Mark to Market for Dummies and What it has Done to Us (What Started this Whole Mess?)

By
Real Estate Agent with Realty World Alliance

I was shown this video at our weekly sells meeting and thought I would share it with you.

It breaks down the primary reason for the melt down in language every one can understand.

It is a little long but well worth your time.

http://www.mortgagesuccesssource.com/go/markmarket/

I would appreciate hearing your thought and opinions.

 

Comments (8)

Steve Warrene
Your Town Realty - Lower Burrell, PA
Pittsburgh Real Estate Investment Specialists

Denise,

I agree with what he had to say.  I really thing that the accounts and CEO's should go to jail for their participations involving this mess.  That is a real good video

Jan 19, 2009 08:02 AM
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Denise,

Thanks for bringing Barry Habib to us.  The explanation is down-to-earth.

Mike in Tucson

Jan 21, 2009 11:26 PM
Denise Gray
Realty World Alliance - Wichita, KS
Realtor SRES, Wichita Kansas Homes

Steve and Mike thanks for your comments. I had the same thoughts. As my son would say please just break it down Barney Style your big words give me a headache.

Jan 22, 2009 01:30 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Denise,

This was a stunning video. I finally start understanding something, whihc might be the basics for some, but were absolutely not clear to me.

I think that this would be a must for those thinking about banks as greedy and stupid. For those who simplify things so that they can bark louder.

Thanks

Jan 22, 2009 03:33 PM
Denise Gray
Realty World Alliance - Wichita, KS
Realtor SRES, Wichita Kansas Homes

Jon that's what amazed me. He took something the media has twisted into a riddle, wrapped in a mystery, inside an enigma.

Jan 22, 2009 03:45 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Denise,

You found a quite poetical way to describe it. I do not know why, but we often do not give people credit, and paint everyone the same color. If we are talking about the banks, they are all greedy and bastards, politicians and all corrupt and so on.

What, are we the only honest people on the face of the earth?

Jan 22, 2009 04:42 PM
Dawn Isenhower
Sibcy Cline Realtors - Milford, OH

I appreciate the video, Denise. It is terrible what has happened to our lending institutions as a result of Sarbanes-Oxley. People must be careful to check that a cure will not do more harm than good.

Jan 29, 2009 04:38 AM
Denise Gray
Realty World Alliance - Wichita, KS
Realtor SRES, Wichita Kansas Homes

Jon and Dawn, your both right. They do tend to over correct.

Jan 29, 2009 08:24 AM