Archive for December, 2011
bad credit home loans most people dont even know this about bad credit. Its amazing we go around not know how to clean up bad credit . There is whole lot of things that go with bad credit home loans and refinances and finding out what is causing it would definitely help. if you are in this situation with bad credit and dont know your way please feel free to watch this video presentation. We are now in a situation where 80 % people have some kind of bad credit on their profiles and its not ending anytime soon. Bad credit home loans are a natural by product of these times and lending is tight due to economic conditions.
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This video quotes Ron Paul’s speech on the house floor in 2003, in which he predicted the housing bubble, the subprime crisis and the credit crisis. The Fed kept interest rates too low starting in 2001, causing over investment in housing. Also, Fannie Mae had affordable housing goals of 55% of mortgages issued, and she issued about half of all mortgages in the US The bubble started bursting in 2006 and when things started getting rough, so many people started defaulting that the subprime housing crisis was revealed. Fannie Mae went under in Sept. 2007, and within 3 weeks is when all the big co’s went under. She was a 5.6 TN company, Lehman Bros. was only about 10% of that. Everybody on Wall St. owned either Fannie mortgages or Fannie debt. There were other Austrian economists who saw it coming, but Congressman Ron Paul is the only one running for president. He has been calling for the end of the Fed and other important economic changes for 30 years and we need him badly.
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A Halloween party at the New York law firm of Steven J. Baum (known as a ‘foreclosure mill’) included costumes mocking people that lost their homes. Ana Kasparian, Cenk Uygur and Ben Mankiewicz discuss on The Young Turks. www.nytimes.com Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com