Welcome to MORTGAGE MELTDOWN: THE MUSICAL!
Just say okay, 'cause it's rated TRIPLE-A.
What's It About?
Five households in one bank's vicinity—We'll call them Households A, B, C, D, E—
Are pushed into traps set six years before
Scene One opens: March fourth, 2004.
Watch banks base loans on neighborhood and race,
Buy ratings for pools of loans (“Triple-A's”),
Forge signatures, drop their lending standards,
File fake documents in public records.
Which homeowners are not evicted yet?
Will Bankers find out how rich they can get?
YES! I want MortMelt Updates!
Why?
Homeowners were traumatized by the last foreclosure crisis... and now we face another mortgage meltdown! You have heard some parts of the story, something about government deregulation of the banks, high-stakes investments, derivatives based on securitized loans, the 2008 financial collapse, and the need for a massive bailout of banks. But most people cannot explain how those problems connect to fraudulent foreclosures and widespread evictions. We don't want THAT history to repeat itself! Wouldn't it be nice to have a clear understanding of what the [bleep!] happened, presented in a good old-fashioned musical that leaves you humming catchy tunes?
First Song: Dedication to Brooksley Born
Song Samples
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Loan for a Home, part A
(opening song, 2004: Officer Redline, Mrs. C, Mr C) -
Loan for a Home, part B
(opening song, 2004: Officer Redline) -
Bankers' Blues
(“I Want” song for Bankers) -
Magic Invisible Money
(Bankers) -
Fix 'er Up
(Mr Builder and his wife, 2008) -
FAX!
(Bank Employees to Homeowners) -
Family Of Two
(Demo)
You Can Help!
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Show this to teachers (Economics, Finance, History, Performing Arts), legislative staff, and friends who spent 2004-2013 dealing with banks, home loans, real estate investments, or foreclosures. Would they like to explain the mortgage meltdown to a high school student or adult voter today? Funded by donations (not financial institutions), MORTGAGE MELTDOWN: THE MUSICAL is in development for stage and internet. Preview some songs and scenes, with educational resources in the descriptions below some videos.
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Search YouTube for "MortMelt" or "Mortgage Meltdown: The Musical" but only subscribe to the YouTube channel AFTER you watch some videos. This tells the YouTube software that you are a real human enjoying these videos.
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Send a Contact message to volunteer or donate resources for video production, song recording, publicity, fundraising, staging, etc. Watch for a reply with MMTM or MortMelt in the subject line.
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To make a donation that avoids the 3% processing fee, send email using the Volunteer form.Donate Any Amount! When you donate, you can name yourself or someone else to be honored on a video caption.