http://... 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://...
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.
kolkron(October 28, 2008 at 9:34 am)
listen to him at 18:38all 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(September 20, 2008 at 7:28 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(August 14, 2008 at 10:31 pm)
He is right we don't need a bail out!IF YOU FEEL THE SAME WAY AND WANT REAL SOLUTIONS TO THIS CRISIS GO TO MY CHANNEL AND CHECK OUT SOME OF MY VIDEOS
ducks90(August 1, 2008 at 3:41 pm)
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-theFed
AlbertBenjaminHoward(July 29, 2008 at 9:48 pm)
very informative! now what?
poopiefase(July 28, 2008 at 5:32 am)
Why the fuck bail out the banks?
wooooozee(July 27, 2008 at 7:50 pm)
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.
dellsprospects2(July 27, 2008 at 5:14 am)
welcome to the new world order
dellsprospects2(July 27, 2008 at 5:06 am)
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
silveraguila(July 26, 2008 at 5:43 pm)
God bless you. Exactly.
idasputem(July 26, 2008 at 2:16 pm)
THEIVES in GOVT backed by THUG GOON POLICE on street.
