BILL MOYERS JOURNAL | Mortgage Mess | PBS

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 […]

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

Duration : 0:20:56

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25 Comments

  1. jscottupton contributed this comment on October 5, 2010 | Permalink

    @esiosan I agree …
    @esiosan I agree that we need to abolish the FED but you are wrong that “the federal reserve is a private bank…” The FED was created by government, its employees are paid with government checks, they are hired by government action.

  2. aviomaster contributed this comment on October 5, 2010 | Permalink

    Shaft2009 — Do you …
    Shaft2009 — Do you have an answer , why , banks borrowed so much money ,
    WHY did it happen , they were not borrowing money , cause , BUT bacause goverment guranteed their loans , which means if loans go bad , goverment is going to buy them , and it is hapening , goverment bought failed mortgage companies.

  3. esiosan contributed this comment on October 5, 2010 | Permalink

    The federal reserve …
    The federal reserve is a PRIVATE bank that charges a % interest on each dollar it prints out and loans it out to our government to fund their projects.
    The more money it prints, the more profit it makes, and the less the value of the currency, additionally the taxes we pay are used to pay this debt to the bankers who own the Fed, most taxpayers do not know that we’re borrowing our own money.
    We should be printing our OWN money, and ABOLISHING the Federal Reserve, and stop paying the bankers.

  4. esiosan contributed this comment on October 5, 2010 | Permalink

    The federal reserve …
    The federal reserve is a PRIVATE bank that charges a % interest on each dollar it prints out and loans it out to our government to fund their projects.
    The more money it prints, the more profit it makes, and the less the value of the currency, and the taxes we pay are used to pay this debt to the Fe, most people do not know that.

  5. LouieFrias contributed this comment on October 5, 2010 | Permalink

    Great information! …
    Great information! Thank you for helping educate people. Here’s another resource to consider. FederalHomeLoanMods(dot)com

  6. DrewDownsManagement contributed this comment on October 5, 2010 | Permalink

    Very informative …
    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.

  7. Shaft2009 contributed this comment on October 5, 2010 | Permalink

    How sad!!!

    the …
    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.

  8. Lucky7wins contributed this comment on October 5, 2010 | Permalink

    Banks cannot fail …
    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.

  9. housechores contributed this comment on October 5, 2010 | Permalink

    I know people who …
    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.

  10. MoeBedard contributed this comment on October 5, 2010 | Permalink

    He is right we …
    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

  11. ducks90 contributed this comment on October 5, 2010 | Permalink

    Incredible!!! the …
    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

  12. AlbertBenjaminHoward contributed this comment on October 5, 2010 | Permalink

    very informative! …
    very informative! now what?

  13. poopiefase contributed this comment on October 5, 2010 | Permalink

    Why the bail …
    Why the bail out the banks?

  14. wooooozee contributed this comment on October 5, 2010 | Permalink

    organizations like …
    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.

  15. dellsprospects2 contributed this comment on October 5, 2010 | Permalink

    welcome to the new …
    welcome to the new world order

  16. dellsprospects2 contributed this comment on October 5, 2010 | Permalink

    this makes me so …
    this makes me so angry…i can’t believe they knew..since 2001..obviously now we know the legislation is in favor of the ELITE SCUM THAT WANT TO MAKE MONEY AND GRAB LAND EVIL BASTARDS

  17. silveraguila contributed this comment on October 5, 2010 | Permalink

    God bless you. …
    God bless you. Exactly.

  18. idasputem contributed this comment on October 5, 2010 | Permalink

    THEIVES in GOVT …
    THEIVES in GOVT backed by THUG GOON POLICE on street.

  19. jbryant13 contributed this comment on October 5, 2010 | Permalink

    The answer to your …
    The answer to your questions that the Fed is the Congressional ATM machine. It prints on demand, and it is stocked with an endless supply of paper.

    That way they can show you how much they “care” and solve all your problems for you so you can go back to watching the Simpson’s and American Idol, and report to your job to pay for your “American Dream” of owning a home (which the bank really owns).

    watch?v=hn5EP9StlVA

  20. androclestipster contributed this comment on October 5, 2010 | Permalink

    Thankyou my friend …
    Thankyou my friend for sending me this important video. A true cancer indeed. I don’t understand it.

  21. CDLver contributed this comment on October 5, 2010 | Permalink

    A brilliantly done …
    A brilliantly done chronicle of the mortgage crisis debacle!

    The lenders are scandalous!

  22. pure2warrior contributed this comment on October 5, 2010 | Permalink

    Please note the …
    Please note the preditor, government still demands property tax yet not a mention of this theft of private property. It is time for people to stand up to these evil scum.

  23. pure2warrior contributed this comment on October 5, 2010 | Permalink

    Please ask yourself …
    Please ask yourself why this country lets a private Federal Reserve bank create money that has no real value out of thin air then lend this valueless money plus charge an intrest rate to our Federal Government, thus creating a fictious debt which is used to justify tax (stealing from the people time and effort) to pay this phony debt. Declare your freedom divorce fiat money reject government theft, plant a garden, fish, hunt. Discover your humanity, reject the New World order. God Bless.

  24. SlaveStorm contributed this comment on October 5, 2010 | Permalink

    2 million …
    2 million foreclosures as I type this and another 1 million people laid off by the end of the year could double that figure

    Police state USA. The police support the state, evict tenants, fine people, arrest complainers and put them in the prison colonies.

    Can you spell False Flag?
    Can you say FEMA labor camps?
    Can you say Fascist Capitalists Stupor Patriots blaming the poor for being weak and allowing the criminals to take advantage of them. The way they were dressed they were asking for it

  25. DianeDi contributed this comment on October 5, 2010 | Permalink

    This is certainly a …
    This is certainly a tragic situation for millions and it appears to be spreading like a cancerous tumour. It would be interesting to see statistics from other States – as I feel this is being downplayed big time.

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