# Subprime Mortgages on The No Agenda Show Subprime Mortgages comes up in 10 chapters across 10 episodes of The No Agenda Show, from November 2007 to May 2017. - **Chapters:** 10 - **Episodes:** 10 - **Discussed:** November 2007 – May 2017 - **Related topics:** [Dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [2008 Financial Crisis](https://search.noagendashow.net/topic/2008-financial-crisis.md), [Accounting](https://search.noagendashow.net/topic/accounting.md), [Alan Greenspan](https://search.noagendashow.net/topic/alan-greenspan.md), [Bill Clinton](https://search.noagendashow.net/topic/bill-clinton.md), [Bloomberg](https://search.noagendashow.net/topic/bloomberg.md), [C-span](https://search.noagendashow.net/topic/c-span.md), [Citibank](https://search.noagendashow.net/topic/citibank.md), [Credit Ratings](https://search.noagendashow.net/topic/credit-ratings.md), [Department Of Justice](https://search.noagendashow.net/topic/department-of-justice.md) ## Chapters 1–10 of 10 ### Maxine Waters 2008 Crisis, Congressional Bill Reading - **Episode:** [933: Learn Russian!](https://search.noagendashow.net/episode/933-learn-russian.md) - **Published:** 2017-05-28 - **Time:** 1:42:13–1:46:38 - **Transcript:** https://search.noagendashow.net/episode/933-learn-russian/chapter/maxine-waters-2008-crisis-congressional-bill-reading.md Archival footage of Representative Maxine Waters from 2008 shows her admitting that members of Congress do not read the entirety of the massive bills they vote on, such as the $800 billion bailout package. Waters argued that lawmakers rely on staff summaries to understand the "most important aspects" of legislation, comparing it to how citizens read newspapers. Keywords: [maxine waters](https://search.noagendashow.net/topic/maxine-waters.md), [nancy pelosi](https://search.noagendashow.net/topic/nancy-pelosi.md), [2008 financial crisis](https://search.noagendashow.net/topic/2008-financial-crisis.md), [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), congressional staff ### Elizabeth Warren on Derivatives, Dodd-Frank Rant - **Episode:** [821: Manterruptors](https://search.noagendashow.net/episode/821-manterruptors.md) - **Published:** 2016-05-01 - **Time:** 2:47:50–2:51:42 - **Transcript:** https://search.noagendashow.net/episode/821-manterruptors/chapter/elizabeth-warren-on-derivatives-dodd-frank-rant.md Senator Elizabeth Warren delivers a speech to an empty Senate chamber regarding the dangers of $10 trillion in federally insured derivatives held by three major banks. She compares subprime mortgages to "hand grenades" and derivatives to "giant bombs" that threaten the economy. The hosts mock her dramatic delivery and the "empty room" tactics originally popularized by Newt Gingrich. Keywords: [elizabeth warren](https://search.noagendashow.net/topic/elizabeth-warren.md), [dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md), [derivatives](https://search.noagendashow.net/topic/derivatives.md), [jp morgan](https://search.noagendashow.net/topic/jp-morgan.md), [citibank](https://search.noagendashow.net/topic/citibank.md), [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md) ### Financial Crisis Inquiry Commission, Subprime Mortgage Data - **Episode:** [492: Pet Food Stamps](https://search.noagendashow.net/episode/492-pet-food-stamps.md) - **Published:** 2013-03-03 - **Time:** 1:32:34–1:37:47 - **Transcript:** https://search.noagendashow.net/episode/492-pet-food-stamps/chapter/financial-crisis-inquiry-commission-subprime-mortgage-data.md Testimony from the Financial Crisis Inquiry Commission (FCIC) reveals that there were 28 million low-quality mortgages in the system by 2008. The hosts discuss how the media ignored this data, focusing instead on derivatives. They attribute the housing bubble to government meddling via the Community Reinvestment Act and the repeal of Glass-Steagall. Keywords: fcic, [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), community reinvestment act, [bill