If you were a home mortgage lending company, how much would you loan on the house pictured here; $5,000, $10,000, $25,000? The house had a sign on it that read “Unfit for human occupancy”.
Entries Tagged as 'Housing Crisis'
So The Housing Crisis Is The Homeowners Fault?
January 13th, 2009 · No Comments · News Media
Tags: Banks & Bank Failures·Big Business·Financial Crisis·Greed & Corruption·Housing Crisis·News Media
Another Opinion On Reason For Housing Melt Down
April 30th, 2008 · Comments Off · Economy
April 30, 2008
The Facts
Mike Jackson, CEO of AutoNation, is a guest on CNBC’s Squawk Box this week. In a segment called the Root of All Evil discussing who should be blamed for the housing crisis, Jackson gave his opinion. He said it was a “reckless abandonment of credit standards by the housing industry”. He went [...]
Tags: Economy·Housing Crisis
George Bush Opposes Helping Homeowners
April 27th, 2008 · 1 Comment · The President
April 27, 2008
The Facts
House Financial Services Committee Chairman Barney Frank has introduced a bill that is intended to help certain homeowners who qualify to stay in their homes. The loans would be funneled through the FHA, but would not be a give-away program. The following is a quote published by CNN. “Only homeowners who have [...]
Home Foreclosures A Gold Mine
April 15th, 2008 · No Comments · Economy
April 15, 2008
The Facts
Home mortgage lenders have gotten a free ride compared to the borrowers when it comes to who is to blame for the current mortgage crisis. There is no question that the borrowers have a big responsibility here, but as time goes by, more and more information is coming out about how the [...]
Glen Beck On Home Owner Bailout
March 7th, 2008 · No Comments · News Media
March 7, 2008
The Facts
At the top of the Glen Beck show last night he was talking with a guest when Beck made a sarcastic remark about bailing out the home owners who got caught up in the unaffordable variable interest rate mortgage.
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Tags: CNN·Housing Crisis·News Media
