Mortgage Meltdown - 44min. documentary

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See full film here: http://www.booserver.com/projects.php?ProjectID=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.

Channel: News & Politics
Uploaded: December 12, 2007 at 2:19 am
Author: journeymanpictures

Length: 0:10:08
Rating: 4.68
Views: 13,323

Tags: Journeyman Pictures USA mortgage crisis market

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Video Comments:
rikinoki (Saturday 11th of October 2008 11:53:15 PM)
America new poor Africa
69Bluntsmoka420 (Friday 10th of October 2008 07:07:39 PM)
The economy is ruined forever. We're all going to starve to death.
wot321 (Monday 13th of October 2008 07:19:56 AM)
You're an idiot.
mard420 (Wednesday 1st of October 2008 10:48:25 AM)
they shouldn;t scare people about buying houses, they are good, solid equity, however taking trips, buying big screen tvs, and countless luxuries is terrible
tellthetruthh (Thursday 25th of September 2008 10:27:27 PM)
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
AtilladHun (Thursday 9th of October 2008 08:30:11 PM)
Tellthetruth, you are a perfect idiot. These greedy finance agents, mortgage brokers, security traders and greedy CEO's (99%) of them Whites, who sold, processed, and approved and made tons of money on these mortgages are to blame. They will sell to anyone who wants a home for his family and can sign on the dotted line.
iamauscitizen (Wednesday 24th of September 2008 02:13:42 PM)
The SUB PRIME LOANS which caused this crisis in the Mortgage Industry are always in the HISPANIC COMMUNITY across the country. Who is responsible for giving the SUB PRIME LOANS TO MAJORITY HISPANIC PEOPLE?Why is PRESIDENT BUSH allowing OUR TAX DOLLARS to rescue peoples' homes who have NO SOCIAL SECURITY NUMBER!HOW can you tax or track a homeowner who has NO SOCIAL SECURITY NUMBER OR EIN NUMBER?I have a right to know.I am a US CITIZEN.I am tired of giving ILLEGAL ALIENS ANOTHER free ride!!
masisavan (Wednesday 24th of September 2008 01:49:44 AM)
when you dont need money,banks are doing every thing to get you in debt,when you need money,they say you are not qualified,your credit score is too low?
masisavan (Wednesday 24th of September 2008 01:42:13 AM)
heeeeloooo,who aprase our houses too high,i had a afordable mortgage,hapy home owner,bank was calling me on daily bases,refinance,cash out,get mony,get line of credit now.i end up loosing every thing,heeeeloooooo.
MoodyGroove (Monday 22nd of September 2008 11:42:32 AM)
Exactly. It's how lazy people made money. Speculators are the scum of the Earth.