Nov

1

************MUST SEE************ The Root Cause Of Our Economic Problems Is The Housing Foreclosure Crisis?

Filed Under Mortgage Editorial, Mortgage Fraud, Mortgage News 
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If the “The Root Cause Of Our Economic Problems Is The Housing Foreclosure Crisis” as Senator Dodd States, then all the bad mortgages and the $700 Billion Bailout is not necessary.

Or maybe he is ass backwards and it was Wall Street with their aggressive mortgages and the Federal Reserve who encouraged folks to go out and get adjustable rate mortgages and did not do their jobs anyway regardless of Wall Street.

Remember it is the Federal Reserve that monitors and controls the financial markets in the United States!

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Comments

  1. Dune AUSTRALIA posted the following on December 24, 2008 at 12:07 pm.

    Another factor to this economic downturn is the increase outsourcing of jobs overseas like India, for cheap labor

  2. Matt UNITED STATES posted the following on November 12, 2008 at 1:58 pm.

    Honestly, I think too many people are blaming others for their own mistakes.

    Just because some loan officer told you to get an adjustable loan (and explained what the “adjustable” meant) and you did it, doesn’t excuse you from the consequences.

    Matt

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