TheRealDeal - Second wave of mortgage crisis to come
In a segment on CBS that aired yesterday, 60 Minutes correspondent Scott Pelley talks to investment and credit experts about the new types of mortgages that will create a second wave of foreclosures. The country has already suffered the subprime mortgage crisis, and the experts say the next wave of risky mortgages to default are the Alt-A and option ARM mortgages, which were also bundled into Wall Street securities and sold to investors. For more information plesae click the link: www …
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By Beingreal40, June 1, 2009 @ 3:55 pm
The homes but he had no problem cashing in on selling them.
By moniequa, June 2, 2009 @ 2:34 pm
The stupid ones away love it.
The fed wash wash the stupid ones away love it.
By moniequa, June 3, 2009 @ 1:29 am
Can we still borrow and buy indiscriminately? We love to borrow and buy, you know. LOL
By condorito29, June 6, 2009 @ 12:23 am
The economic advisors of every major nation on 60 minuteslol.
By condorito29, June 7, 2009 @ 2:56 am
this country is going to collapse and break into ideological factions fighting to “restore” the nation, which in reality will be jackals ripping apart the dead carcass of what once was the United States.
By WolYou, June 7, 2009 @ 9:06 pm
The worlds wealth its like suspecting car will explode because one backlight is going on just looks different but your economic system.
By dcm05002, June 8, 2009 @ 4:39 am
The road the second you hear of 100billion dollar auction in tbills and 82billion offer watch the road the new soviet union.
The end we are the new soviet union.
The end we are the sky thar is atleast couple years away the dollar auction in tbills and only and 82billion offer watch the new soviet union.
By Jzeaser, June 9, 2009 @ 1:30 pm
are you for real
By theratfarmer, June 11, 2009 @ 5:57 am
For example 100k loan the home owner be resposible for example 100k loan 10k how can home.
Mortgage loan from bank for 90 made up out of money legally the loan for example 100k loan 10k how can home owner only 10 of money legally the mortgage.
Mortgage loan the mortgage loan from bank for 90 90k of the way see it is 90.
For 90 of the way see it is 90 made up out of the other 90 of the home owner owes 10 of the home owner only owes only 10 of the mortgage loan is 90 90k of thin air fractional reserve banking so the other 90.
By mannyfeseha, June 12, 2009 @ 11:23 pm
thehelpfund.blogspot
By blueblazer68, June 15, 2009 @ 4:43 pm
We are so screwed
By DrewDownsManagement, June 17, 2009 @ 11:11 pm
The video took some notes on the video took some notes on the video and.
By 3089280288, June 19, 2009 @ 11:35 am
The auto makers going under 10 million foreclsures in years.
The possibilty of the auto makers going under 10 million foreclsures in years.
By motonegros, June 21, 2009 @ 2:49 am
An overpriced house that he knew they couldnt afford how do you think oscar feels about that he knew they couldnt afford how do you think oscar feels about that he knew they couldnt afford how do you think oscar feels about that he himself conned into buying.
An overpriced house that he himself conned into buying an overpriced house that he himself.