WARNING: Housing Bubble About To Burst
Nothing is stopping the next crisis. Nothing! Ana Kasparian, Brooke Thomas, Mark Thompson, the hosts of The Young Turks, break it down. TYT now has a full ...
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FOLLOWING THE ECONOMIC COLLAPSE IN 2008 THERE WAS SOME EFFORT BY THE OBAMA ADMINISTRATION AND MEMBERS OF CONGRESS TO REGULATE THE BIG BANKS THAT WERE GIVING OUT ADJUSTABLE-RATE MORTGAGES TO INDIVIDUALS WHO DID NOT REALLY QUALIFY FOR THOSE MORTGAGES. FAST-FORWARD TO 2018 AND IT TURNS OUT THAT NON- THINK LENDERS WHO ARE NOT REGULATED THE SAME WAY BIG BANKS ARE THROUGH DODD-FRANK ARE HANDING OUT MORTGAGES TO A TON OF PEOPLE WHO DO NOT QUALIFY AND MANY OF THESE MORTGAGES ARE BACKED BY U.S. TAXPAYERS. LET ME GIVE YOU THE DETAILS. THERE IS ONE NON-BIG LENDER THAT WAS PROFILED BY BLOOMBERG AND THEY DID A REALLY GREAT JOB IN PROFILING THEM. IT IS THE AMERICAN FINANCIAL NETWORK AND ONE OF THEIR EMPLOYERS IS A MAN NAMED ANGELO CHRISTIAN. HE IS A HEAVY HITTER WITHIN THIS NON-BANK ORGANIZATION. HE...
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FOLLOWING THE ECONOMIC COLLAPSE IN 2008 THERE WAS SOME EFFORT BY THE OBAMA ADMINISTRATION AND MEMBERS OF CONGRESS TO REGULATE THE BIG BANKS THAT WERE GIVING OUT ADJUSTABLE-RATE MORTGAGES TO INDIVIDUALS WHO DID NOT REALLY QUALIFY FOR THOSE MORTGAGES. FAST-FORWARD TO 2018 AND IT TURNS OUT THAT NON- THINK LENDERS WHO ARE NOT REGULATED THE SAME WAY BIG BANKS ARE THROUGH DODD-FRANK ARE HANDING OUT MORTGAGES TO A TON OF PEOPLE WHO DO NOT QUALIFY AND MANY OF THESE MORTGAGES ARE BACKED BY U.S. TAXPAYERS. LET ME GIVE YOU THE DETAILS. THERE IS ONE NON-BIG LENDER THAT WAS PROFILED BY BLOOMBERG AND THEY DID A REALLY GREAT JOB IN PROFILING THEM. IT IS THE AMERICAN FINANCIAL NETWORK AND ONE OF THEIR EMPLOYERS IS A MAN NAMED ANGELO CHRISTIAN. HE IS A HEAVY HITTER WITHIN THIS NON-BANK ORGANIZATION. HE...
