Posts Tagged ‘Crisis’
The Subprime Mortgage Crisis: Code, Crash, & Open Source
Erik Gerding, assistant professor, UNM School of Law, discusses how mortgage investments work and how that process led to the subprime mortgage crisis. Part of Global Instability: Causes, Consequences, and Cures, a lecture series organized by UNM’s International Studies Institute.
Duration : 0:51:54
Subprime mortgage crisis correlation with Bush administration?
After this speech in 2002 the amount of subprime mortgages went up radically. Report on RTL Z financial news channel. They state the current crisis isn’t an accident in the free market, but is the result of planned actions of Washington.
JDN717 send me a message saying: before you start blaming the us mortgage crisis on bush read this article from 1999 http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1#
Seems this has been going on for longer..
Duration : 0:1:34
State Sovereignty
This is worth reading and monitoring.
Nothing may come of this, but worth taking notice
In the event that something does indeed happen.
Watch in HQ:
******** Update 05/10/2009 ***********
HCR 6 – New Hampshire Sovereignty Bill
“Inexpedient to Legislate”
It means the bill died before it got to the floor.
http://gencourt.state.nh.us/bill_status/Results.aspx?q=1
Maybe they were bought out with HR1 Stimulus money?
********** Update 04/24/2009 ****
Montana Firearms Freedom Act – House Bill #246
Language asserts 10th Amendment
http://data.opi.mt.gov/bills/2009/billhtml/HB0246.htm
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Update: 4/20/2009
Ron Paul 2012- Ron Paul on Secession 4-20-09
http://www.youtube.com/watch?v=ITz2SOmR8J4
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Update: 04/12/2009
Gov. Perry Backs Resolution Affirming Texas Sovereignty Under 10th Amendment – Part 1
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California Counties Begin Secession – This is how Civil War Begins!
Michigan
Go to: House Concurrent Resolution No. 4.
http://www.legislature.mi.gov/(S(p32jvnrbuinnav55vxcqic55))/documents/2009-2010/Journal/House/htm/2009-HJ-01-22-002.htm
Or try this.
http://www.legislature.mi.gov/(S(wym4kh45ycl3lp45nt254245))/mileg.aspx?page=GetObject&objectname=2009-HCR-0004
Missouri
http://www.house.mo.gov/content.aspx?info=/bills091/bills/HR212.HTM
Oklahoma
http://axiomamuse.wordpress.com/2009/01/07/state-legislator-charles-key-wants-to-limit-federal-power/
Hawaii
http://www.hawaii-nation.org/
Washington
http://apps.leg.wa.gov/billinfo/summary.aspx?year=2009&bill=4009
New Hampshire
http://www.gencourt.state.nh.us/legislation/2009/HCR0006.html
Arizona
http://www.azleg.gov/Formatdocument%26?inDoc=/legtext/49leg/1r/bills/hcr2024p.htm#183;asp
Montana
http://data.opi.mt.gov/bills/2009/billhtml/HB0246.htm
Research the material, be watchful!
Duration : 0:3:8
Mr Mortgage Exposes Wells Fargo’s Toxic Waste 4/7/08
Visit my new blog…
http://mrmortgage.ml-implode.com
Wells Fargo Subprime toxic waste exposed. Do they have to raise capital? Mr Mortgage shows a 2006 Wells rate sheet. This is hard evidence of Wells doing nasty subprime loans for borrowers with scores as low as 500 and 120-day mortgage late payments, which is essentially foreclosure status. They did not sell this directly to consumers, rather used correspondents like New Century, Accredited, Countrywide etc to rebrand the programs and sell them as their own. This is a very common practice but this just proves Wells is dirtier than most. First, because not everyone did subprime. Second, because they lied of course.
Duration : 0:7:48
The dollar carry trade, my mortgage bankers presentation
also check me out on http://facebook.com/SchiffReport and http://twitter.com/PeterSchiff
Duration : 0:6:51
Mr Mortgage – Home Equity Delinquencies Surge
Check out my new blog…
http://mrmortgage.ml-implode.com
S&P, BofA and Fitch all concur that the ‘Home Equity Implosion’ is knocking on, or kicking down rather, the front door.
