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.
mortgages Archives
stopforeclosurefraud.com for more info! Mortgage Electronic Registration Systems, Inc. (MERSCORP) In accordance with Title 17 USC Section 107, any copyrighted work in this message is distributed under fair use without profit or payment for non-profit research and educational purposes only. GRG [Ref. www.law.cornell.edu
Related Material
Jonathan Silveira Mortgage Broker with Dominion Lending Centres www.JonathanSilveira.ca can help new home buyers and seasoned home owners find the perfect mortgage to fit their needs. Call 1-800-662-7757 for Canadian Mortgage help.
Related Material
A brief overview of mortgage rates and mortgage types in the uk. Hurleys Financial Solutions are mortgage advisers based in London. We will happily provide you with the mortgage or financial advice that you require. www.hurleysfinancialsolutions.com