Foreclosure Fraud – MSNBC w/ Cenk & Matt Taibbi

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Cenk Uygur (host of The Young Turks) on MSNBC Live speaks with Matt Taibi of Rolling Stone about bank foreclosure fraud.

25 comments to Foreclosure Fraud – MSNBC w/ Cenk & Matt Taibbi

  • Gofightsystem  says:

    We now know that the Sub prime mortgages did not cause the housing bubble to collapse though it did have a hand in it. What really caused it was the massive buying and selling of bad paper the the sub prime mortgage industry produce.

  • Gofightsystem  says:

    @mewimi so true in that context

  • mewimi  says:

    @Galondor Is that a joke? I hope so because Ron Paul is a joke lol

  • Galondor  says:

    @mewimi Elect Ron Paul 2012 and he will END THE FED and bring us alot closer to a “free market”

  • capncrunch93able  says:

    6 people who viewed the vid are bankster CEOs

  • gt40f  says:

    @TheHeartOfTheLion he still does the radio/youtube show

  • TheHeartOfTheLion  says:

    I wonder what happend to the rest of the TYT crew now that Cenk is on MSNBC, on a regular time slot ??

  • 16sag7  says:

    @mathman43: Have you heard of Private Morgage Insurance better know as PMI? I would guess you didn’t realize the banks had all these morgages insured so really did not loose anything. So how could the owner be on the hook for the balance if they were paying morgage insurance designed to project the banks?

  • Ralfast  says:

    Also, for those who want to blame Franks and Fanny Mae, this doesn’t cover how the banks are still cheating people through rapid foreclousures, to whit they don’t even have the papers to claim property over the loan/property!

  • Ralfast  says:

    @mathman43 Franks had nothing to do with the bundling of the loans and the accounting tricks to hide toxic assets and pass them off as healthy assets. Also, considering the clout the banking industry has in Congress, especially under the GOP, if this was really a problem for them, they would have lobbied to end this. But they were making money, so nobody complained.

  • mathman43  says:

    Much of the problem goes back to Barney Frank. There was the Community Reinvestment Act that essentially required banks to loan money to high risk losers. There are some people who need to be renters. In Canada, where you need 20% down, there are essentially no foreclosures. Even if you leave the home, you’re still on the hook for the balance. We shouldn’t have let all these people walk away from their homes. They’re losers.

  • madeinlukas  says:

    u all have 2 read “The Protocols of the Elders of Zion”

  • Yankhadenough  says:

    Watch Secret of Oz

  • elbowbiter1  says:

    So when are you citizens gonna rise up and murder your leaders, and your wealthy over lords? No you aren’t, well then I guess your founding fathers were wrong… America is a land of debt slaves and home of cowards. Keep taking it in the ass middle class america, the whole world knows you love it. Or… you could utterly stop voting and participating in the system that is designed to rape you. How? Decentralized renewable energy (solar/geothermal), hydroponic food, and sweet civil disobedience.

  • elfornse  says:

    @Zontor2 Hitler came to power through a democratic process so just because something is ‘democratic’ doesn’t mean it’s any good.

    I never said there was anything wrong with collective bargaining; Collective bargaining is fine as long as people aren’t coerced to be a part of it. If an employer wants to hire an employee at a wage lower than what the collective bargainers are bargaining for, the collective bargainers have no right to interfere in that wage contract.

  • Zontor2  says:

    @elfornse Collective bargaining is representation through a Democratic process. You don’t know this? Ok lets then carry your “logic” to its extreme. End all safety regulations. The market will decide which safety measures are needed. People have the right to risk your life by buying unsafe products. From Hammurabi to today’s OSHA history and society prove you wrong when it comes to safety regulation. Even the bible has safety regulations. I guess God is a socialist.

  • elfornse  says:

    @Zontor2 It is possible that miners may die without Government Regulations. But remember, miners die WITH Government Regulations. Would more die in a free market? I do not know. As I said, safety is unique to the individual. Some miners may wish to risk their lives more than others in return for higher wages. A miner owns his own body thus he has the right to risk his own life to whatever level he wishes. The ‘collective bargainers’ have no right to tell him what level of safety he must assume

  • elfornse  says:

    @Zontor2 I do not have an example of ‘my economic theory’ at work. Just like I do not have an example of a society free from rape. But just because I cannot give you an example, it does not mean that it cannot be done, or that steps cannot be taken toward attaining that goal

  • Zontor2  says:

    @calimar28 “But it was´╗┐ led by the liberals.” And the Republicans did nothing about it. You say Dodd and Frank pushed Freddie/Fannie but how did this occur? What legislation was rescinded that allowed this speculation? Who pushed to rescind the legislation?

  • Zontor2  says:

    @elfornse You still didn’t provide an example of your economic theory at work. But don’t bother I am tired of laughing my ass off at your laisse faire bullshit.

  • Zontor2  says:

    @elfornse LOL. “Abolishing regulations simply means that employers and employees can tailor wage/safety mixes to their own specifications, …..” You are really ignorant of history aren’t you. This is exactly what will happen, miners will die. You stupid fuck libertarians will have removed the right of collective bargaining, the miners will have no legal recourse. The progressive movement will begin again 100 years after the 1st. Adios.

  • METALMAN4Wii  says:

    @TZ3k Or how about Reagan for getting Rid of Bank Regulators…..?

  • METALMAN4Wii  says:

    6 Bank Ceos watched this while wiping there Asses with the U.S. Government Housing Regulation Laws……!

  • ingaingaghg  says:

    Take a trip around the world with and Naughty women mworld5.info

  • genie0390  says:

    @TZ3k

    liberal mindsets are so focused on good intentions that they willfully ignore the bad consequences that result, eg PC and TSA screenings

    your liberal mindset made you come up with this, “Having to provide the same services to a poorer neighborhood that you do to a more affluent one…”

    “having to provide” is in fact forcing!

    Clinton did make a mistake which he admitted by deregulating banks but the problems began in 1998 when he mandated fannie mae to force bankers to stop redlining

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