Commentary on Initial Youtube Video

Almost 40,000 hits and many comments...here are my thoughts on some of them:

1) Option ARMs: Yes, they were created for the rich who had enough in the bank to beat interest. Then, standards got more lax.
2) Politics: Obama is against mindset of increased quarterly profits on Wall St. which contributed to lax standards for higher revenue (Option ARM). McCain is about moral and responsible borrowing. Both are good. We need to read more.
3) Rich get richer - there is a metric called the "Gini Coefficient." Google it :) It lists by country
4) Home appreciation - we have so many other examples in history. A look at Japan's housing decline in the 1990s would provide some insight
5) Inflation - I always thought that the inevitable way to repay these ubiquitous loans were through massive inflation and devaluation of the dollar (i.e. bailouts)
6) Common Sense: Mortgage salespersons had less regulation/education/licenses (or none in practice) than your personal stock broker. Why would you trust that person with the largest investment of your life - a magnitude 10 to 1000 times greater than a mutual fund investment. And the mutual fund managers trusted them :)
7) Simple Math: U.S. students lag behind other countries' students in math, science, and technology. Make math a priority & fun. Invest in math education.

Update: Sorry for Not Posting

I realized that I now have over 20,000 hits on youtube, so...
If anyone needs to contact me or would like to chat about mortgages: keepitsimplemath@gmail.com
I check about every week or so now, busy getting a PhD -

Well, it looks like all our worst fears regarding mortgages are starting to come true. Sad.
Google "The subprime primer" - pretty funny slideshow. Talks about the homeowner-broker-hedgefund-international investor point of view in a comedic fashion.

Here is one thing I am looking for: Does anyone know what countries own our mortgage back securities in terms of type, $$$, etc. ? Any good sources?