US home foreclosures have spiked by more than 78 per cent in the third quarter of 2008 but it is not just homeowners who are suffering.
As Al Jazeera’s Kristen Saloomey reports, those who rent are also feeling the effects of the mortgage crisis.
Duration : 0:2:3
The newly elected …
The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification’s (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year’s, depending on income. Leaving it up to the bank’s to do this is akin to putting the fox in the hen house to protect them.
xcusemeprincess:
…
xcusemeprincess:
Your words do not impress me as those of someone who has had any traditional training or acculturation.
“Iroquois” is not a nation or people. It is the term for a confederacy of nations. No one I have ever met from those nations would claim themselves as, “Iroquois”.
Since you do not know your nation nor understand any cultural imperatives I suggest you either discover them or we can simply ume you are trolling for some undiscovered reason.
December 13th, 2008 at 6:36 pmThat’s one warning …
That’s one warning by Allah due to the people who disobey Him.
Allah said, interest is forbidden.
December 13th, 2008 at 6:36 pm1000 homes are …
1000 homes are being reposessed every month in scotland in a country that has a population of 5 million.Everywhere is being hit.
Bush legacy: two …
Bush legacy: two stalemate wars, hurricanes katrina and ike, unwarrant wire tap, credit crisis, high unemployment, 75% increase in debt, jobs moved oversea, world hate us. what is next? stock market crash? great depression? dollar will become worthless?
You understood …
You understood nothing. You state that you are ‘Iroquois’, which has nothing to do with either this video or my statement. (and I’ve encountered alot of ‘Iroquois’ who don’t look a bit Iroquois)
The United States needs to get its act together – quick – on the issue of immigration and poverty. Or it will cease to exist.
When you are diagnosed with cirrhosis, you don’t buy another bottle of Jack Daniels. (unless you want to end your life quicker)
fuck me. that was …
me. that was the most poetic comment i have ever seen on you tube
I am Iroquois. …
I am Iroquois. Americans have killed my people and my blood and turned my beautiful land into a place where people like you can thrive. Your statements demonstrate your ignorance and your complete lack of empathy for humans who have suffered so much in the history of this country. Critical thinkers will thrive in the future of this world, and they will come together and drive people like you into irrelevance.
Yeah.. Lets all get …
Yeah.. Lets all get outa “his” country, cause soon be on the streets and will be on the news soon,
Stupid America.
December 13th, 2008 at 6:36 pmyou are incorrect …
you are incorrect in your logic to ume that I am reacting with emotion, and the rest of your arguemants.. you are an untolerant bigot. if you take a look at the divorce rates
Greenspan’s home …
Greenspan’s home was financed with a fixed-rate mortgage.
When someone asked him why he says “I like safety”
When a nation has …
When a nation has growing poverty and joblessness, obviously the solution is to import millions more.
You are in America because your native land, the land of your blood, is a dump.
December 13th, 2008 at 6:36 pmRofl, nice try …
Rofl, nice try racist. Get out of my country.
America will turn …
America will turn into one big ghetto.
That you are …
That you are offended by my post means nothing. You are reacting with emotion rather than logic.
There are too many people being born, and too many of the low intelligence variety. This is what causes societal breakdown. Look at the illegitimacy rate of African-Americans, for example. Do you think it says nothing of a people when 80% of the children are s?
People who have no desire to work should not continue reproducing.
December 13th, 2008 at 6:36 pmthe rich are …
the rich are getting richer
and the poor are getting poorer
until time comes when everything falls apart
To answer your …
To answer your question, “What are the people who own the buildings and houses doing with all that money they make from rent?”
They committing grand larceny.
.
December 13th, 2008 at 6:36 pmThe U.S. already …
The U.S. already has too many people, and keeps importing more. Thus, importing poverty. The country is gradually being transformed from a first world country into a second and third world country.
some banks were …
some banks were giving 110% of the purchase amount at times..when interest rates go up as they have ( and probably go up more again soon ) the owners repayment goes up so much that even a rent increase will not make up the shortfall….
It is Global though ( in the developed world that is )not just US , Europe , Australia etc are all affected.
Just a financial adjustment, give it a few years and we will be ok again!
