The Mortgage Market Meltdown Is Not Over!
- 00:09:54
- YouTube
The Mortgage Market Meltdown Is Not Over!
http://www.MortgageSelfDefense.com Jim Cramer is RIGHT about the mortgage meltdown. We both saw the mortgage meltdown coming but nobody would listen! I was 25 years in the mortgage banking world and the mortgage market meltdown was a long time coming. But, when "The Billionaire Boyz Club" is raking in BILLIONS, who cares about a stinking mortgage meltdown? Homeless homeowners? So what. Crushed families? Interest Only ARM getting ready to POP? So what. Pay me... pay me... pay me. By the way Mr. & Mrs. Homeless Homeowner, where should we send all your belongings? Jim Cramer is a total advocate for the innocent bystanders caught in the mortgage market meltdown. So many homeowners got caught in the mortgage market meltdown that the eventual cost of this mortgage market meltdown is unclear. Too many homeowners now in foreclosure should have been informed of their dangerous mortgage. Too many homeowners are now homeless because of the mortgage market meltdown. Jim Cramer is absolutely DEAD ON when he SCREAMS about where exactly to place the blame. The mortgage market meltdown at his level is absolutely the product of one of the seven deadly sins - Greed. At our level, John Q. Public, the mortgage market meltdown was shoved down everyone's throats. Can't qualify for a home mortgage? No worries, let's make something up. Forget that your mortgage payment is more than half your monthly salary...mortgage interest rates will fall and you can then refinance. Right... Greedy investors, greedy home builders and greedy Wall Street funds flooded real estate markets artificially skyrocketing real estate values. THAT'S when the mortgage market meltdown writing was on the wall. When those same real estate values fell faster than a free-falling safe. Those of us on the inside saw it heading for us like an oncoming freight train and SCREAMED at the mortgage servicers and investors to STOP the madness, but it was too late... If you've been watching Jim Cramer for any length of time, you understand his passion for protection of the average American. Don't EVER be a victim of a Mortgage Market Meltdown. Protect you and your family by getting your FREE Mortgage Self Defense course RIGHT NOW at: http://www.MortgageSelfDefense.com ***** jim cramer jimcramer stock market interest mortgage loans buy a house buy a home sell a house sell a home mortgage loan index federal reserve fed bernanke market meltdown erin burnett housing crash real estate bubble hard ball mad money cnbc nasdaq business NYSE subprime oil smart money hedge funds warren buffet investing
YouTube | November 19, 2007
