http://www.viddler.com/explore/seeprogress/tags/global/mortgage/ seeprogress's videos tagged with mortgage Mon, 21 Dec 2009 07:20:09 GMT http://www.viddler.com/css/images/viddler.gif http://www.viddler.com/ Viddler.com - Upload, Enhance, Share http://www.viddler.com/explore/seeprogress/videos/160/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/160/" title="Imagining a Mortgage Finance System that Works" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_cd2aa037.jpg" width="114" height="86" alt="Imagining a Mortgage Finance System that Works" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2009/03/pdf/mortgage_finance_principles.pdf">http://www.americanprogress.org/issues/2009/03/pdf/mortgage_finance_principles.pdf</a> The bursting of the housing bubble and the resulting foreclosure epidemic have exposed major flaws in the U.S. housing finance system. All agree that significant reforms are necessary in all areas of mortgage finance&mdash;origination, primary lending, and secondary markets for mortgage-backed securities including Fannie Mae and Freddie Mac&mdash;but there is little consensus on what the system should look like when reforms are in place. Featured Remarks: Reform Considerations in the Housing Finance System Michael Barr, Counselor to the Director of the National Economic Council, White House Welcoming Remarks David Min, Associate Director for Financial Markets Policy, Center for American Progress Moderated Discussion: Defining Progressive Principles for Mortgage Finance Reform Michael Calhoun, President, Center for Responsible Lending Jonathan Miller, Democratic Professional Staff, Senate Committee on Banking, Housing, and Urban Affairs (subject to Senate schedule) Susan Wachter, Co-Director, Institute for Urban Research, The Wharton School, University of Pennsylvania Kenneth Wade, Chief Executive Officer, Neighborworks Barry Zigas, Director of Housing Policy, Consumer Federation of America Moderated by: Sarah Rosen Wartell, Executive Vice President and Managing Director for Economic Policy, Center for American Progress<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/cap">cap</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/estate">estate</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/geithner">geithner</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/housing">housing</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/real">real</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/treasury">treasury</a></p> Mon, 23 Mar 2009 16:17:00 GMT http://www.viddler.com/explore/seeprogress/videos/160/ american cap debt economy estate finance geithner housing mortgage progress real treasury seeprogress Imagining a Mortgage Finance System that Works http://www.viddler.com/explore/seeprogress/videos/154/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/154/" title="President Obama's Priorities for the Economy--ASK THE EXPERT" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_cd5c7bd6.jpg" width="114" height="86" alt="President Obama's Priorities for the Economy--ASK THE EXPERT" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2009/02/ambitious_action.html">http://www.americanprogress.org/issues/2009/02/ambitious_action.html</a> What does President Obama's budget say about his administration's priorities? How does the budget balance economic recovery and the deficit? And is this a budget that Congress will be able to pass? Michael Ettlinger of the Center for American Progress answers these questions in the latest installment of CAP's ASK THE EXPERT series.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/budget">budget</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/cap">cap</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/dollar">dollar</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/employment">employment</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/ettlinger">ettlinger</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/job">job</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/layoff">layoff</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/market">market</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/obama">obama</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/recession">recession</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/seeprogress">seeprogress</a></p> Mon, 09 Mar 2009 14:03:01 GMT http://www.viddler.com/explore/seeprogress/videos/154/ american bank budget cap credit debt dollar economy employment ettlinger job layoff market money mortgage obama progress recession seeprogress seeprogress President Obama's Priorities for the Economy--ASK THE EXPERT http://www.viddler.com/explore/seeprogress/videos/144/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/144/" title="CAP Animation: How the Recovery Works" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_54ee4016.jpg" width="114" height="86" alt="CAP Animation: How the Recovery Works" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2009/02/recovery_animation.html http://www.americanprogress.org/issues/2009/02/obama_housing_plan.html">http://www.americanprogress.org/issues/2009/02/recovery_animation.html http://www.americanprogress.org/issues/2009/02/obama_housing_plan.html</a> READ ABOUT THE OBAMA HOUSING PLAN ABOVE Recovery investment isn&rsquo;t only about the government paying for individual jobs; it is about rebuilding confidence in the economy and creating an environment that will enable economic growth and spur the private economy to create jobs.