http://www.pbs.org/billmoyers BILL MOYERS JOURNAL travels to ground zero of the mortgage meltdown — Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis.. Aired Friday, July 18, at 9p.m. on PBS (check local listings). For more: http://www.pbs.org/billmoyers
Channel: News & Politics Uploaded: July 22, 2008 at 1:54 pm Author:PBS
Lucky7wins(Sunday 2nd of November 2008 01:52:15 PM)
Banks cannot fail if the US Gov keeps supplying them with liquidity. This is creating tremendous inflation we are going to feel once the banks begin lending the money away.
listen to him at 18:38
all those yale, havards, stanford grads cant add or subtract numbers? this was all planned to enslave the american people thru debt. NEO-SLAVERY, 21ST CENTTURY STYLE!
housechores(Saturday 20th of September 2008 12:28:15 PM)
I know people who took out the loans are also responsible...for taking up offers that were too good to be true. The concerned local government should have seized upon the idea of warning people about predatory lending as soon as the epidemic reared it's ugly head. They should have used billboards, radio, TV, whatever...educating the unwary is key.
MoeBedard(Thursday 14th of August 2008 03:31:53 PM)
He is right we don't need a bail out!
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Incredible!!! the incompetents at the Fed that raised the discount rate 300% in 24 months debating with the people that hired them (Congress), both pointing fingers at the cause of this mess?
We don't need a bail out; we need a vehicle to sue these clowns for malpractice.
A loan that worked fine for 20 years is suddenly a predatory loan because the Fed, not the bank, raised the rate?
The problem wasn't a lack of regulation but that it was regulated by Congress and their creation-the Fed
organizations like the nwbccc in the bronx have targeted orgs. like freddie mac since the 70s for their preditory, irresponsible behavior. it is sad to hear this spoken as "new news" when in fact, the problem is so new and we are all - in some way - in collusion with these folks. our deal searchin, credit usin, no saving chickens are coming home to roost. makes jersey mob loansharks look like gupies.
this makes me so angry...i can't believe they knew..since 2001..obviously now we know the legislation is in favor of the ELITE SCUM THAT WANT TO MAKE MONEY AND GRAB LAND EVIL BASTARDS