clinton](https://search.noagendashow.net/topic/bill-clinton.md), [dodd-frank](https://search.noagendashow.net/topic/dodd-frank.md) ### S&P Incompetence Lawsuit, Subprime Mortgages, and Banker Immunity - **Episode:** [485: Goys with Guns](https://search.noagendashow.net/episode/485-goys-with-guns.md) - **Published:** 2013-02-07 - **Time:** 2:43:16–2:47:12 - **Transcript:** https://search.noagendashow.net/episode/485-goys-with-guns/chapter/s-p-incompetence-lawsuit-subprime-mortgages-and-banker-immunity.md The U.S. government is suing Standard & Poor's for $5 billion, alleging the agency knowingly gave high ratings to risky subprime mortgage packages. The hosts argue that S&P is being used as a scapegoat while the bankers who created the toxic financial instruments face no criminal charges. Personal losses from the 2008 housing collapse are cited during the critique. Keywords: s&p, [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), cdos, [department of justice](https://search.noagendashow.net/topic/department-of-justice.md), [eric holder](https://search.noagendashow.net/topic/eric-holder.md) ### FBI Mortgage Fraud Crackdown, Publicity Stunts - **Episode:** [208: Fat China](https://search.noagendashow.net/episode/208-fat-china.md) - **Published:** 2010-06-13 - **Time:** 38:56–43:26 - **Transcript:** https://search.noagendashow.net/episode/208-fat-china/chapter/fbi-mortgage-fraud-crackdown-publicity-stunts.md The Financial Times reports that the FBI is preparing to arrest hundreds of people for falsifying income on mortgage applications. The hosts dismiss the news as a publicity stunt intended to frighten the public rather than address systemic banking issues. They argue that banks were complicit in the subprime crisis by ignoring documentation requirements. Keywords: [fbi](https://search.noagendashow.net/topic/fbi.md), [mortgage fraud](https://search.noagendashow.net/topic/mortgage-fraud.md), [financial times](https://search.noagendashow.net/topic/financial-times.md), [foreclosure](https://search.noagendashow.net/topic/foreclosure.md), subprime loans ### Homeowner Affordability and Stability Plan, Mortgage Refinancing - **Episode:** [73: Save or Create](https://search.noagendashow.net/episode/73-save-or-create.md) - **Published:** 2009-02-19 - **Time:** 16:39–20:27 - **Transcript:** https://search.noagendashow.net/episode/73-save-or-create/chapter/homeowner-affordability-and-stability-plan-mortgage-refinancing.md The $75 billion homeowner bailout plan announced in Denver is analyzed for its impact on monthly payments versus total debt. The plan is described as a refinancing scheme that lowers monthly interest rates but extends loan terms, potentially increasing the total amount paid by homeowners. The benefits are argued to favor bankers over the general public. Keywords: [fannie mae](https://search.noagendashow.net/topic/fannie-mae.md), [freddie mac](https://search.noagendashow.net/topic/freddie-mac.md), [mortgage](https://search.noagendashow.net/topic/mortgage.md), [refinancing](https://search.noagendashow.net/topic/refinancing.md), [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), [department of the treasury](https://search.noagendashow.net/topic/department-of-the-treasury.md) ### C-SPAN Financial Crisis Hearing, Subprime Mortgage Donations - **Episode:** [53: Gay Marriage](https://search.noagendashow.net/episode/53-gay-marriage.md) - **Published:** 2008-10-25 - **Time:** 22:05–24:09 - **Transcript:** https://search.noagendashow.net/episode/53-gay-marriage/chapter/c-span-financial-crisis-hearing-subprime-mortgage-donations.md During a C-SPAN investigative committee hearing on the financial crisis, Representative Tom Davis questioned Alan Greenspan, Christopher Cox, and John Snow regarding campaign contributions. The hearing revealed that Barack Obama received the most donations from subprime mortgage lenders and Wall Street firms over the last 20 years. Curry expresses disappointment that the American public does not see the connection between these donations and the current economic