Mortgage Meltdown. Some NPR shows discussing the housing bubble bursting

[Roland99]

May 2007
http://www.npr.org/templates/story/story.php?storyId=10545668

Sept. 2007
http://www.npr.org/templates/story/story.php?storyId=14154847
http://www.npr.org/templates/story/story.php?storyId=14204632
http://www.npr.org/templates/story/story.php?storyId=14210771
http://www.npr.org/templates/story/story.php?storyId=14261578

Sept. 2007
http://www.onpointradio.org/shows/2007/09/20070906_a_main.asp

[cliss]

1. Thanks for the links.

Really good stuff in there; it's becoming really urgent for anyone with a home + an ARM to read this stuff.

I object to the concept of the "BUBBLE" in real estate. A bubble gives the imporession that it's something that will "pop" very quickly like a balloon usually does. Quick burst, and then things will start going up again.

This latest subprime catastrophe is not a "Bubble". It's a slow motion train wreck that's threatening our economy. It hasn't even started yet.

[Roland99]

2. No problem and i agree.

Hesitated on using the term bubble.

This is more fundamental.

Someone posted a video link on Google Video a couple days ago. Go to Google video and search for 'money as debt'. Posting from phone so can't paste a link.

[cliss]

4. Thax, I didn't mean you,

the concept of "bubble" is in every article, every conversation, and probably on every banker's lips right now.
:smoke:

[Roland99]

5. No worries. BTW, here's the link for Money as Debt at Google Video (47min)

http://video.google.com/videoplay?docid=-9050474362583451279

[fed-up]

3. kick/rec bookmarked for later nt

[Roland99]

6. Just listened to the last one.

Two callers near the end exemplify the problem. 1st was a woman whose $3200 mortgage was set to adjust next month and could rise to as high as $4500. Irresponsible. 2nd was an appraiser in biz for 20yrs whose appraisals, when they would come in lower than the mortgage broker wanted, would be questioned or ignored and another appraiser used.