Part 2: au.youtube.com Documentary on the ease of credit, predatory lending, and the resulting high level of debt for many Australians. First Broadcast 31/3/2008 – Four Corners – Australian Broadcasting Corporation.
Part 2: au.youtube.com Documentary on the ease of credit, predatory lending, and the resulting high level of debt for many Australians. First Broadcast 31/3/2008 – Four Corners – Australian Broadcasting Corporation.
@lorax2013
This is part of the problem. There is all too often an unwillingness on the part of the borrower to accept any real responsibility for their part in the bad transaction. I find the practices of the banks utterly disgusting but let’s not be fooled into looking upon all borrowers as victims. The biggest slap in the face is for those who have lived well within their means, doing without and who now foot the bill for a transaction that had nothing to do with them in the first place.
Why did you keep taking out the loans? “Because they kept giving it to us.” Well, at least this family had a nice mansion for a few years. The real problem is that once these people default, the bank doesn’t take the loss. The loss is passed on to uninvolved taxpayers by politicians in the back pocket of the banking industry.
Why is she going threw all that trouble to clean the house.I think most people would say screw it let someone else bust there a** to clean this place.
Is it really the banks fault when YOU are the one who keeps taking the money? Am I supposed to feel sorry for people like this? There are people in the world that are staving everyday and NOT because they kept taking out debt to buy things they didn’t need. What we are missing in this world is personal responsibility! If this story is about you then WAKE UP!
they are doing to you guys what they did to U.S.
don’t take the bait. Proves that it is a conspiracy to thrust the world into chaos!
never again will I take out credit or loans. Let the banks play their own games, those sharks.
It`s not suposed to be about classwarfare you idiots! It shows that even people from the middle-class with good living conditions, now end up homeless.
sounds like whats coming to Canada…but the Canadian sheep are still asleep and in denial
I agree.
Looking at the size of that house, I can’t say I feel sorry for those ignorant, greedy losers.
1:16 fuck this shit !!!
what a huge nice fancy house !!!
well, this ain’t gonna work…. you live in a palace and we live in a cage…
that’s sick !!!
LIVE WITH FAMILY
fourty two
just looking for a woman
that wants to be married
for the ten year depression
and live in canada
naive and excited midget sets his bar too high.
I bought my house what my two years of my earnings bring and do not have to pray to God now. Nice and big my house is too, not like yours though but I sleep okay.
Nice day.
good thinking
hey thanks for your wisdom derek but spare me the patronising.
Its called dignity. You will understand later on in life. Merry Christmas!
“Never spend your money before you have earned it.” – Thomas Jefferson
look like america
I’ve never vacated a property not having cleaned it thoroughly. I didn’t know there were so many filthy people out there. I guess that’s why my landlords are always astonished when they have to return my deposit.
What an incredibly immature and irresponsible attitude and at the core of America’s problems too I might add.
same thing kind of happened to me years ago when I used to rent machines. sometimes if someone could no longer keep the rental up I would have to collect the machine, and often the thing would be beaten up to junk.
thats what the people who I finance cars to do sometimes, when they cannot pay me anymore gotta love them.
why clean a house that you’re being thrown out of? That’s the opposite of what many do, which is totally trash the place when they have to go. I’ve heard of people completely destroying a house that the bank is about to repossess. So what if the bank is angry. What are they going to do? sue you? If you’re being reposessed you’re penniless anyway so fuck them to hell.
I think the best way to go about it is to talk to all the people in the same situation and form a group. Then they go to the bank and say: we get a better loan or we default on all our debt all at the same time.
It takes a couple of hundred thousand people to do that right. As Trump said: “If you owe the bank 100 million, you have a problem. If you owe the bank a billion, the bank has a problem. No reason not to share the pain, people.”
The best thing they can do is the the lenders and the people who invested in the CDO securities fall flat on their faces. These parasites have caused way too much distruption in the financial markets around the worlds and they need a good spanking. Sadly, too many U.S. politicians are bought and paid for by these lenders.