They had nothing to do with the subprime mortgage and economic meltdown in the United States or Western Europe NOTHING
Duration : 0:11:56
the truth about Derivatives Financial derivatives kevin D. blanch 2/16/12
Keiser Report: Pirates & Protesters (E197)
This week Max Keiser and co-host, Stacy Herbert, talk about pirates and protesters and about ponzi schemes operated by Brooks Brothers Bolsheviks. In the second half of the show, Max Keiser interviews Michael W. Hudson about Countrywide’s role in the subprime mortgage fraud that Obama’s Justice Department refuses to prosecute.
KR on FB: http://www.facebook.com/KeiserReport
Duration : 0:25:40
Simple Truth NEWS UPDATE: Cant Use CASH To Pay Your Mortgage?
It is NO SECRET that our dollar CAN NOT buy what it once did. The U.S. dollar is declining and many people are not making any plans to protect against it. What would happen if you went into the grocery store, gas station or even your local bank and they WOULD NOT accept your ‘hard earned’ dollar?
Well, that day is NOT coming IT IS HERE!
In California, ‘You can’t use CASH to pay your mortgage!’
YouTube Video:
The Simple Truth is…’ONLY you can protect your personal finances, by investing in tangible assets…Gold, Silver, Copper, etc…’
The simple things are often times the most profound, yet they are the most difficult to do!
Duration : 0:3:41
Gerald Celente – Happy New Year 2012.
Subscribe http://www.youtube.com/user/wakeup2nwo
Trends Journal: http://www.trendsresearch.com/journal
Twitter: http://twitter.com/wakeup2nwo
Celente’s accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash” and “the 2007 subprime mortgage scandal.” His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.[13] In December 2007 Celente wrote, “Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets” and “Just as the Twin Towers collapsed from the top down, so too will the U.S. economy … when the giant firms fall, theyll crush the man on the street.” He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012. Celente also predicted an “economic 9/11″ and a “panic of 2008.” In 2009 Celente predicted turmoil which he described as “Obamageddon” and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck’s television program. In April 2009 Celente wrote, “Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation.” He appeared on the Glenn Beck show and criticized the U.S. stimulus plan of 2009, calling government controlled capitalism “fascism” and saying shopping malls in the U.S. would become “ghost malls.” Celente has said, “smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will ‘weather the crisis in style’ as big cities and hypertrophic suburbias descend into misery and conflict,” and forecasts “a downsizing of America.”
Duration : 0:8:28
Meltdown – The Global Financial Crisis? pt 1of 4
http://www.peoplestandup.ca
by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca
The credit crunch
The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.
The sub-prime crisis and housing bubble
The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.
Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Australia’s response to the global financial crisis – the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation – a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Duration : 0:44:58
Franklin Raines (Former Head) Calls for Fannie Mae and Freddie Mac Reform.flv
Former Head of Fannie Mae, Financial reform “focused primarily on consumers”. Why didnt Dodd/Frank not address this?. http://en.wikipedia.org/wiki/Franklin_Raines
Duration : 0:0:47
The Mortgage and Housing Bubble, Nobody Knew?
On July 16, 2002 Congressman Ron Paul gave a brief speech, on the floor of the U.S. House of Representatives, in which he warned about Fannie Mae, Freddie Mac, the housing bubble and the consequences which would follow the end of the housing bubble.
Duration : 0:1:18
Mortgage fraud settlement, NY DA says no; The problem is STILL the banks
The Stench of Truth radio show airs every Friday 7-9PM Eastern time on:
http://www.inceptionradionetwork.com
and
http://www.talkstreamlive.com
http://www.platformforthefuture.com
http://www.tenebroust-thestenchoftruth.blogspot.com
http://www.tenebroust-populistpolitics.blogspot.com
The Stench of Truth (493).mp4
Some background. It may seem like I focus on the republicans and the lunatic right a lot but I have and will continue to call out the democrats for their shill behavior. I was on Obama long before he was the democratic candidate in 2008. One need look at the campaign financing to see that both parties are paid by the same people. Look at Pelosi and Reid bith got big money from “healthcare industry” which is 99% health insurance companies that’s why we have the mis-named “Affordable Care Act” or Obamacare which is a bailout of insurance companies which are wedded to the banks and deep in the fraud of derivatives and the mortgage fiasco. Under it you are forced to pay too much for a crappy policy that doesn’t cover much. THE INSURANCE INDUSTRY IS THE BIGGEST COST FACTOR BY FAR IN THE WHOLE HEALTHCARE DEBATE. Get rid of them with single payer and you save hundreds of billions of dollars every year. Should the protesters be in Wall Street, Chicago, London to protest the banks or should they be protesting the FED? Wall Street and the banks of course. Why? Because how do you think it works? Do you think Ben and the boys call up JP Morgan and tell them what to do or is it the other way around? The banks are the problem. There is a multistate deal being floated right now which would absolve the banks of any wrongdoing in the mortgage fiasco that led to the depression we are in and the restitution amount is 20 Billion. That is a ludicrous joke. If they say 1 Trillion I’ll start to listen. Schneiderman the DA of NY has bowed out of those talks because he says he wants to air it out and chase the fraud. His office has already been attacked with the outing of a female employee that moonlighted as a dominatrix. If he is serious expect more of this activity against him. Don’t let the banks get away with the largest fraud, theft scheme in world history! For more proof that it is the banks just look at Europe and their so-called “sovereign debt crisis”. There is not a single country that has a debt crisis, they have a bank bailout crisis.
Duration : 0:16:17
The Madness: A Mortgage Broker’s View
Mortgage Broker, Yamila Ayad, shares her views on the San Diego housing crisis and how easy it used to be to get a home loan and how difficult it can be today.
Duration : 0:5:30
Burning Down The House: What Caused Our Economic Crisis? Bombshell
This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.
Aside from ripping the corporate goons in the media, please be respectful in your comments. Thanks.
Obama Bombshell Redistribution of Wealth Audio Uncovered
Duration : 0:10:52