Toxic assets — home mortgages packaged into complicated bonds that no one wanted to touch when the housing bubble collapsed — are starting to trade again. Planet Money wanted to map out how this chapter of financial history will end. So we chose to buy a toxic asset of our own.
mortgage meltdown, housing bubble
I learned about these mortgages from a 60 Minutes program that I watched months ago.
So far the Federal Set aside has been extraordinarily reluctant to raise interest rates (they are currently at 0-.25 %) allowing both mortgages to reset, when do you believe interest rates will raise for the next final part of the housing bubble to pass?
The Housing Bubble bursts on a pioneer. Parody using a clip with ****** as the real estate shareholder. He bought a house to flip, faces foreclosure, and now wants to get bailed out. Parody Honest Use of clip. See: www.publaw.com/parody.html
Peter Schiff Schools Yet Another Ivy League Graduate… This One Happens To Be a Harvard MBA Grad www.schiffforsenate.com