Foreclosure Fraud – MSNBC w/ Cenk & Matt Taibbi
Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with Matt Taibi of Rolling Stone about bank foreclosure fraud.
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Tagged with: Cenk • foreclosure • Fraud • Matt • MSNBC • Taibbi
It’s great to see these corrupt businesses exposed.
Oh hey! Have you heard about bee4biz (just google it)? its url locker which pays each time someone completes your survey and unlocks your protected url. A cousin of mine earns a lot of cash with them just asking people to do surveys.
@genie0390 They were forced to make loans in all neighborhoods because we already went through this a century ago when speculators crashed the economy and made runs on the banks. We insure deposits, so they are forced to make loans to people in all neighborhoods, who can afford them.
The problem arose when they gave people who could only afford low interest loans adjustable interest rates, which were intentionally constructed to adjust to a really high rate, cause foreclosure, and secure bets.
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I like Cenk as an anchor. He’s got great personality compared to all of those bland and boring anchors
@elfornse That’s the most ridiculous nonsense possible. Those providing an illegitimate legal system cause civil war. Those providing a 2nd legal system in competition cause war and murder.
We now know that the Sub prime mortgages did not cause the housing bubble to collapse though it did have a hand in it. What really caused it was the massive buying and selling of bad paper the the sub prime mortgage industry produce.
@mewimi so true in that context
@Galondor Is that a joke? I hope so because Ron Paul is a joke lol
@mewimi Elect Ron Paul 2012 and he will END THE FED and bring us alot closer to a “free market”
6 people who viewed the vid are bankster CEOs
@TheHeartOfTheLion he still does the radio/youtube show
I wonder what happend to the rest of the TYT crew now that Cenk is on MSNBC, on a regular time slot ??
@mathman43: Have you heard of Private Morgage Insurance better know as PMI? I would guess you didn’t realize the banks had all these morgages insured so really did not loose anything. So how could the owner be on the hook for the balance if they were paying morgage insurance designed to project the banks?
Also, for those who want to blame Franks and Fanny Mae, this doesn’t cover how the banks are still cheating people through rapid foreclousures, to whit they don’t even have the papers to claim property over the loan/property!
@mathman43 Franks had nothing to do with the bundling of the loans and the accounting tricks to hide toxic assets and pass them off as healthy assets. Also, considering the clout the banking industry has in Congress, especially under the GOP, if this was really a problem for them, they would have lobbied to end this. But they were making money, so nobody complained.
Much of the problem goes back to Barney Frank. There was the Community Reinvestment Act that essentially required banks to loan money to high risk losers. There are some people who need to be renters. In Canada, where you need 20% down, there are essentially no foreclosures. Even if you leave the home, you’re still on the hook for the balance. We shouldn’t have let all these people walk away from their homes. They’re losers.
u all have 2 read “The Protocols of the Elders of Zion”
Watch Secret of Oz
So when are you citizens gonna rise up and murder your leaders, and your wealthy over lords? No you aren’t, well then I guess your founding fathers were wrong… America is a land of debt slaves and home of cowards. Keep taking it in the ass middle class america, the whole world knows you love it. Or… you could utterly stop voting and participating in the system that is designed to rape you. How? Decentralized renewable energy (solar/geothermal), hydroponic food, and sweet civil disobedience.
@Zontor2 Hitler came to power through a democratic process so just because something is ‘democratic’ doesn’t mean it’s any good.
I never said there was anything wrong with collective bargaining; Collective bargaining is fine as long as people aren’t coerced to be a part of it. If an employer wants to hire an employee at a wage lower than what the collective bargainers are bargaining for, the collective bargainers have no right to interfere in that wage contract.
@elfornse Collective bargaining is representation through a Democratic process. You don’t know this? Ok lets then carry your “logic” to its extreme. End all safety regulations. The market will decide which safety measures are needed. People have the right to risk your life by buying unsafe products. From Hammurabi to today’s OSHA history and society prove you wrong when it comes to safety regulation. Even the bible has safety regulations. I guess God is a socialist.
@Zontor2 It is possible that miners may die without Government Regulations. But remember, miners die WITH Government Regulations. Would more die in a free market? I do not know. As I said, safety is unique to the individual. Some miners may wish to risk their lives more than others in return for higher wages. A miner owns his own body thus he has the right to risk his own life to whatever level he wishes. The ‘collective bargainers’ have no right to tell him what level of safety he must assume
@Zontor2 I do not have an example of ‘my economic theory’ at work. Just like I do not have an example of a society free from rape. But just because I cannot give you an example, it does not mean that it cannot be done, or that steps cannot be taken toward attaining that goal
@calimar28 “But it was led by the liberals.” And the Republicans did nothing about it. You say Dodd and Frank pushed Freddie/Fannie but how did this occur? What legislation was rescinded that allowed this speculation? Who pushed to rescind the legislation?