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/cap">cap</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/congress">congress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/energy">energy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/health">health</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/jobs">jobs</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/obama">obama</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/president">president</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progressive">progressive</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/recovery">recovery</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/stimulus">stimulus</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/tax">tax</a></p> Thu, 19 Feb 2009 18:06:01 GMT http://www.viddler.com/explore/seeprogress/videos/144/ american cap congress economy energy health jobs mortgage obama president progress progressive recovery stimulus tax seeprogress CAP Animation: How the Recovery Works http://www.viddler.com/explore/seeprogress/videos/103/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/103/" title="Mortgages Are Troubled Assets - Rescuing the Economy" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_a81fe4e1.jpg" width="114" height="86" alt="Mortgages Are Troubled Assets - Rescuing the Economy" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/11/barr_mortgage_crisis_testimony.html">http://www.americanprogress.org/issues/2008/11/barr_mortgage_crisis_testimony.html</a> Andrew Jakabovics of the Center for American Progress explains that the about face by Treasury Secretary Henry (Hank) Paulson misses the mark -- the troubled US mortgage markets are the root of the international financial crisis.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/paulson">paulson</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Tue, 18 Nov 2008 04:09:00 GMT http://www.viddler.com/explore/seeprogress/videos/103/ bush economy money mortgage paulson street subprime wall seeprogress Mortgages Are Troubled Assets - Rescuing the Economy http://www.viddler.com/explore/seeprogress/videos/97/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/97/" title="Rescuing the Economy: The U Turn" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_5c47a5d4.jpg" width="114" height="86" alt="Rescuing the Economy: The U Turn" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/11/restoring_confidence.html">http://www.americanprogress.org/issues/2008/11/restoring_confidence.html</a> Michael Ettlinger of the Center for American Progress offers his thoughts on the Treasury's about face on the economic rescue plan as President-elect Barack Obama and a new Congress will take office in less than 70 days amid the greatest financial market and economic challenges our nation has faced since the Great Depression. The economy is likely in a recession&mdash;one that could be a long and deep. We are engaged in two wars overseas. Skyrocketing health care costs are consuming too great a share of our economy and threatening to create an unsustainable national debt. Our continued heavy reliance on fossil fuels exposes our economy to volatile oil prices and supply disruptions as well as the potentially catastrophic costs of climate change in the coming decades. Aggressive action is needed to restore economic confidence and growth. We need action now to stimulate the economy, starting at once and lasting as long as necessary. Immediate government investments can put us on a path to recovery while also speeding the arrival of accessible, affordable health care, an economy powered with clean, sustainable, and secure sources of energy, and an education system that prepares our children for good jobs and keeps good jobs in America. These steps will help the economy through a period of economic weakness and lay the foundation for shared economic growth in the decades to come. These investments in economic stimulus and recovery will contribute to a higher budget deficit in the short term. But we cannot be penny wise and pound foolish. Strong economic growth will do far more to put us on the path of fiscal health than shortchanging needed investments today.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/ettlinger">ettlinger</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/greenspan">greenspan</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/invest">invest</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/market">market</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/paulson">paulson</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/treasury">treasury</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Fri, 14 Nov 2008 09:35:01 GMT http://www.viddler.com/explore/seeprogress/videos/97/ american bush credit debt ettlinger greenspan invest market money mortgage paulson progress street subprime treasury wall seeprogress Rescuing the Economy: The U Turn http://www.viddler.com/explore/seeprogress/videos/91/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/91/" title="The Financial Crisis - Who's To Blame?" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_53c5083c.jpg" width="114" height="86" alt="The Financial Crisis - Who's To Blame?" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/domestic">http://www.americanprogress.org/issues/domestic</a> Who's to blame for the global financial crisis? A cynical conservative agenda that rewrote the rules for the rich. Today, working Americans feel less and less secure, and their prospects for economic mobility seem more and more remote. People are working longer hours than ever before, change jobs more frequently, and have more volatile incomes. Forty-seven million live without health insurance. Few are represented by a union. Many face tough competition from lower-wage workers abroad. The land of the American Dream now has less inter-generational income mobility than many other developed countries. Family incomes have risen on average within generations only because the incomes of women have risen as their participation in the workforce has grown dramatically; incomes of men have stagnated. The additional income from the second earner is essential to cover the rising cost of healthcare, energy, and childcare, among other things. Each of the traditional pathways to progress is littered with roadblocks. Incomes are not rising; the