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Added: Jul 25, 2008

From: TheRealNews

Duration: 5:53

More at http://therealnews.com/c.php?c=080701YT Danny Schechter: "This is a 50 state Katrina"

Channel: News

Tags: foreclosure  homeowners  loans  mortgage  news  real  therealnews 


Rating: 4.81 (31 ratings)    Views: 1702' favoriteCount='16    Comments: 41

88a Says:

Jul 25, 2008 - Banks & zionists Jews r ripping n looting Americans. Wake up ppl. The white mustache Glasses spoke the truth to all Americans. Real News Great work am getting my money donation worth. Follow the right true Islam. Greetings from Pakistan.

jakewayd Says:

Jul 25, 2008 - I almost feel sorry for Jews. They have been expelled so many times from so many European nations because they can't stop lying and cheating! They are genetically enslaved to their own DNA that induces them to be bastards and scoundrels.

FUCKYOURGODINTHEASS Says:

Jul 25, 2008 - None of these people are homeowners. They are mortgage holders.

mynewschannel Says:

Jul 25, 2008 - The banks OWN congress! We have the same problem in the UK. The government bailing out banks with our tax payer money while we suffer repossession because of badly represented loans and the rising cost of living.

medhue Says:

Jul 25, 2008 - U cant blame the people. I told many of my friends not to except the highest loan for a morgage. Instead no the bank, who are supposed to be professionals, telling them it makes no sense to rent & the value of their home will always go up. Which in my lifetime that was true until now. So it wasnt hard to believe. I was very skeptical cause i saw houses double in value and knew that could not be real value. I made 2 times the value on my house but i bought it for 35k & sold b4 the big jump.

lordblazer Says:

Jul 25, 2008 - There are many places in the US that are already like 3rd world countries. People think America is just soooo great, but then you goto a reservation land and you see otherwise.

lordblazer Says:

Jul 25, 2008 - non-passport holding Americans are slaves.

ANGLEBOOT Says:

Jul 25, 2008 - spoken like a true dumb ass muslim. Anyone that got a home loan with a floating interset rate, should have their home taken from them. Anyone that refinaced their homes with a floating interest rate should have their home taken from them. They house payments might have BEEN alot lower than mine. But I'll still have my home to come home to.

odin422 Says:

Jul 26, 2008 - All Americans are slaves born into bondage. It goes farther tho. Like Bob Marley said: "We are victims of the system we are born into, REVOLUTION!" Jah Lives

beckpod1 Says:

Jul 26, 2008 - U.S.A. privitizes profit and socializes losses.We've been subsidizing the pharmachuetical industry with our tax money in the form of research grants..then they turn around and charge us ten times the amount(or more)for the same drugs. We are paying for socialized healthcare but not getting it..and they can afford to fund Rush Limbaugh to curse national healthcare. So this is no surprise! congress is bought... wake up america!!

lives2live Says:

Jul 26, 2008 - I like the way Peter Schiff put it..."people need to stop looking at their house a big piggy bank."

charlessmyth Says:

Jul 26, 2008 - Schiff's 'Piggy Bank' syndrome is endemic to the UK, too. Well, it was until about six month's ago, when the piggy bank became an unloadable millstone. Mortgages have pretty much dried up, except for ones based on what they used to be based on before the housing/credit bubble.

ANGLEBOOT Says:

Jul 26, 2008 - na not me, I knoew not to get a loan with a floating interest rate. People are are victims of their own greed. That they would get such low payments and nothing ever happen to them.

odin422 Says:

Jul 27, 2008 - HAHAHA FAT AMERICAN HOMELESS!!!! Maybe they should eat less.........

angelsoulnme Says:

Jul 27, 2008 - When I arranged for my first loan, the mortgage broker I used, kept changing the terms of my loan over and over and over again until I was backed against a corner after putting down 20%. I did have an ARM but was told I could refinance it with no problem, but even with 20% down, I didnt have enough equity to refinance. It isnt just about a bunch of people who shouldnt have had a mortgage. I had no problem paying my loan the 1st 3 years. I heard the same thing the woman did.

robyyo Says:

Jul 30, 2008 - Don't you love it? Our tax dollars go to funding a bullshit war for oil and bailing out banks who knowingly ripped off millions of Americans.....beautiful.

djinnbladex Says:

Jul 31, 2008 - What do you expect by having a lame duck president for the past 8 years. He accomplished nothing. Time to vote for OBAMA.

He101A Says:

Aug 7, 2008 - LOL, hahahahahaha.

odin422 Says:

Aug 7, 2008 - they are victims....they are told they can re-finance in a year. Then guess what??? They cant, and thier rate goes nuts. Banks are bastards, evil scumsuckers

odin422 Says:

Aug 7, 2008 - its funny....how can you be homeless and fat??? i just dont get it. hahaha

xg8512 Says:

Aug 7, 2008 - damn if you people are so angry DO SOMETHING ABOUT IT DON'T JUST BITCH ON THE INTERNET GO OUT THERE AND SPREAD THE WORD LIKE THE AIDS THIS GOVERNMENT CREATED AND STOP BUYING SHIT YOU DON'T NEED AND CAN'T AFFORD STUPID MATERIALISTIC DUMBASSES.

He101A Says:

Aug 8, 2008 - In the USA, the poor are fat. They are fat because they eat foods fried, cooked, and baked in hydrogenated oils. This kind of fat accumulates in your body, and it is very hard to get rid of. The rich people eat a lot of fruits, vegetables, and high quality foods. This is why rich people are slim, and the poor are homeless and fat.

JizzonTheDark Says:

Aug 9, 2008 - Don't borrow money unless you can gain from it and even then your probably feeding the monster. What tickles me the most is that anyone that has Dollars is paying for it, not just taxpayers. :D

JizzonTheDark Says:

Aug 9, 2008 - You two sound like Terrence & Philip.

jamil316 Says:

Aug 14, 2008 - The American Dream lolzzz