Upside Down Mortgage

Youtube Subprime

Question: Did you drink the Fox koolaid on Barney Frank being responsible for subprime?

If so, check out this little trip down memory lane: It wasn't just ole Barney.

Answer: Look at Documentary House Of Card produced by NBC Barney Frank was a very small player, but he holds some responsibility for allowing the unregulated creations of institutions that facilitated the development of bundled mortgage securities derivatives . Forget what they were called It was something like CDM. If his party had controlled congress when this investment instrument took majority of mortgages from local control to Wall Street Banker control would say he was more to blame.

Sub-Prime Crisis Analysis on "Left, Right and Center" Pt 1

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