Pt. 5 America's Bankrupt Banks (Inside the Meltdown)

[averitas]

Frank and Dodd of all people, show their faces on this? They have huge ones. The Reps in Congress were the bad guys? Not the dem legislators and presidents that pushed NINJAs to low/no income because they were TOLD they must? Look for the Dems on Fannie and Freddie when reps warned them about this happening. I'm still waiting on the documentary on Carter, Glass-Steagall/Clinton/Cuomo/H­UD history. Bush, Paulson, Bernanke and Obama's ex-Fan/Fred/GS campaign comm./buds/staff should be in jail.

[hotwelder2010]

If they had not passed the bailout there would have been a global crash......the market would not have taken care of itself.

[gopconservative78]

The Free Market should have taken care of itself.....instead of government fucking it up more

[life0is0just0a0ride]

Qe1 failed qe2 failed so qe3? Ben bernanke needs to go look up the defination of insanity. Serious how is this guy running the shots. Good luck america yous are going to need it.

[life0is0just0a0ride]

@kaptainkal let them all fail go through the rough, what they have done as just delayed the problem and now its going to be even worse.

[kaptainkal]

sad day? and what alternative would you suggest? it wasn't perfect but it was necessary

[boscoesarmy]

Bankruptcy laws protect them. The Corporate lobbyists, The banking - Wall street lobbyists have been greasing the wheels of congress for years. The mind set of the American establishment is the capitalist system. All these bankers are seen as the captains of industry and the people who create wealth. To jail them would be seen as a betrayal of the capitalist system. Where does the buck stop. Politicians deregulated the market at the behest of the Banking lobby. The system is rigged that way.

[jizzleone1]

Kill 666 buy .999

[jscottupton]

The only time we should care what Frank, Pelosi, Reid, Dodd, et al think is at their trials.

[The7legacy]

9:31

$125 Billion Dollars!!!!!!

[jdhiner1]

They actually inserted a two line addittion into the bill to allow for these capital injections when they figured out the taoxic asset buy would not work.

[uturniaphobic]

David Faber says "these guys don't know what they're doing".. referring to Congress...

...words never uttered while the market shot to heaven with shit on its shoes. oh no!

this is "risk" look it up

[Mattessj]

tarp was suppose to buy toxic assets...those wall street banks invested that cash in ASIA!!!!...mother fuckin swine

[beancube2008]

Black mailing is not new. When our gov't doesn't see the reasons of bubbles, they'll only trap all people with narrow minded solution. Wild fires must be treated with isolation, not fuel injection. Those heading seats of a bonzy scheme should not be taken by our public servants. New safer credit system must be immediately relocated instead of pulling in those painful stake holders again and again in the disaster areas.

[Tnyvnd]

or u could of waited and had dow 1000 and lose all faith in the markets forever....

[Armysmithaz]

if you take out a loan there needs to be interest i understand that, but what's resonable, wall steet is greed. Too much caused this

[19fluid75]

It was a sad day when they passed that bill.

[boscoesarmy]

@19fluid75 If they hadn't passed the bail out there would have been a complete economic collapse that would have been 10 greater then the great depression. There would have been a complete run on the banks which would have had to close it's doors. Blind panic would then issue with a run on supermarkets food and gas stations for gasoline. Riots and anarchy would have broken out and then the world economy would have followed. They had NO option.

[19fluid75]

@boscoesarmy Your assumptions are those of someone who clearly does not understand what happened.

[boscoesarmy]

@19fluid75 So what do you assume would have happened if they had not passed the bailout? The market was at a precipice. I hope you are not one of these new world order conspiracy theorists? Explain to me please what happened?

[boscoesarmy]

@19fluid75 Low interest rates imposed by the federal reserve after 9/11 caused a housing bubble. The deregulation of the markets lend to a massive exposure for all involved when the morgage defaults started happening. It was the perfect economic storm and was man made by greedy bankers and an irresponsible government. The fact remains that Paulson and Bernake had No option but to bail them out because the entire economic system would have collapsed. The people who caused it should be jailed.

[73mandala]

@boscoesarmy Why are they not in prison or even sent to trial?

[swamimans]

you cant setup a nation on debt and interest. interest is forbidden in islam

[KingDrudge]

and the prophet muhammad didnt like paper money