Wall St. Unspun with Peter Schiff, Wednesday 8pm EST

Schiff is fired up!!! Starting to curse..hahah

Says Fed is scared shitless by ARM resets...says people have wasted their savings on buying worthless shit!!:p
 
Schiff is fired up!!! Starting to curse..hahah

Says Fed is scared shitless by ARM resets...says people have wasted their savings on buying worthless shit!!:p

I was just getting ready to post the same quote "The Fed is scared shitless!!!". I got a huge laugh outta that one.
 
Schiff is great...but the tech people who run his broadcast must be morons. Every show he's always yelling at them, and that he has no clue what's going on with the broadcast. " I am I on the air?, Who's calling me?, Where are all the callers?" Kinda funny. :p
 
Last edited:
Schiff is great...but the tech people who run his broadcast must me morons. Every show he's always yelling at them, and that he has no clue what's going on with the broadcast. " I am I on the air?, Who's calling me?, Where are all the callers?" Kinda funny. :p

DIY isn't pretty sometimes??? ;)
 
What exactly are alt-A's? I didn't hear him mention them but how to they work?
 
Damn, I missed it. It always takes them like 2 days to get the podcast up too.
Does anyone know if it is posted anywhere else after the show?
 
An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category. Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans.

Many of these are adjustable rate mortgages. The issue is... many of these loans are scheduled to have their interest rate adjust upward to much higher rates in the coming months/years just as home values are plummeting...which will inevitably lead to another wave for foreclosures.
 
Back
Top