historical link between greater productivity and higher wages has broken down. Personal savings in the United States is near record lows. From pre-school through high school, we are failing to prepare many for college and the workplace. Those who begin degree or credential programs to improve earnings complete them at alarmingly low rates. Until recently, homeownership was a pathway to wealth accumulation, but many now see their equity slipping away. American workers feel less secure with good reason. Their prospects for getting ahead are more limited. Working hard and playing by the rules is not enough. In recent years, economic growth has been relatively strong, but the economy has added jobs at a lackluster rate compared to similar times in the economic cycle. The share of the nation&rsquo;s income that goes to those in the middle is lower than it has been in 50 y<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bailout">bailout</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bernanke">bernanke</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/conservative">conservative</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/crisis">crisis</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/dollar">dollar</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/market">market</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/tax">tax</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/treasury">treasury</a></p> Tue, 21 Oct 2008 15:01:02 GMT http://www.viddler.com/explore/seeprogress/videos/91/ bailout bank bernanke bush conservative credit crisis debt dollar economy finance market mortgage tax treasury seeprogress The Financial Crisis - Who's To Blame? http://www.viddler.com/explore/seeprogress/videos/89/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/89/" title="Fixing the Credit Markets - Rescuing the Economy" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_fea159a8.jpg" width="114" height="86" alt="Fixing the Credit Markets - Rescuing the Economy" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/09/economic_recovery.html">http://www.americanprogress.org/issues/2008/09/economic_recovery.html</a> In these tumultuous days, it is often overlooked that the fate of Wall Street is, in this particular case, especially intertwined with the fortunes of Main Street. The connecting link isn?t just a matter of stock market volatility, but rather underlying problems in the credit markets. Lenders on Wall Street, and those who provide lenders their capital, are unable or unwilling to lend or invest because of the mortgage crisis. If nothing is done, the already large and growing impact on the routine borrowing of businesses will become even more acute. Businesses will face problems meeting payroll, purchasing inventory, and making investments?consequences reaching far beyond Wall Street. Personal credit for auto loans, student loans, credit cards and, of course, mortgages will also become harder to come by. The housing, mortgage, and financial mess have already ensnared the labor market. Jobs have declined for eight consecutive months in total non-farm employment. Not all job loss can be directly linked to the current financial mess, but it is safe to say that job losses have continued and the economy?s ability to mount a recovery is hampered by the turmoil. Since the start of 2008, the economy has lost a total of 605,000 jobs, while the unemployment rate hit 6.1 percent in August 2008, up from 5.0 percent at the end of 2007. The number of unemployed climbed to 9.4 million from 7.6 million over the same period.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bailout">bailout</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/cnbc">cnbc</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/congress">congress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/jobs">jobs</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/market">market</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mccain">mccain</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/paisley">paisley</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progressive">progressive</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/rescue">rescue</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/seeprogress">seeprogress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Thu, 02 Oct 2008 18:40:01 GMT http://www.viddler.com/explore/seeprogress/videos/89/ american bailout bank bush cnbc congress credit debt economy finance jobs market mccain money mortgage paisley progress progressive rescue seeprogress street wall seeprogress Fixing the Credit Markets - Rescuing the Economy http://www.viddler.com/explore/seeprogress/videos/88/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/88/" title="The Economic Crisis - No Bailout - Now What?" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_daa0ea26.jpg" width="114" height="86" alt="The Economic Crisis - No Bailout - Now What?" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/09/conservatives_pain.html http://www.americanprogress.org/issues/2008/09/real_solutions.html">http://www.americanprogress.org/issues/2008/09/conservatives_pain.html http://www.americanprogress.org/issues/2008/09/real_solutions.html</a> Michael Ettlinger of the Center for American Progress offers his take on the latest news out of Washington and the financial markets after U.S. Treasury Secretary Henry Paulson and President George W. Bush yesterday failed to convince a majority of their own party in Congress that the consequences of failing to pass their $700 billion financial rescue package could be catastrophic for the U.S. economy. The American people over the next few days will catch a glimpse of the consequences in financial markets, at their hometown banks, and at their jobs, but should congressional inaction persist we may not experience the full brunt for a month or more. That?s why these next few days will be so telling. If