People is the US lost their homes because they borrowed way more than they could pay back. Buyers should have been much more cautious. It was a result of deregualtion of the banking industry, not socialsim. Look at Canada. No crisis here, but banks are regualted to prevent this. Damn socialist Canada!
Perhaps you have been listening to the Tea Party rhetoric. Sarah Palin has all the answers right in the palm of her hand. (left one I believe). No teleprompter needed.
Hello, McFly? What does the video have to do with people borrowing more than they should have? I completely agree, with your statement... however, the video shows that BANKS, and this is not the only one, are getting more money on top of what they should be getting via HELOC foreclosures and even regular foreclosures. Why should the Fed / FDIC give taxpayer money to these leaches over and above their "losses"???
Tea Party? Since when did this get political? ...but if you insist... Hahahahahahaha, yea Clinton in 1999 repealed the G-L-B Act which affected the Glass-Steagall bill and deregulated the banks. Funny how the liberals and conservatives can't see the freaking truth in front of them... but you go on believing in that Hope and Change... let me know how that works out for you...