The Truth Behind The US Mortgage Crash…
Filed Under US Housing Market · Tagged: enspire learning, foreclosure, Foreclosures, housing foreclosure, mortgage melt down, US Mortgage Crash
Here is a great clip that explains what happened in the Mortgage melt down in the US. Remember, this isn’t like the Canadian banking systems. Right now in Alberta there are only apx. 1200-1300 mortgages out of 500,000 + that were just starting the foreclosure process, and not even there yet. That’s only .24% of mortgages in Alberta.
Wall Street’s Melt Down Explained
Filed Under Foreclosures, Special Reports, US Economy, US Housing Market, World Economy, World News · Tagged: Foreclosures, housing foreclosure, shadow market, wall street melt down
I have to say that this is a good behind the look at what has happened in the US and the financial markets. The one thing they are missing is a ‘big thing’.
CONSUMERS…
The main reason this whole collapse has happened, as consumers / investors are always chasing the dollar and chasing the ROI (Return on Investment) that companies create risky products to keep shareholders happy, keep investors investing and their companies strong. This is a very simplified version of the reality, but it’s true.
What are your thoughts? How did this collapse happen?
