Subprime
February 19th, 2010 | by admin |
The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks.
Duration : 0:6:43
[youtube VXcfbxSnzP0]
8 Responses to “Subprime”
By dietrichian on Feb 19, 2010 | Reply
Awesome!
Awesome!
By whittvet on Feb 19, 2010 | Reply
@Panpiper You sir …
@Panpiper You sir are correct! We can go all the way back to the Fed on this one. What is going to happen is the Fed will have to raise the interest rates at some point soon. BUST!
By Atheistprimate on Feb 19, 2010 | Reply
Crystal clear …
Crystal clear explanation, as always.
Thank you!
By superc on Feb 19, 2010 | Reply
i love your videos …
i love your videos sir esp. the one about derivatives! nice hair!
By cosmosgato on Feb 19, 2010 | Reply
Not mentioned was …
Not mentioned was lenders denying FALSELY qualifying minorities prime loans so they could get them to pay higher rates with the subprime! And it wasn’t just minorities either it was a feeding frenzy of greedy bankers.
By Panpiper on Feb 19, 2010 | Reply
What kinda gets my …
What kinda gets my goat is the tacit approval here of this sub-prime loan policy of the FHA, as being somehow ‘good for the economy’ because it creates ‘demand’. This is classic Keynesianism and it is dead wrong. Need we be reminded that it was these very sub-prime loans that created the crisis in the first place, that inflated the housing bubble? And now the government through the FHA is trying to keep the bubble inflated, keeping the very thing that caused the mess, alive and kicking.
By scutter4christ on Feb 19, 2010 | Reply
Opps. probably …
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Opps. probably should have said Paddy and not Patty.
By scutter4christ on Feb 19, 2010 | Reply
thanks patty. I …
thanks patty. I need a drink now………and I don’t even drink!!