Fannie Mae Rescue: Bernanke. Paulson, Cox, Banking, Bush, Rogers

[jmack619]

wow good work ! Parish for president ! ok ok I go with treasury secretary also.I agree with almost everything you are saying.joe public tries to buy a house (which is something we can see and touch,I like that, buffett sells little scraps of paper(insurance) usually on pink and green triplicate forms that do little for the economy and a lot for his investment croonies.I say they caused the meltdown,and they should be forced to fix it.Buffett sadly is apparently no hero.send resume to Obama

[OgeronimonominoregO]

No. The "core issue" is the fraudulent banking system. This ponzi scheme of creating money out of nothing and then loaning it at interest and then creating even more loans and so-called investments down the line is fundamentally unjust. It's a racket.

The only people that can "guarantee" anything are the buyers of houses. Any loan is backed by the house. Any investor puts their money at risk if they invest in debt.

[nhojsenoj]

Putting the taxpayers on the hook to bail out real estate investors is morally wrong.

Reinflating the real estate bubble will bring us the same problems down the road, except bigger.

We don't need more regulations. We don't need more government intervention.

We need to let those entities who imprudently loaned and invested, go bankrupt.

[WorkHardND]

So the investment bankers will live off the monsterous fees they generated through riskless transactions for which such investment bankers did not contribute any real skin. We have no idea how greatly the PEs and IBs have weakened the dollar. I can almost guarantee it pails in comparision to the losses on real estate loans. Just look at the top five hedge fund managers. They have no skin in the game. If a HF collapses - oh well - the involved parties have already extracted the profit.

[JrGammel]

I disagree that we need more regulation of financial institutions. All we need is the allowance that they can fail. The only regulation needed is regulation of the Fed.

[eatandtravel]

Grammel,

You don't the government needs to regulate credit default swaps? It's about to blow in our face.

[2vintage68]

Bill,

BRILLIANT!

I would nominate you for next Treasury secretary but you don't meet the defacto standard...Wall Street Invesment Bank Insider.

How refreshing to stumble upon your video. I hope to see more as this hilarious collapse of the American financial system continues to unfold. Got popcorn?

Ben Bernanke