You Must See This Documentary
by John Alesi, Mission Viejo REALTOR®
Mission Viejo CA Real Estate
CNBC's documentary, House Of Cards, with interviewer David Farber, is a compelling reveal of the events that caused the mortgage meltdown which has reverberated around the world. The culprit, CDOs, Collateralized Debt Obligations, which were basically a bunch of bad loans packaged together and given a rating of AAA and then sold on the world market. So complicated were these CDOs that even Alan Greenspan could not understand them purchasers had no idea what they were buying but continued to purchase with reckless abandon. interestingly, Wall Street packagers remain smug and refuse to shoulder the blame for these defective vehicles.
Don't miss this chilling insight! Check local listings for CNBC or click here to visit the House of Cards website.
If you are considering a real estate transaction (buying,selling, relocating, investing), you can count on me as the local expert serving Rancho Santa Margarita, Ladera Ranch, Coto De Caza, Mission Viejo, Aliso Viejo, Dana Point, Irvine, Laguna Beach, Laguna Niguel, Laguna Hills, Laguna Woods, Lake Forest and San Juan Capistrano, as well as all of South Orange County.
John Alesi - REALTOR®
CENTURY 21 Superstars
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