turmoil. Keywords: [c-span](https://search.noagendashow.net/topic/c-span.md), [alan greenspan](https://search.noagendashow.net/topic/alan-greenspan.md), christopher cox, john snow, [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), [wall street](https://search.noagendashow.net/topic/wall-street.md) ### Real Estate Market Collapse, California Housing and UK Realtors - **Episode:** [41: Planes Trains and Lyndon LaRouche](https://search.noagendashow.net/episode/41-planes-trains-and-lyndon-larouche.md) - **Published:** 2008-08-03 - **Time:** 22:54–26:13 - **Transcript:** https://search.noagendashow.net/episode/41-planes-trains-and-lyndon-larouche/chapter/real-estate-market-collapse-california-housing-and-uk-realtors.md The discussion focuses on the collapse of the housing market, noting that prime mortgages are now seeing defaults alongside subprime loans. In California, housing starts have halted despite demographic shifts. Curry shares an anecdote from the UK where realtors are aggressively cutting asking prices by 25% before potential buyers even view a property. Keywords: [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), california real estate, housing starts, [interest rates](https://search.noagendashow.net/topic/interest-rates.md), [united kingdom](https://search.noagendashow.net/topic/united-kingdom.md) ### Moody's Ratings Scandal and Software Coding Errors - **Episode:** [32: Benefits Supervisor Sleeping](https://search.noagendashow.net/episode/32-benefits-supervisor-sleeping.md) - **Published:** 2008-05-24 - **Time:** 26:03–28:48 - **Transcript:** https://search.noagendashow.net/episode/32-benefits-supervisor-sleeping/chapter/moody-s-ratings-scandal-and-software-coding-errors.md Moody's Investors Service attributed the misrating of complex debt vehicles (CDOs) during the subprime mortgage crisis to a software coding error. The agency reportedly knew about the glitch, which inflated ratings to AAA status, for a full year before the information was made public. Keywords: [moody's](https://search.noagendashow.net/topic/moody-s.md), [credit ratings](https://search.noagendashow.net/topic/credit-ratings.md), cdos, [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), [financial crisis](https://search.noagendashow.net/topic/financial-crisis.md) ### General Motors $28 Billion Loss, Subprime Financing Crisis - **Episode:** [3: No Agenda 003](https://search.noagendashow.net/episode/3-no-agenda-003.md) - **Published:** 2007-11-09 - **Time:** 8:27–10:07 - **Transcript:** https://search.noagendashow.net/episode/3-no-agenda-003/chapter/general-motors-28-billion-loss-subprime-financing-crisis.md General Motors reported a massive $28 billion quarterly loss, prompting questions about the company's financial structure. The loss is attributed to complex financing problems and potential exposure to the subprime mortgage crisis rather than just automotive manufacturing. Analysis suggests that modern car companies operate primarily as financing entities, making their balance sheets difficult for the general public to interpret without specialized reporting. Keywords: [general motors](https://search.noagendashow.net/topic/general-motors.md), [gm](https://search.noagendashow.net/topic/gm.md), [subprime mortgages](https://search.noagendashow.net/topic/subprime-mortgages.md), financing, [bloomberg](https://search.noagendashow.net/topic/bloomberg.md), [accounting](https://search.noagendashow.net/topic/accounting.md) --- This is the markdown version of a page on The No Agenda Show for AI agents. Every public page on this site has one: add `.md` to its URL, or request it with `Accept: text/markdown`. - [Site index for agents (llms.txt)](https://search.noagendashow.net/llms.txt) - [Home](https://search.noagendashow.net/index.md) - [Search transcripts](https://search.noagendashow.net/search.md) - [All episodes](https://search.noagendashow.net/episodes.md) - [Topics](https://search.noagendashow.net/topics.md) - [People](https://search.noagendashow.net/people.md)