Thursday, January 20, 2011

Congressman Alan Grayson explains what went wrong with the foreclosure process

washingtonpost.com

Confused about all the news regarding problems with foreclosures and how home mortgages are related to Wall Street? Check out this YouTube video by Florida Congressman Alan Grayson.

2 comments:

billy pilgrim said...

i just started reading "the big short" by michael lewis. it's a real eye opener on how the big brokerages bundled subprime mortgages and repackaged them as bonds.

texlahoma said...

Billy - I really don't know all the ins and outs of it but I can see the big picture. I remember you explaining about bubbles in the past, seems like you were pretty accurate.

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