We have been in the mortgage and financial industry for a long time. We are asked, everywhere we go, "What really caused this financial crisis?".
We stumbled across this video the other day and thought we should share it with you because it covers the cause very well. Our intent is not to offend, but to help you understand the "how we got here" question.
This video moves very fast but it covers the facts on how we got in this financial mess. You may not like what you will see here, ... but it is all true. You can google it.
So ... watch it twice. Send it to your friends.
There are so many lies out there how can anyone know what is real.
This is real.
Jerry and I are in the mortgage business and we have watched it unfold.
If for some reason this video does not play here, you can watch it at: http://www.youtube.com/watch?v=1RZVw3no2A4
Wishing you the best.
Connie
Monday, October 27, 2008
Financial Crisis - Mortgage Failure
Wednesday, October 1, 2008
Economic crisis - we will survive
What actually created this economic crisis? I guess it depends on who you ask. I will say though that I'm really tired of all the spin everyone is putting on it.
The facts are in our history and you can trace it back or chart it if you would like. Does it matter which political party contributed to this disaster? I don't think it really matters as far as the past is concerned but you need to understand the party platforms so we get the right people in office to fix it.
Here is a short but very fast moving account of how we got here. It moves pretty fast, I actually had to watch it twice.
Before you watch it I want you to understand that I am not pushing politics here. It's a good video because of the facts. I am an independent and don't support either party but that is a different subject.
Incase the video has been taken down, you can watch it here on YouTube.
Or, you should be able to view it here on this blog.
My personal opinion is that we should not have a Bail Out. Let the pieces fall and it will clean out all the bad guys.
I think a lot of "how bad it will be" is hype too. Do I have any facts to base that on? Just my gut because they are not giving us any real information so we can make an intelligent decision. You know about the mushrooms, right?