Bush Is Turning the USA into a Subprime Borrower

Much in the same way that US investors were "steered" into rip-off mortgage loans, the entire country has been "steered" into an economic crisis. The question is how to get out of it.

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Patriot News Hour (Radio Show) Thursday, August 23, 2007

http://www.allamericangold.com/

Eric and Joe have so much news to report, an hour is not enough time to get it all done. More info on the economy, Wall Street, the mortgage broker banks, job losses, liar loan debacle, etc. The DOW doesn't represent America anymore and the dollar will head back down again. Call 800-951-0592 to find out what PTG can do FOR YOU.

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Dave Ramsey Discusses Subprime Fallout

Syndicated talk show host Dave Ramsey discusses the subprime fallout with Neil Cavuto on Fox News.

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Housing turmoil leaves few winners

Aug. 23 - The downturn in housing shows no signs of improvement as Toll Brothers, the largest U.S. luxury home builder, said tighter credit is likely to weigh on its future bottom line. S&P added to the negative tone when it lowered its credit rating on four home builders. Moody's also has several home builders under review. Diane King reports from New York.

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MoneyWatch (CBS News)

More mortgage mess victims as Lehman Brothers and Accredited Home Lenders close their home loan units and downsize; and luxury home builder Toll Brothers' profits tumble. Alexis Christoforous reports. (CBSNews.com)

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There IS (was) No Mortgage Crisis

The "mortgage crisis" was created and fueled by the media machine. It did not exist. I have challenged in multiple venues for any talking head/journalist to demonstrate with positive proof that one REIT or Hedge Fund lost money prior to September 11, 2006 because they invested in subprime mortgages. They will not respond - because they can not respond. When Warren Buffet starts considering purchasing an "ailing" subprime mortgage giant like Countrywide you know I am right.

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