Frontline Inside The Meltdown Part 5 of 6

[radiofiendify]

Why the hell do people have to start spouting off anti semitic rhetoric in the comments below? Haven't people grown up yet since WWII? Individuals of every race or creed had a part to play in this meltdown, and scapegoating an ethnic group doesn't solve anything - it just fucks over a country more. Germany and mainland Europe at the end of 1945, perfect example.

[tonytonytee]

. they did all of this on purpose and they raped the taxpayers of this country.. we are so screwed. notice aig changed their name to 21st century and are still sticking people in the ass. they know people like barney frank and bernake will not let them fail .. we are so fucked.

[josedro]

Ladies and Gentlemen , Jews did it again! Through out the history. They are programmed get a nation Wealth, send it to Israel. salve its people, just for being expelled again. Since 250 BC till today over 50 times from different countries

[jvemPiRe14]

@josedro its da illuminati dumboooooo

[bruinjoe]

End the Fed. Get back to a gold standard. I wish the Fed would purchase toxic assets from me.

[bruinjoe]

End the Fed. Get back to a gold standard.

[ustfu]

It's time to end the Fed.

[therrydicule]

@ustfu It's not the fed that we should end... I mean, you could look at some reconstruction of the CPI index to real GDP - people were maybe richer during the end of the 19 century in USA, but prices where instable. Part of a solution would be more to have the executive and the fed more accountable to the senate&congress via auditor and check&balance, the bank more accountable to the judiciary, and everyone more accountable toward the voter via a better news system.

[safwan321]

Every single one of these firms believe in hard core capitalism of survival of the fittest and no regulation from government. Son when Bear Streans failed according to capitalism we should just let it go. Yet these firms who don't want any government intervention during good times come crying to the US treasury for money during bad times. Perfect example of hypocrisy.

[10243406]

@safwan321 shuttup.

[solidarity2205]

Isn't it funny where our economy is judged by the numbers that are higher or lower in the stock market.

[wisdom78850]

God is coming to pay us a visit! Yea

[TheAMERICANTYRANNY]

Go see my Video, about Banksters and what JP MORGAN CHASE is doing to Military members - the link is below my Video - they been raping service members on their mortages and lying about it - see the link below my videos !

[comadivine1]

I dont understand why this documentary strives to show Paulson and Bernanke as clever and resilient guys... :) they clearly are the biggest dorks in the meltdown crisis

[comadivine1]

I dont understand why this documentary strives to show Paulson and Bernanke as clever and resilient guys... :) they clearly are the biggest dorks in the meltdown crisis

[tech666support]

800 billion dollars  snakes

[kagoshimadavid]

this is why you can NEVER let academics run anything ! 

[shaithis45]

@everyone, I shut down my IRA with Morgan Stanley they day they charged my a service fee for not putting any money into the account. That was years ago. I had $800 in a retirement account and when I rolled that money over into a fund, I just saw that money lose a lot in value. Then Morgan Stanley threatened the service fee and I closed out the account with about $300+ dollars. Pretty fucked up. I don't trust the markets.

[Gebbs57]

For those of you who were so staunchly opposed to the bailoutif the government did not bailout/save AIG, what do you think would have happened?

[lilbromarky1]

@Gebbs57 We'd be on the upswing by now

[Gebbs57]

Lilbromarky - upswing by now. How? AIG and others failing would have been devastating and we all saw what the failure of Lehman Brothers did, it froze the credit markets, so letting others like it fail would have resulted in a recovery? How do you figure?

[lilbromarky1]

they pick and choose who stays...that's gross. Secondly, no firm learns a lesson when it gets bailed. It sounds like you're not seeing the forrest for the trees just yet. Read the Rolling Stone Magazine article about goldmach sachs and see if you want to retract your reply.

[Gebbs57]

Lilbromarky - The relief is because of the government did. How do you think the "relief" happened? You are coming across conservative so what do you think the govt should have done in that situation, let the banks learn their lesson and fail? What do you think would have happened to our economy and other nation's economies that depend on ours?

[lilbromarky1]

People would have lost their asses and learned a lesson not to invest in banks without researching them first. Stock market would have gone even lower. The problem with the bailout is that we've set the stage for another bank collapse and another bailout. Its like buying a teenager a new car after he wrecked his first one driving around drunk partying with his friends. You should cut the kid off and let him feel the loss.

[lilbromarky1]

Also, besides the stock market crashing and some out of business sales on wall street, nothing bad happened to regular people. I still bought gasoline on a credit card. I still went to my bank and withdrew funds from savings. What was the danger to people like me? Some banks tank on wall street...honestly it would do us all a favor.

[lilbromarky1]

It sounds like you took a hit on your 401K and you're relieved to see it making a comeback. I'd have my finger on the sell button in 2010 because its coming again. My father lost 45% on his savings...I hope it does not happen again

[shaithis45]

@libromarky1 in regards to your 401K comment. Way ahead of you. Never bothered investing and like you I've just kept right on working and meeting my living expenses and enjoying myself. Don't have much but nothing to lose. Sorry to hear about your father's loss though in the market. Sounds like it is not over yet and too much to get into.

[shaithis45]

@Gebbs57, in regards to what happened there were still people like me working at various temp agencies. Money was still flowing during all of this even in certain towns where the unemployment seemed pretty grim. I got a lot of false indicators from some agencies that never saw it this slow. Heck some even shut down but I kept finding good strings of work throughout all of that and survived. Looks like some employment agencies weren't stupid either and could guarantee paychecks to their workers.

[Jossher700]

@Gebbs57 Yup, the bankers got all the taxpayers money without any possibility of payment.

[hugolp]

They make it look like if oposition was only republican, when I remember all America was against it. There was people in the congress door, in Wall street. Its unveliable. They think we are stupid and we are going to believe this.

[lilbromarky1]

@hugolp I agree...this video is heavily spun

[whitelacestrange]

none of this would have happened if their was never a Fannie and Freddie giving out the sub-prime loans that spread like cancer through the housing market and wallstreet. Fannie and freddie were the seeds to this entire crisis.

[john777316]

Would you like some more evidence that comes straight from Pauson's Treasury that shows you that fannie and freddie only faltered after they were forced to refi Wall Streets Subprime loans. The GSEs had nothing to do with Wall Streets Risky gambling.

[namechallenged]

Paulson - when circumstances change, you have to be able change with them...

Conservative/Republican - when circumstances change, hunker down, hold true to principals and bury you head deeper into the sand.