Both the House and Senate passed the massive bailout bill this week.
What caused this mess and what does it mean for everyday people like us?
Take the time to listen to an interview by Brian Brady, Sean Purcell and Greg Swann addressing:
- “The Community Reinvestment Act (original sub-prime loans), conceived in 1977 and super-charged in 1995, was the actual starting point of the “toxic loan” revolution that took our economy down.
- The Bailout may be an instrument to keep people into homes through the “loansharking collection” principle.
- Predictions about the convergence of low-priced and mid-priced homes through financing caps.”