eric pebble Posted July 9, 2008 Share Posted July 9, 2008 (edited) OK everyone! I have - for nearly FIVE YEARS!!! - gone on about The Money Programme about MORTGAGE FRAUD that was broadcast at the end of 2003 and start of 2004!!! HERE IT IS!!!!!! LIAR LOANS GIVEN OUT LIKE CONFETTI WHEREVER THEY WENT!!! WATCH HOW THE "MARKET" WAS ARTIFICIALLY MANIPULATED & HIKED AND COMPLETELY SKEWED - AND "PRICES" PUMPED UP BY ENDEMIC & MASSIVE, MASSIVE, FRAUD!!! http://video.google.co.uk/videoplay?docid=...75&hl=en-GB It lasts nearly 30 minutes -- 30 minutes of stunning fraud...... SIT BACK AND WATCH HOW THIS GAVE US ALL THE WARNING WE NEEDED!! WATCH HOW LIE-TO-BUY WAS DONE 5 YEARS AGO -- AND NO ONE DID ANYTHING ABOUT IT!!! WATCH MORTGAGE FRAUD AND LIAR LOANS IN ACTION!! IT HAS GONE ON FOR WELL OVER 5 YEARS -- AND STILL GOES ON!!! HERE ARE THE ORIGINS OF THE WORLD'S GREATEST EVER PYRAMID SELLING SCAM AND FRAUD THAT HAVE LED US TO NEAR-MELTDOWN - AND THE BANKS ON THEIR KNEES.... BEGGING FOR HELP AND MONEY........... PATHETIC!! ON THE DAY THAT BRADFORD & BINGLEY TOTTERS ON THE ABYSS -- AND ONE YEAR AFTER THE NORTHERN CROCK BUST -- WATCH HOW WE GOT TO ALL THIS!!! WATCH AND ENJOY!!! WATCH HOW WE GOT TO WHERE WE ARE TODAY IN JULY 2008........... Edited July 10, 2008 by eric pebble Quote Link to comment Share on other sites More sharing options...
yellerkat Posted July 9, 2008 Share Posted July 9, 2008 Welcome back! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 9, 2008 Share Posted July 9, 2008 I'll watch this later, is it likely to make me want to put my fist through the TV? Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted July 9, 2008 Share Posted July 9, 2008 Thanks for this one Eric. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 9, 2008 Share Posted July 9, 2008 Well done Eric...!! Great find. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted July 9, 2008 Author Share Posted July 9, 2008 Well done Eric...!! Great find. All thanks to Bosh --- he deserves a serious pat on the back!! Quote Link to comment Share on other sites More sharing options...
Roman Abramovitch Posted July 9, 2008 Share Posted July 9, 2008 A classic. Thank you for posting Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 9, 2008 Share Posted July 9, 2008 All thanks to Bosh --- he deserves a serious pat on the back!! Yes, I remember your discussion with Bosh over this a few days / weeks ago. Well done Bosh. Eric: I remember this programme well. It was one of the primary reasons why I gave the housing market a wide berth. And i'm glad I did. Quote Link to comment Share on other sites More sharing options...
Injin Posted July 9, 2008 Share Posted July 9, 2008 A classic.Thank you for posting I just scanned through it on fast forward. Didn't see any money. Did anyone else? Quote Link to comment Share on other sites More sharing options...
piece of paper Posted July 9, 2008 Share Posted July 9, 2008 Eric's back! Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 9, 2008 Share Posted July 9, 2008 The really sickening thing is that the 'bubble' prices they talk about in the programme seem positively reasonable by today's standards. This whole mess was totally avoidable! House prices will now inevitably have to fall over 40%. Quote Link to comment Share on other sites More sharing options...
AwaitingFairPrices Posted July 9, 2008 Share Posted July 9, 2008 I wonder what has happened to that Mr Partrick Dalton. He seemed very well qualified....to sell dodgy cars on the side of the street. Toospot. Great find, I remember when this boom in self-certs started, was a clear sign of market insanity. AFP Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 9, 2008 Share Posted July 9, 2008 The really sickening thing is that the 'bubble' prices they talk about in the programme seem positively reasonable by today's standards. This whole mess was totally avoidable!House prices will now inevitably have to fall over 40%. ...mad isn't it. That was 5 years ago!! Quote Link to comment Share on other sites More sharing options...