Duration : 0:6:22
Mortgage Foreclosure Rescue Scams – Documentary Video
Mortgage Foreclosure Rescue Scams – Documentary Video
We Stop Foreclosure Rescue Scams (2008) by Kyra Olds
This is a documentary about mortgage foreclosure rescue scams that are occurring across the country in light of the growing foreclosures. The movie describes common scam tactics and how distressed homeowners fall for these scams. The movie concludes with what lawyers can do to challenge these scams in court and the Washington State Legislature’s response to try to to stop these scams by passing House Bill 2791 and Senate Bill 6381. It is intended to educate advocates so they can better assist homeowners facing foreclosure.
Director: Kyra Olds
Producer: Northwest Justice Project
Sponsor: Eric Dunn
Keywords: foreclosure rescue scam; washington; mortgage; foreclosure; 2791; northwest justice project; njp
Contact Information: Northwest Justice Project 401 2nd Ave S Seattle, WA 98104 www.nwjustice.org
Creative Commons license: Attribution-Noncommercial-Share Alike 3.0 United States
Credits:
We Stop Foreclosure Rescue Scams
by Northwest Justice Project;
Featuring:
Eva, Client of NJP; Eric Dunn, Attorney at NJP; Melissa Huelsman, Private; Attorney in Seattle; Judy Poston, Housing Counselor at Solid Ground; Julia Kellison, Attorney at NJPl; Fred Corbit, Attorney at NJP
Produced by: Kyra Olds, Intern at NJP
Foreclosures are increasing nationwide, and so are scams that promise to rescue homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home. Foreclosure con artists take advantage of people who have fallen behind on their mortgages and face foreclosure. Con artists know that people in these situations are vulnerable and likely to be desperate. Potential victims are easy to find: mortgage lenders publish notices before foreclosing on homes. After reading such notices, con artists approach their targets in person, by mail, over the telephone, or by e-mail. They advertise their services on Web sites or publications. They often refer to themselves with titles that sound official, such as foreclosure consultant or mortgage consultant, and market themselves as a foreclosure service or foreclosure rescue agency. Your mortgage lender or any legitimate financial counselor can help you find real options to avoid foreclosure. If someone offers to negotiate with your lender and offers to arrange to stop or delay foreclosure for a fee, carefully check his or her credentials, reputation, and experience. To protect yourself, follow the recommendations contained in this Consumer Advisory.
Duration : 1:34:41
Mortgage Meltdown – 44min. documentary
See full film here:
http://journeyman.booserver.com/store?p=2556
17 September 2007
What will be the global fallout of the US subprime mortgage crisis? How can unscrupulous mortgage brokers in America send world stock markets into a spin? ‘Mortgage Meltdown’ examines how our interconnected finance systems left the world vulnerable to a global credit crunch. It traces the current crisis to the fallout from September 11, hearing from the families now facing destitution while the ‘market corrects’. With banks now afraid to lend to each other, the subprime mortgage crisis threatens to push America, and possibly the rest of the world, into recession.
Produced by ABC Australia
Distributed by Journeyman Pictures
Duration : 0:10:8
VP Debate – Subprime Mortgage Crisis: Who was at fault in…
http://www.c-spanarchives.org/library/vidLink.php?b=1222996152&e=1222996517&n=002
GOV. PALIN: Darn right it was the predator lenders, who tried to
talk Americans into thinking that it was smart to buy a $300,000 house
if we could only afford a $100,000 house. There was deception there.
And there was greed, and there is corruption on Wall Street. And we
need to stop that. Again, John McCain and I, that commitment that we
have made, and we’re going to follow through on that, getting rid of
that corruption.
One thing that Americans do at this time also, though, is let’s
commit ourselves — just everyday American people — Joe six-pack,
hockey moms across the nation — I think we need to band together and
say, never again.
(View cut data)Never will we be exploited and taken advantage of again by those who
are managing our money and loaning us these dollars. We need to make
sure that we demand from the federal government strict oversight of
those entities in charge of our investments and our savings.
And we need also to not get ourselves in debt. Let’s do what our
parents told us before we probably even got that first credit card.
Don’t live outside of our means. We need to make sure that as
individuals we’re taking personal responsibility through all this.
It’s not the American people’s fault that the economy is hurting like
it is, but we have an opportunity to learn a heck of a lot of good
lessons through this and say never again will we be taken advantage
of.
MS. IFILL: Senator.
SEN. BIDEN: Well, Gwen, two years ago, Barack Obama warned about
the subprime mortgage crisis. John McCain said shortly after that in
December he was surprised there was sub
Duration : 0:6:6
Inflation, deflation, subprime mortgage crisis, & banks
On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates.
My views on the debate about inflation vs. deflation and the subprime mortgage crisis.
keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation
Duration : 0:9:30