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Watch The Famous 2003/4 Mortgage Fraud Programme At last - Watch the whole thing here -- IT IS PHENOMENAL! Rate Topic: -----

#1 User is offline   eric pebble 

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Posted 09 July 2008 - 07:54 PM

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....=...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...........

This post has been edited by eric pebble: 10 July 2008 - 06:55 PM

What the media today are still not telling us in full - for some reason the lid is being kept on the whole story:
HERE IN THE UK: THE UK SUB-PRIME CATASTROPHE - IT IS NOT ONLY IN AMERICA!! THE UK LIAR LOAN INDUSTRY - Source of FICTITIOUS "MONEY", and the principle driver of the House "Price" Pyramid/Ponzi Scam & Bubble, the "Credit Crunch" - and an unacknowledged major part of and cause of the ensuing Worldwide Financial Crash.
---------------------
The following was reported in a superb documentary in late 2003 - This is now nearly 7 years ago! Since then little has been done here in the UK to dig down deep on this vast elephant in the room: Why? If you're a serious journalist - here's your story - start investigating - it is the biggest financial scandal of all time:

Mortgage customers 'urged to lie' - All this was way back in 2003 by the way!!
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long.
CLICK HERE - http://news.bbc.co.u...ess/3222053.stm

"Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing."
CLICK HERE - http://news.bbc.co.u...ess/3478635.stm

The BBC Money Programme uncovers massive mortgage fraud [2003!]: BBC TWO's The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain's biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
CLICK HERE http://www.bbc.co.uk..._mortgage.shtml
-----------------------------
WATCH THE VIDEO OF THE 2003/4 DOCUMENTARY HERE: - http://video.google....67675&hl=en-GB#
Apologies - the video breaks up 3/4 of the way through - but stick it out - You will get the message overall!
------------------------------
AND WATCH THE LATEST VIDEO OF LIAR LOANS STILL IN ACTION HERE in 2008 - http://news.sky.com/.../20080641317257

#2 User is offline   yellerkat 

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Posted 09 July 2008 - 07:56 PM

Welcome back!

#3 User is offline   interestrateripoff 

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Posted 09 July 2008 - 07:57 PM

I'll watch this later, is it likely to make me want to put my fist through the TV?
2010 Predictions
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

For a digest of press articles on the credit crisis and economy

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#4 User is offline   OLDFTB 

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Posted 09 July 2008 - 07:57 PM

Thanks for this one Eric.
The last honest man to enter the houses of parliament was, Guy Fawkes...

#5 User is offline   Not Long Now 

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Posted 09 July 2008 - 07:58 PM

Well done Eric...!! Great find.

#6 User is offline   eric pebble 

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Posted 09 July 2008 - 07:59 PM

View PostNotlongnow, on Jul 9 2008, 08:58 PM, said:

Well done Eric...!! Great find.

All thanks to Bosh --- he deserves a serious pat on the back!!
What the media today are still not telling us in full - for some reason the lid is being kept on the whole story:
HERE IN THE UK: THE UK SUB-PRIME CATASTROPHE - IT IS NOT ONLY IN AMERICA!! THE UK LIAR LOAN INDUSTRY - Source of FICTITIOUS "MONEY", and the principle driver of the House "Price" Pyramid/Ponzi Scam & Bubble, the "Credit Crunch" - and an unacknowledged major part of and cause of the ensuing Worldwide Financial Crash.
---------------------
The following was reported in a superb documentary in late 2003 - This is now nearly 7 years ago! Since then little has been done here in the UK to dig down deep on this vast elephant in the room: Why? If you're a serious journalist - here's your story - start investigating - it is the biggest financial scandal of all time:

Mortgage customers 'urged to lie' - All this was way back in 2003 by the way!!
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long.
CLICK HERE - http://news.bbc.co.u...ess/3222053.stm

"Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing."
CLICK HERE - http://news.bbc.co.u...ess/3478635.stm

The BBC Money Programme uncovers massive mortgage fraud [2003!]: BBC TWO's The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain's biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
CLICK HERE http://www.bbc.co.uk..._mortgage.shtml
-----------------------------
WATCH THE VIDEO OF THE 2003/4 DOCUMENTARY HERE: - http://video.google....67675&hl=en-GB#
Apologies - the video breaks up 3/4 of the way through - but stick it out - You will get the message overall!
------------------------------
AND WATCH THE LATEST VIDEO OF LIAR LOANS STILL IN ACTION HERE in 2008 - http://news.sky.com/.../20080641317257

#7 User is offline   Roman Abramovitch 

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Posted 09 July 2008 - 07:59 PM

A classic.

Thank you for posting

#8 User is offline   Not Long Now 

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Posted 09 July 2008 - 08:01 PM

View Posteric pebble, on Jul 9 2008, 08:59 PM, said:

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.

#9 User is offline   Injin 

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Posted 09 July 2008 - 08:02 PM

View PostRoman Abramovitch, on Jul 9 2008, 08:59 PM, said:

A classic.

Thank you for posting


I just scanned through it on fast forward.

Didn't see any money.

Did anyone else?
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#10 User is offline   piece of paper 

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Posted 09 July 2008 - 08:02 PM

Eric's back!

#11 User is offline   thecrashingisles 

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Posted 09 July 2008 - 08:03 PM

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%.
Caught in your bad finance

#12 User is offline   AwaitingFairPrices 

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Posted 09 July 2008 - 08:05 PM

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

#13 User is offline   Not Long Now 

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Posted 09 July 2008 - 08:06 PM

View Postthecrashingisles, on Jul 9 2008, 09:03 PM, said:

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!!

#14 User is offline   Confounded 

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Posted 09 July 2008 - 08:13 PM

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. :ph34r:

#15 User is offline   eric pebble 

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Posted 09 July 2008 - 08:15 PM

View PostConfounded, on Jul 9 2008, 09:13 PM, said:

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. :ph34r:

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............
What the media today are still not telling us in full - for some reason the lid is being kept on the whole story:
HERE IN THE UK: THE UK SUB-PRIME CATASTROPHE - IT IS NOT ONLY IN AMERICA!! THE UK LIAR LOAN INDUSTRY - Source of FICTITIOUS "MONEY", and the principle driver of the House "Price" Pyramid/Ponzi Scam & Bubble, the "Credit Crunch" - and an unacknowledged major part of and cause of the ensuing Worldwide Financial Crash.
---------------------
The following was reported in a superb documentary in late 2003 - This is now nearly 7 years ago! Since then little has been done here in the UK to dig down deep on this vast elephant in the room: Why? If you're a serious journalist - here's your story - start investigating - it is the biggest financial scandal of all time:

Mortgage customers 'urged to lie' - All this was way back in 2003 by the way!!
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long.
CLICK HERE - http://news.bbc.co.u...ess/3222053.stm

"Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing."
CLICK HERE - http://news.bbc.co.u...ess/3478635.stm

The BBC Money Programme uncovers massive mortgage fraud [2003!]: BBC TWO's The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain's biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
CLICK HERE http://www.bbc.co.uk..._mortgage.shtml
-----------------------------
WATCH THE VIDEO OF THE 2003/4 DOCUMENTARY HERE: - http://video.google....67675&hl=en-GB#
Apologies - the video breaks up 3/4 of the way through - but stick it out - You will get the message overall!
------------------------------
AND WATCH THE LATEST VIDEO OF LIAR LOANS STILL IN ACTION HERE in 2008 - http://news.sky.com/.../20080641317257
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