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The Real News: Home Foreclosure Crash 2012?

Uploaded by sensfaninohio on Jun 17, 2009 From Glenn Beck’s Fox News Channel program on June 16, 2009 – a graph showing the upcoming crash of the United States housing market thanks to incompetent buffoons like Nancy Pelosi, Harry Reid, Barney Frank and Chris Dodd who were told many times this was coming and chose to look the other way as hundreds of thousands of people were outright handed mortgage loans they had no possible way of repaying and had no business owning a home. According to the forecast we’ve only seen the worst offenders hit the foreclosure mark so far. The next stage comes in 2010 – just prior to the midterm elections – when people who actually tried to pay on their homes will begin to fall into foreclosure — with another group set to arrive there in 2011 just prior to the total collapse in time for 2012. There’s that date again folks — 2012! Coincidence? Not likely!


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5 Responses to "The Real News: Home Foreclosure Crash 2012?"

  1. alexjonesviewer says:
    I’m still tring to figure out how bad things are going to get….I’m sure its going to get real bad….I wonder when the american will be rushing to the banks to withdraw all there money
  2. atlasshrugged2u says:
    @theroilsoil A very intellectual and factual judgement my friend!!
  3. theroilsoil says:
    Most mortgages (across the board) will soon be underwater.

    Many of the upper-priced houses which have gone into forclusure – especially in places like here in Dana Point, Ca. – have been purposely not allowed to go back onto the market by the corrupt banking industry – simply because by doing so the upper-end of the housing house of cards will collapse further, driving prices down sharply at the upper-end.

    It’s over folks, housing should have never become speculative, and now we see why.

  4. theroilsoil says:
    You’re 100% correct.

    MERS is the Mortgage Electronic Registry System which has been responsible
    for automatically approving nearly 50% of mortgages around the country. However, since many
    banks sliced-and-diced mortages and sold them off as “Collateralized Debt Obligations”, they are
    no longer the mortgage originators, and therefore should not be able to foreclose.

    Banks are stealing homes back; since many of the mortgages are worthless, the
    banks will soon go under.

  5. kobedarott says:
    We Haven’t Seen Anything Yet!

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