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The Mortgage Market Meltdown Is Not Over!

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http://www.MortgageSelfDefense... 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... cramerjimcramerstock marketinterestmortgageloansbuy a housebuy a homesell a housesell a homemortgage loanindexfederal reservefedbernankemarket meltdownerin burnetthousing crashreal estate bubblehard ballmad moneycnbcnasdaqbusinessNYSEsub rimeoilsmart moneyhedge fundswarren buffetinvesting

Channel: News & Politics
Uploaded: November 19, 2007 at 4:57 pm
Author: LouieFrias

Length: 09:54
Rating: 4.00
Views: 6201

Tags: Acceleration  Cramer  Dow  foreclosure  freddie  frias  Jim  louie  mac  Market  Meltdown  Money  Mortgage  Program  scam  Stocks  

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denbosz88 (August 14, 2008 at 10:22 am)
You might know something about mortgage lending but you have absolutely shown that you don't have a naffing clue about economics. Cramer wasn't right about bugger all. The fed are robbing the US blind and have been for years. Until they are defunct there will be no such thing as sound money or a safe mortgage. If you trust your economy to a vipers nest of greedy bankers, ups and downs, booms and busts will happen not according to the market, but depending on when they want them to happen.
danibmx1 (July 20, 2008 at 1:57 pm)
keep this stuff for ur self pleazse
christophgerald (July 18, 2008 at 3:41 am)
Cramer is a carnival barker............
aTibetLover (June 20, 2008 at 3:17 am)
You are right that Jim Cramer is a total idiot. He should be arrested and put a duct tape on his fat mount.
Micaiah2004 (April 5, 2008 at 4:07 am)
Where were the regulators???? Others saw this in 2002-2003....but who was there to curtail the reckless underwriting/lending/securitization????Certainly not the FED who encouraged it with easy money and easy credit....
hshopkins7 (April 1, 2008 at 12:58 am)
All it is is that a few bad apples couldn't pay their mortgage because they didn't read the fine print on the adjustable rate mortgage loan. Always get the fixed rate loan like i did.
JipJDB (March 25, 2008 at 4:29 pm)
Thank you. I'm glad to see that people like you are still in the business.
plenty2say (January 26, 2008 at 5:29 pm)
You make some good points. Alot of people are bitching and moaning about their ARM going up, yet they weren't crying when they signed off on the deal. American consumers are spoiled and expect everything to be "explained to them". They never take the time to read the fine print for themselves.
boricuamobsta (January 7, 2008 at 4:22 am)
Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
CreateYourOwnMLM (January 4, 2008 at 8:18 pm)
Thanks to everyone who comments. It's appreciated. I'm no genius...all I'm doing here is providing another avenue of truth based on experience. I really can't speak for anyone but myself and I'm not always right. As always, my information is merely to alert people and cause them to look deeper into what they're considering before making any decisions.
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