those who opposed the rescue package in Congress do not feel responsible for the leading edge of the problems they have allowed to grow?as prices fall, borrowing costs rise, and more and more small- to medium-sized companies and financial institutions are unable to access credit?then they are unlikely to change their minds about the bailout plan. If their constituents do not get antsy as the problems of Wall Street start to spread to the companies they work for and to their own access to credit, and they do not demand action?no action may be forthcoming. Will the financial markets spook enough of the dissenters to change their vote on the bill, which fell only 12 votes shy of passage? That probably depends most immediately on how dramatic the reaction is in the commercial paper market, which was largely done with trading yesterday before the bailout bill went down to defeat. This vital credit marketplace?where companies tap short-term credit to smooth out their cash flow needs to make payroll and pay suppliers in a timely fashion?could react sharply today. This morning?s record high for the benchmark <p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bailout">bailout</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/congress">congress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/lending">lending</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/market">market</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mccain">mccain</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/obama">obama</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/paulson">paulson</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/pelosi">pelosi</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/republican">republican</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/rescue">rescue</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/taxpayer">taxpayer</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Tue, 30 Sep 2008 16:16:03 GMT http://www.viddler.com/explore/seeprogress/videos/88/ bailout bank bush congress credit debt economy lending market mccain money mortgage obama paulson pelosi republican rescue street subprime taxpayer wall seeprogress The Economic Crisis - No Bailout - Now What? http://www.viddler.com/explore/seeprogress/videos/86/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/86/" title="An Economic Bailout Done Right -Center for American Progress" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_e5ce787f.jpg" width="114" height="86" alt="An Economic Bailout Done Right -Center for American Progress" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/09/fair_effective_graphic.html http://www.americanprogress.org/issues/2008/09/handle_with_care.html">http://www.americanprogress.org/issues/2008/09/fair_effective_graphic.html http://www.americanprogress.org/issues/2008/09/handle_with_care.html</a> U.S. Treasury Secretary Henry Paulson?s initial proposal for the giant Wall Street bailout would have given him, as secretary of the Treasury, the personal authority to spend $700 billion of taxpayers? money to buy troubled financial assets on any terms he saw fit. He would then be authorized to sell these assets, also without limitation. Under his proposal, his actions are explicitly exempted from review by any court or administrative body. Congress appears to be moving Paulson off these extreme terms, but any final deal should rest meaningful control, true decision-making authority, not in one person and certainly not with the secretary of the Treasury of an administration that, in large part, authored this crisis. Paulson along with the rest of the Bush economic policy apparatus?and in fact all of those who are ideologically resistant to a role for government in the economy?are deeply implicated in the mess we?re in. Whether we call it incompetence, gross negligence or ideology run amok, no action was taken as the economy, and the financial sector in particular, grew more and more dependent on a mass of untenable loans in over-valued assets. Since that bubble began to burst they have dragged their feet in taking the kind of comprehensive action that?s been needed?resisting congressional attempts to fix the housing market and calls by the Center for American Progress, among others, to jump in to stop the bleeding before it ever reached this stage. More aggressive action has been needed for months to preserve the value of homes for the benefit of homeowners, to protect the value which underlies the mortgage-related assets in the hands of investors, and to prevent the loss of so much value in our overall economy.<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bailout">bailout</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bernanke">bernanke</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/billion">billion</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/congress">congress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/crisis">crisis</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/estate">estate</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/foreclosure">foreclosure</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/housing">housing</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/paulson">paulson</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/real">real</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Wed, 24 Sep 2008 08:12:02 GMT http://www.viddler.com/explore/seeprogress/videos/86/ bailout bernanke billion bush congress credit crisis debt economy estate foreclosure housing mortgage paulson real street wall seeprogress An Economic Bailout Done Right -Center for American Progress http://www.viddler.com/explore/seeprogress/videos/83/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/83/" title="Resucing the Economy - Neither Fair Nor Effective" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_5e6a0684.jpg" width="114" height="86" alt="Resucing the Economy - Neither Fair Nor Effective" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/09/fair_nor_effective.html">http://www.americanprogress.org/issues/2008/09/fair_nor_effective.html</a> Ed Paisley of the Center for American Progress shares his thoughts on the unprecedented economic bailout being planned by the federal government. Unless U.S. Treasury Secretary Henry Paulson?s first stab at a $700 billion rescue of the global financial system is revised to incorporate restructuring troubled mortgages, it will be neither fair nor effective. Paulson?s draft legislation attempts to rescue the balance sheets of Wall Street but does almost nothing for homeowners on Main Street. That?s a fundamental flaw. The U.S. housing market won't recover without restructuring of underlying mortgages that are troubled. Global credit markets will not respond to this exceedingly expensive plan unless we get our fundamentals right. Moreover, taxpayers will be saddled with increasingly worthless paper as many of the underlying mortgages fail. The Paulson plan demonstrates a disturbing disconnect between the ?mortgage-related assets? that taxpayers? $700 billion is being used to purchase and the necessary restructuring of the troubled mortgages themselves. Many hard-working Americans are having trouble paying on their mortgages, which in turn is driving down the value of their neighbors? homes across the country. Tens of millions of families have seen their home values plunge through no fault of their own. Nearly 1 in 10 American households?roughly 5 million?have a mortgage that is either in default or facing foreclosure. These are the families still struggling to pay their mortgage even after the earliest subprime borrowers have already lost their homes. Without provisions expressly aimed at helping these borrowers restructure their mortgages with the assistance of the federal government or through judicial modification, this grand plan to buy "toxic" assets from the financial institutions that engineered this market meltdown will not help the U.S. housing market rec<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/fed">fed</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/lehman">lehman</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/merrill">merrill</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progressive">progressive</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/street">street</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Mon, 22 Sep 2008 18:22:02 GMT http://www.viddler.com/explore/seeprogress/videos/83/ american bank credit debt economy fed lehman merrill money mortgage progress progressive street subprime wall seeprogress Resucing the Economy - Neither Fair Nor Effective http://www.viddler.com/explore/seeprogress/videos/75/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/75/" title="Credit Card Debt: Danger in Your Wallet - ASK THE EXPERT" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_657dc98d.jpg" width="114" height="86" alt="Credit Card Debt: Danger in Your Wallet - ASK THE EXPERT" border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/09/avoiding_overdrafts.html">http://www.americanprogress.org/issues/2008/09/avoiding_overdrafts.html</a> Has the economic downturn affected Americans' credit card use? Is credit card debt more harmful than other types of debt? Can we protect consumers from falling too deeply into credit card debt?<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/amex">amex</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bank">bank</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/card">card</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/charge">charge</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/consumer">consumer</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/dollar">dollar</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/interest">interest</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/loan">loan</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mastercard">mastercard</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/visa">visa</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/westrich">westrich</a></p> Fri, 05 Sep 2008 14:21:01 GMT http://www.viddler.com/explore/seeprogress/videos/75/ american amex bank card charge consumer credit debt dollar finance interest loan mastercard money mortgage progress visa westrich seeprogress Credit Card Debt: Danger in Your Wallet - ASK THE EXPERT http://www.viddler.com/explore/seeprogress/videos/40/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/40/" title="Is the Housing Crisis Over? ASK THE EXPERT " ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_3f0f26c2.jpg" width="114" height="86" alt="Is the Housing Crisis Over? ASK THE EXPERT " border="0" /></a></p> <a href="http://www.americanprogress.org/issues/2008/05/helping_homeowners.html">http://www.americanprogress.org/issues/2008/05/helping_homeowners.html</a> Andrew Jakabovics of the Center for American Progress sits down with our cameras for this latest installment in CAP's ASK THE EXPERT SERIES to answer these questions: Is the housing crisis over? What does the congressional legislation do and will it help? And what's left to be done?