Saturday, January 28, 2012

The Crazy Mortgage Crisis in America

How was this possible? The US mortgage crisis was an explosion of madness, incompetence and fraud! Should anyone therefore really question the need for serious regulation and oversight of financial institutions? Watch this.



In light of the absence of evidence of who owns the mortgages, home owners who refuse to pay the financial institutions ought to be on solid legal ground. The problem gets even more complicated when they ask: Where is my title?

9 comments:

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JPF said...

This is shocking.. I can't believe this work is such slap dash!! We cannot cut corners; money needs to be spent on employment, with proper procedures implemented

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Gustavo Garcia said...

Great post! Thanks for placing the video on your post. The video helped me comprehend the crisis from a new perspective. America is projected to see a new wave of foreclosure in the next 6 years. Companies like american home mortgage servicing inc out business are working to assist the people that are facing these frightening issues. Thanks for your post!

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