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Nov 2006 Peter Schiff Mortgage Bankers Speech Part 5 of 8

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In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate/mortgage debacle before anyone else even realized it was coming.

Channel: News & Politics
Uploaded: July 22, 2008 at 12:05 pm
Author: EPAdmin

Length: 09:56
Rating: 4.98
Views: 15632

Tags: analysis  commentary  economy  mortgage  Peter  Schiff  

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Video Comments

86kinky86 (October 6, 2008 at 11:04 pm)
I want this guy to teach me everything he knows.
cinderskenney (September 24, 2008 at 6:34 pm)
people should END THE FED!
jediimplse66 (September 16, 2008 at 6:50 am)
People ought to listen to this guy. He knows his shit.
phil0sopher (August 28, 2008 at 10:55 am)
too bloddy right. when banks ceo are raking in millions in bonuses for making hefty losses, why shouldn't this guy be handsomely rewarded.
vicmac64 (August 28, 2008 at 12:19 am)
This is the foremost economist in the world today - disregard what he says to you peril... There is NO GREATER LIVING ECONOMIST..... full stop
RGT88 (August 18, 2008 at 3:31 am)
My tenure in mortgage industry was since September of 2002 until February of 2007. As an early 20's punk, I made a ton of money. Anyways, it was in end of 2005 when I began to see threatening cracks within our wholesale subprime lending unit. On 02/01/07 it was over. Problem was, and still remains, is it's still too easy to obtain a mortgage. Even if the applicant is aiming for a fixed loan, the DTI in some cases, is still ridiculously high. They are still trying to inflate a ruptured balloon!
Oztrigger4 (August 2, 2008 at 5:21 am)
Damn, this guy is good! 100% called it!
cybersphere (July 31, 2008 at 11:50 am)
Next bubble? America will be bankrupt first.
cybersphere (July 31, 2008 at 11:43 am)
He totally nailed it, not because he made a deal with the devil, but because he has a solid understanding of real economics.
1samothrace77 (July 30, 2008 at 1:46 am)
alt A loans are next

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