Confounded Posted July 9, 2008 Share Posted July 9, 2008 Eric thanks for the post, a bit of great HPC nostalgia. This was seminal moment for me with regards for the impending HPC. At the time I naively thought this whistle blowing would have caused enough ripple to potential cause the start, little did I know it was going to go on for another 4 years!. I did not trade up and buy a bigger house for which I am very grateful to this programme for. Then I found HPC.co.uk in middle of 06 and the veil was lifted further and the true horror of what we now face became clear. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted July 9, 2008 Author Share Posted July 9, 2008 Eric thanks for the post, a bit of great HPC nostalgia.This was seminal moment for me with regards for the impending HPC. At the time I naively thought this whistle blowing would have caused enough ripple to potential cause the start, little did I know it was going to go on for another 4 years!. I did not trade up and buy a bigger house for which I am very grateful to this programme for. Then I found HPC.co.uk in middle of 06 and the veil was lifted further and the true horror of what we now face became clear. It's a great pleasure ---- Many thanks to Bosh BTW --- The video gets a bit faded/rocky in the last 2 minutes or so due to techy problems -- but this should be little problem --- it lasts 29 minutes --- and it says is all............ Quote Link to comment Share on other sites More sharing options...
sambino Posted July 9, 2008 Share Posted July 9, 2008 Just watching it now. Great stuff. Why arnt people being thrown in prison for this ? Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted July 9, 2008 Share Posted July 9, 2008 OK everyone!I have - for nearly FIVE YEARS!!! - gone on about The Money Programme about MORTGAGE FRAUD that was broadcast at the end of 2003 and start of 2004!!! It wasn't the money programme but I also remember watchine a property documentary around the same time. They had the boss from Bradford & Bingley on it. He was ramping btl as a win, win situation as all those he loaned money to to purchase a btl would have good jobs and were more than happy to subsidise the tenants rent. Mmmm, hindsights a wonderful thing. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 9, 2008 Share Posted July 9, 2008 Just watching it now. Great stuff. Why arnt people being thrown in prison for this ? The problem seems to be: banks knew dam well what was happening. Borrowers lied - banks were thoroughly complicit. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted July 9, 2008 Share Posted July 9, 2008 Good to see you back Eric, and what a way to return. All thanks to Bosh --- he deserves a serious pat on the back!! Indeed. I'd like to add a virtual pat on the back to all those Bosh is likely to receive. Excellent work. (Good job they are virtual otherwise poor Bosh would be black & blue by now!) Quote Link to comment Share on other sites More sharing options...
gusset Posted July 9, 2008 Share Posted July 9, 2008 best bit is when mr joe public is shown the videotape and expresses disbelief that someone who works for an estate agency (the broker) would act dishonestly! --------------------------------------------------------------------- i don't have signature yet Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 9, 2008 Share Posted July 9, 2008 Mods: Can we pin this video link somewhere (maybe the resources link?) I'll go mad if I have to trawl the forum at some point in the future if I want to find the video through this thread. Thanks, Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted July 9, 2008 Share Posted July 9, 2008 GREAT FIND ERIC, KEEP UP THE GOOD WORK!!!! Quote Link to comment Share on other sites More sharing options...
OMG Posted July 9, 2008 Share Posted July 9, 2008 *round of applause* Quote Link to comment Share on other sites More sharing options...
Injin Posted July 9, 2008 Share Posted July 9, 2008 http://en.wikipedia.org/wiki/P._T._Barnum http://en.wikipedia.org/wiki/There%27s_a_s...rn_every_minute Quote Link to comment Share on other sites More sharing options...
AteMoose Posted July 9, 2008 Share Posted July 9, 2008 (edited) In 2004/5 the 'fraud' was reduced. The higher multiples were legalised through an introduction of affordability instead of salary multiples Edited July 9, 2008 by moosetea Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.