same old story,they almost did it this time...some day,they will screw it up so bad there wil be no way back...it's only a question of time...all of these people,politicians and bankers,are the exact types of personality who should not be allowed anywhere near power...they will eventually destroy the human race as we know it...
We must bring back American Industry. We must end the unneeded unions that think they run the show and expect that they should be paid more money than what there skill is worth. With this it will bring back Industry and American Pride in being the worlds most powerful super nation.
what was the interest the government was charged to invest in the banks?? I mean the Amount The PRIVATELY OWNED FEDERAL RESERVE CHARGED THE TAX PAYERS???????????????????????????????????????????
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. the government is no different than the mafia. new world order banking system.
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
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
dream eternal you admitted yourself that the government, "said". The government did threaten, and a judicial decision also lent some force. Given the political sway, Freddy and Fanny capitulated. Now given how american laws are, you have to give everyone the same loans, thus starting the slippery slope we just experienced. You can see Maxine Waters herself mention loan quotas given to the financial institutions. Eventually people were naturally going to default.
Hedge funds were INVENTED because of the invention of credit default swaps. This goes back to when the corrupt Bush Administration when they were made legal. Insuring yourself against all risk in the stock market is BULLSHIT: Credit default swaps are only offered and sold to the rich. Wake up: the crime of the century has been covered UP. The Media is also guilty of the cover-up. So are the Governments of the world. So are all the banks. The entire system is corrupt beyond redemption.
@turak0 Actually, hedge funds were invented to help farmer to, literally, hedge their farms with fruit threes and flower or other plant that could help them reduce their loses if the prices of tomatoes, potatoes, wheat and other goes down. Had to go back to the freaking 16th century and it does not make sens with our actual economy, but it's the same principle which applicate to stock action since the 1940's. CDS, we had to look a bit before the exon valdez in 1989 ;)
This documentary is a COVER-UP for one simple reason: it does not even mention the root cause of the financial meltdown: CREDIT DEFAULT SWAPS: it was this illegal insurance that bankrupted all of them.
Selling insurance without any capital to back it up is ILLEGAL. The international financial system cannot support credit default swaps: you cannot insure the stock market . Yet this is exactly what these thieves have been doing, and nobody has brought them to court. (Cont)
People forget that in the beginning government forced banks to loan money to dead beats! Someone was going to eventually have to pay. How unfortunate that it would be us!
The government did no such thing, re-read your history.
The government said, Loan to the people, the banks said cool, we'll loan to EVERYONE even those who cannot pay, securitise the loans, and sell them, to gain more money for ourselfs, then we'll bet on those securitizations to make even more money.
They then said, government dont give us any rules, and the government obliged.
God is coming to pay us a visit. The first thing he will want to know is where did you work to justify your behavior. Now they can explain their job requirements and their philosophy of economic that benefits only a handful of rich.
the federal reserve is not a goverment agency. they're a bunch of thieves stealing your money and running your country. Pretty much federal reserve is the goverment not the u.s or president runs this country and your political system is fucking joke
On the final thought of "nobody knows if it will be enough," when your in your darkest moments is when one learns the most... The bailouts prevented the darkest of those moments.
The only question being is will the current and future costs of the bailout be less than the costs had we of let the companies fail.. Being that they never did, so there is little hope in ever measuring that..
However, had they have failed, opportunities would have eventually opened up for others to fill in.
To JETZcorp.. but before the Fed was AIG, Lehman, and Bear Sterns holding up the blizzard-free zone signs.. Ultimately the blame falls to 1 the companies irresponsibly handling their assets 2 the consumers making uninformed decisions, and 3 the SEC and other regulatory agents' inability to regulate the new instruments..
Being against government intervention, i find that it's only productive means of intrusion into businesses is through regulation of fraudulant activities.. Failure....
After doing some research I've found out why the bankers thought they could get away with what they did to get into the mess. It's not because they were greedy or irresponsible; it's because the Fed, under Greenspan and later Bernanke, had erected a giant sign reading, "Guaranteed blizzard-free zone!"
@stoyan121987 The banks that were financially sound (of the big 9) did NOT want this money...they didn't want to give the government any opportunity or say in how they run their business. Last I checked, the U.S. is a country based on capitalism, but it is rapidly becoming a socialist nation. :-(
Bear Sterns exec "what do you do when an avalanche is coming at you, you cant out run it??" no thats why you stay out of avalanche zones and monitor seismic activity!!! Little foresight, caution, respect for Murphys law!!!
From what I gathered, the problem was caused when the bankers were riding their proverbial snowmobiles in the mountains, and there was no snow in sight. Then when the blizzard hit and they tried to ride down the mountain to safety, they got hit with the avalanche.
same old story,they almost did it this time...some day,they will screw it up so bad there wil be no way back...it's only a question of time...all of these people,politicians and bankers,are the exact types of personality who should not be allowed anywhere near power...they will eventually destroy the human race as we know it...
tkshots 3 weeks ago
I forgot - why is communism supposed to be bad?
quirpco 3 months ago
We must bring back American Industry. We must end the unneeded unions that think they run the show and expect that they should be paid more money than what there skill is worth. With this it will bring back Industry and American Pride in being the worlds most powerful super nation.
MasterDeek 3 months ago
what was the interest the government was charged to invest in the banks?? I mean the Amount The PRIVATELY OWNED FEDERAL RESERVE CHARGED THE TAX PAYERS???????????????????????????????????????????
