmfao. Stop up people.
April 5th, 2009 at 2:50 pm
If the bank denies …
If the bank denies you a fixed rate and offers a subprime you put on your thinking hats & research your off , understand what you are getting into. Some people just wanted a BIGGER home at all cost. I am not saying everyone facing foreclosure were being unrealistic. Wish there was a way to dissect the foreclosure crowd and compare how many were actual fraud victims and which just didn’t flip on time.
The banks are to be held responsible 100%.
But ignorance is also part to blame inexcusable.
April 5th, 2009 at 2:50 pm
you must have …
you must have missed the part, where they were ALL going to go into loan together to get a prime fixed rate. The banks had said no, so that they can screw them with the subprime one.
With the Fixed rate they would have afforded it, The bank simply lied to screw them.
What ever happened to the honest banker?
April 5th, 2009 at 2:50 pm
Yes that is a good …
Yes that is a good chunk of it. people took out loans when they couldn’t afford it. The banks shouldn’t have given those loans in the first place. But there are some people who were lied to and they signed the contract under false pretenses, and they didn’t understand the full ramifications of it all. In that aspect, the banks must be held accountable
April 5th, 2009 at 2:50 pm
yeah true but i am …
yeah true but i am sure many people didn’t understand all the legal aspects of signing that loan
April 5th, 2009 at 2:50 pm
Sorry these …
Sorry these families are suffering BUT a red light was lit.. with the first interviewee your parents wanted a larger home but you thought your mom would not qualify b/c she was not making enough money! But your still bought it? So maybe they should have stayed in their smaller home which they could actually afford. Sorry dude but it was the banks, lenders, and YOUR mistake.
April 5th, 2009 at 2:50 pm
you are
you are
April 5th, 2009 at 2:50 pm
Wtf is a troll… …
Wtf is a troll…you don’t even know what a bailout is, if AIG falls almost all of America falls with it.
April 5th, 2009 at 2:50 pm
troll
troll
April 5th, 2009 at 2:50 pm
are you retarded?
are you retarded?
April 5th, 2009 at 2:50 pm
how about NO …
how about NO BAILOUTS!
April 5th, 2009 at 2:50 pm
You have what’s …
You have what’s called common sense, and it’s not so common. I love how people like these people in the video dodge responsibility for their own stupidity. If one person would say “Gee I screwed up, can you help me?” I would. But they blame everyone but themselves. That’s what’s wrong with this country. Nobody accepts responsibility for their actions. Blame it on the loan officer, blame it on “the man”. Look in the mirror for once! YOU signed it.
Idiots…
April 5th, 2009 at 2:50 pm
That’s just it. …
That’s just it. They thought they had hired a person who could read the contract. Except that the billingual person was actually cheating them so he could get his commission check.
’stupido..” are you serious? What are we in second grade?
April 5th, 2009 at 2:50 pm
If you can’t read …
If you can’t read the contract you hire someone that can. That’s what you do. If you can’t afford to hire someone to read the contract, you can’t afford a house either. JFC on a stick, blame everyone but yourself. Stupido…
April 5th, 2009 at 2:50 pm
I really liked your …
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
There is software im using to send atleast 20,000 text message a day advertising my online business…it is amazing. I think they have a free demo to try as well autotextsender.(c0m) God Bless!
that is very awesome i love this
April 5th, 2009 at 2:50 pm
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