<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/american">american</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/cap">cap</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/estate">estate</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/house">house</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/jakabovics">jakabovics</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progress">progress</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/real">real</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/realtor">realtor</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a></p> Thu, 29 May 2008 05:24:05 GMT http://www.viddler.com/explore/seeprogress/videos/40/ american cap credit debt estate finance house jakabovics money mortgage progress real realtor subprime seeprogress Is the Housing Crisis Over? ASK THE EXPERT http://www.viddler.com/explore/seeprogress/videos/6/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/6/" title="Real Estate Woes: The Housing Crisis" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_a651270d.jpg" width="114" height="86" alt="Real Estate Woes: The Housing Crisis" border="0" /></a></p> With each passing release of housing-related data, the picture becomes bleaker for the estimated 1.8 million homeowners with subprime mortgages whose interest rates have reset this year or are due to reset before the end of next year. Many of these borrowers and their families hold the 22 percent of adjustable rate subprime loans currently delinquent or the 3.84 percent of subprime loans that entered foreclosure in the second quarter of this year. For those still current on their loans, they can look forward to increases in monthly payments averaging 30 percent to 50 percent when their rates reset. There have been a number of proposals offered to help these and other troubled borrowers, but the range of solutions suggested to date still leaves a significant number of families without any solution to their problems. For more of CAP's work on the current housing crisis please visit THE CENTER FOR AMERICAN PROGRESS www.AMERICANPROGRESS.org<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bear">bear</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bernanke">bernanke</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/estate">estate</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/fed">fed</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/house">house</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/housing">housing</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/real">real</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/stearns">stearns</a></p> Tue, 25 Mar 2008 15:20:15 GMT http://www.viddler.com/explore/seeprogress/videos/6/ bear bernanke bush credit debt estate fed finance house housing mortgage real stearns seeprogress Real Estate Woes: The Housing Crisis http://www.viddler.com/explore/seeprogress/videos/4/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/4/" title="The R Word - What do YOU think about the US Economy? " ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_d328f1a6.jpg" width="114" height="86" alt="The R Word - What do YOU think about the US Economy? " border="0" /></a></p> American families are feeling the pressure of a tightening economy from all sides. They are burdened with massive amounts of debt that have become harder to handle due to accelerated house price drops and the stagflationary nature of the downturn. Jobs are going away, wages are flat, and benefits are disappearing, while prices are skyrocketing everywhere. Just like a balloon squeezed from all sides, family finances are increasingly being burst. And the overall economic outlook doesn't help. Massive trade deficits pose a drain on our national resources, slowing innovation means that we are generating less of what we need, and long-term budget deficits due to tax cuts for the rich are preventing the government from addressing the economic needs of America's families. THE CENTER FOR AMERICAN PROGRESS www.americanprogress.org<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/bernanke">bernanke</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/budget">budget</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/bush">bush</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/credit">credit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/fed">fed</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/foreclosure">foreclosure</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/recession">recession</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/wall">wall</a></p> Tue, 25 Mar 2008 15:20:03 GMT http://www.viddler.com/explore/seeprogress/videos/4/ bernanke budget bush credit debt economy fed finance foreclosure mortgage recession subprime wall seeprogress The R Word - What do YOU think about the US Economy? http://www.viddler.com/explore/seeprogress/videos/2/ <p><a href="http://www.viddler.com/explore/seeprogress/videos/2/" title="How Low Can You Go? The Housing Crisis Gets Worse" ><img src="http://cdn-thumbs.viddler.com/thumbnail_1_bcb4987c.jpg" width="114" height="86" alt="How Low Can You Go? The Housing Crisis Gets Worse" border="0" /></a></p> Who is being affected by the housing crisis? What are the broader economic consequences of the housing crisis? What should we do to stabilize the housing market?<p> By <a href="http://www.viddler.com/explore/seeprogress/" >seeprogress</a></p> <p> Tags : <a href="http://www.viddler.com/explore/seeprogress/tags/crediit">crediit</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/debt">debt</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/economy">economy</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/estate">estate</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/finance">finance</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/foreclosure">foreclosure</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/house">house</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/jakabovics">jakabovics</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/money">money</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/mortgage">mortgage</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/progressive">progressive</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/real">real</a>, <a href="http://www.viddler.com/explore/seeprogress/tags/subprime">subprime</a></p> Tue, 25 Mar 2008 15:18:15 GMT http://www.viddler.com/explore/seeprogress/videos/2/ crediit debt economy estate finance foreclosure house jakabovics money mortgage progressive real subprime seeprogress How Low Can You Go? The Housing Crisis Gets Worse