John Vogel consequences

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Mortgage Mess Means Headache for Online Media.....and Disaster for Millions of Homeowners Richard Waters in the FT writes about the looming impact of the mortgage crisis on online advertising. It's not a pretty picture for online publishers who rely on mortgage companies for a good chunk of their revenue. Well, it's really bad for homeowners who can't afford their mortgage and are going to forced to move. John H. Vogel Jr is a professor at the Tuck School of Business at Dartmouth and an expert in real estate. He has been forecasting a burst in the real estate market for some time. He expects some 2 million foreclosures in the months ahead. He explains the causes, implications and lessons to be learned. Not a pretty picture, but it's happening. -- Andy Plesser Editor's Note: In the months ahead, we will expand our coverage of the online video business to include business and economic trends that effect our industry and ourselves. The Tuck School is a client of Plesser Holland. We look forward to interviewing other academics. We hope you find this expanded editorial scope valuable. AP Posted on Tuesday, August 28, 2007

Channel: People & Blogs
Uploaded: August 28, 2007 at 9:36 am
Author: BeetTV

Length: 0:02:19
Rating: 4.50
Views: 1,666

Tags: subprime credit crunch tuck

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Video Comments:
castanol (Wednesday 17th of September 2008 01:50:56 PM)
What is not mentioned is that this situation was planned all along by the big wigs in the Fed and their buddies.
lennyfest (Saturday 15th of September 2007 07:09:30 AM)
thats a smart man speaking ,,
jo1liet (Friday 7th of September 2007 08:50:15 AM)
right on John! 31 yrs as a lender, the last 12 being told I wasn't "easy to work with" and this is what we get..GREED Wall Street to Main Street!