Hydrogenagent 3 months ago
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. the government is no different than the mafia. new world order banking system.
tonytonytee 4 months ago
This has been flagged as spam show
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
tonytonytee 4 months ago
This has been flagged as spam show
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
josedro 4 months ago
Comment removed
Junglist562 9 months ago
do they want us to feel sorry for these people and Paulson inparticular
safwan321 9 months ago
dream eternal you admitted yourself that the government, "said". The government did threaten, and a judicial decision also lent some force. Given the political sway, Freddy and Fanny capitulated. Now given how american laws are, you have to give everyone the same loans, thus starting the slippery slope we just experienced. You can see Maxine Waters herself mention loan quotas given to the financial institutions. Eventually people were naturally going to default.
468101 10 months ago
Hedge funds were INVENTED because of the invention of credit default swaps. This goes back to when the corrupt Bush Administration when they were made legal. Insuring yourself against all risk in the stock market is BULLSHIT: Credit default swaps are only offered and sold to the rich. Wake up: the crime of the century has been covered UP. The Media is also guilty of the cover-up. So are the Governments of the world. So are all the banks. The entire system is corrupt beyond redemption.
turak0 10 months ago
@turak0 Actually, hedge funds were invented to help farmer to, literally, hedge their farms with fruit threes and flower or other plant that could help them reduce their loses if the prices of tomatoes, potatoes, wheat and other goes down. Had to go back to the freaking 16th century and it does not make sens with our actual economy, but it's the same principle which applicate to stock action since the 1940's. CDS, we had to look a bit before the exon valdez in 1989 ;)
therrydicule 8 months ago
@turak0 EVERYONE READ THIS GUY'S COMMENTS. HE'S RIGHT. ARREST THE BANKERS.
tobyluke1 5 months ago 2
This documentary is a COVER-UP for one simple reason: it does not even mention the root cause of the financial meltdown: CREDIT DEFAULT SWAPS: it was this illegal insurance that bankrupted all of them.
Selling insurance without any capital to back it up is ILLEGAL. The international financial system cannot support credit default swaps: you cannot insure the stock market . Yet this is exactly what these thieves have been doing, and nobody has brought them to court. (Cont)
turak0 10 months ago
dude, these are hilarious!! saw this in web movie tube
glenniesamoyoa26 1 year ago
People forget that in the beginning government forced banks to loan money to dead beats! Someone was going to eventually have to pay. How unfortunate that it would be us!
468101 1 year ago
@468101
The government did no such thing, re-read your history.
The government said, Loan to the people, the banks said cool, we'll loan to EVERYONE even those who cannot pay, securitise the loans, and sell them, to gain more money for ourselfs, then we'll bet on those securitizations to make even more money.
They then said, government dont give us any rules, and the government obliged.
All the devils had a hand to play.
dreamEternal 10 months ago
God is coming to pay us a visit. The first thing he will want to know is where did you work to justify your behavior. Now they can explain their job requirements and their philosophy of economic that benefits only a handful of rich.
wisdom78850 1 year ago
Its like Robin Williams said ... the bankers are like junkies trying to get money for drugs and promising they won't do it !
kedharf1 1 year ago
125 billion dollars
tech666support 1 year ago
the federal reserve is not a goverment agency. they're a bunch of thieves stealing your money and running your country. Pretty much federal reserve is the goverment not the u.s or president runs this country and your political system is fucking joke
deathsoap 1 year ago
Who wrote this, the DNC chairman?
BaronVonLichtenstein 1 year ago
On the final thought of "nobody knows if it will be enough," when your in your darkest moments is when one learns the most... The bailouts prevented the darkest of those moments.
The only question being is will the current and future costs of the bailout be less than the costs had we of let the companies fail.. Being that they never did, so there is little hope in ever measuring that..
However, had they have failed, opportunities would have eventually opened up for others to fill in.
w102grt 2 years ago
To JETZcorp.. but before the Fed was AIG, Lehman, and Bear Sterns holding up the blizzard-free zone signs.. Ultimately the blame falls to 1 the companies irresponsibly handling their assets 2 the consumers making uninformed decisions, and 3 the SEC and other regulatory agents' inability to regulate the new instruments..
Being against government intervention, i find that it's only productive means of intrusion into businesses is through regulation of fraudulant activities.. Failure....
w102grt 2 years ago
After doing some research I've found out why the bankers thought they could get away with what they did to get into the mess. It's not because they were greedy or irresponsible; it's because the Fed, under Greenspan and later Bernanke, had erected a giant sign reading, "Guaranteed blizzard-free zone!"
JETZcorp 2 years ago
Why so seroius?
JoseTheAntichrist 2 years ago
lol.... Not funny but I thought that They were smart Investors?
YJR29 2 years ago 2
o man these poor bankers. having to give themselves our money against their own wishes!
stoyan121987 3 years ago 27
@stoyan121987 The banks that were financially sound (of the big 9) did NOT want this money...they didn't want to give the government any opportunity or say in how they run their business. Last I checked, the U.S. is a country based on capitalism, but it is rapidly becoming a socialist nation. :-(
asrich2 2 years ago
@stoyan121987 They didn't want the money because there were strings attached, come on man, put 2 and 2 together.
brainstem46 1 month ago
Bear Sterns exec "what do you do when an avalanche is coming at you, you cant out run it??" no thats why you stay out of avalanche zones and monitor seismic activity!!! Little foresight, caution, respect for Murphys law!!!
RusselBertrand 3 years ago 24
From what I gathered, the problem was caused when the bankers were riding their proverbial snowmobiles in the mountains, and there was no snow in sight. Then when the blizzard hit and they tried to ride down the mountain to safety, they got hit with the avalanche.
But, like Bush, I'm no economist.
JETZcorp 2 years ago