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BILL MOYERS JOURNAL | Mortgage Mess | PBS

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http://www.pbs.org/billmoyers '>http://www.pbs.org/billmoyers BILL MOYERS JOURNAL travels to ground zero of the mortgage meltdown — Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis.. Aired Friday, July 18, at 9p.m. on PBS (check local listings). For more: http://www.pbs.org/billmoyers '>http://www.pbs.org/billmoyers

Channel: News & Politics
Uploaded: January 1, 1970 at 5:29 am
Author: PBS

Length: 50:56
Rating: 4.92
Views: 12903

Tags: banks  bill  cleveland  foreclosure  homelessness  journal  lending  mortgages  moyers  predatory  

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Video Comments

DrewDownsManagement (January 1, 1970 at 5:29 am)
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
Shaft2009 (January 1, 1970 at 5:29 am)
How sad!!!the people who have made the money creating this mess runaway with their reward leaving taxpayers to pay for clean-up. This is what happens when there is no regulation of the banking institutions.
Lucky7wins (January 1, 1970 at 5:29 am)
Banks cannot fail if the US Gov keeps supplying them with liquidity. This is creating tremendous inflation we are going to feel once the banks begin lending the money away.
housechores (January 1, 1970 at 5:29 am)
I know people who took out the loans are also responsible...for taking up offers that were too good to be true. The concerned local government should have seized upon the idea of warning people about predatory lending as soon as the epidemic reared it's ugly head. They should have used billboards, radio, TV, whatever...educating the unwary is key.
MoeBedard (January 1, 1970 at 5:29 am)
He is right we don't need a bail out!IF YOU FEEL THE SAME WAY AND WANT REAL SOLUTIONS TO THIS CRISIS GO TO MY CHANNEL AND CHECK OUT SOME OF MY VIDEOS
ducks90 (January 1, 1970 at 5:29 am)
Incredible!!! the incompetents at the Fed that raised the discount rate 300% in 24 months debating with the people that hired them (Congress), both pointing fingers at the cause of this mess?We don't need a bail out; we need a vehicle to sue these clowns for malpractice.A loan that worked fine for 20 years is suddenly a predatory loan because the Fed, not the bank, raised the rate?The problem wasn't a lack of regulation but that it was regulated by Congress and their creation-the Fed
AlbertBenjaminHoward (January 1, 1970 at 5:29 am)
very informative! now what?
poopiefase (January 1, 1970 at 5:29 am)
Why the fuck bail out the banks?
wooooozee (January 1, 1970 at 5:29 am)
organizations like the nwbccc in the bronx have targeted orgs. like freddie mac since the 70s for their preditory, irresponsible behavior. it is sad to hear this spoken as "new news" when in fact, the problem is so new and we are all - in some way - in collusion with these folks. our deal searchin, credit usin, no saving chickens are coming home to roost. makes jersey mob loansharks look like gupies.
dellsprospects2 (January 1, 1970 at 5:29 am)
welcome to the new world order

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