Timeline: Subprime crisis

[riverlioness]

JP Morgan is far superior to Goldman Sachs.

[bluenose1006]

Yes the worlds a mess.

[TankMonster105]

While Obama & the Democrats were cashing their big paychecks from FannieMae & FreddieMac, McCain and 18 other REPUBLICAN Senators were loudly predicting this disaster and trying to STOP it.

Their letter, dated May 5, 2006:

tinyurl (dot) com/3q6dc9

(fix the "dot," obviously)

Note that NOT ONE DEMOCRAT signed this letter.

Where was Sen. Obama that day? Running for President, too busy to give a shit.

Democrats pimped these loans to unqualified borrowers, now the chickens came home to roost.

[sigur90]

Haha, you're so silly.

[leklek69]

haha you're gay

[desertclair]

I think Republican ideology is responsible for this mess. It all started with the crazy trickle-down theory that Reagan sold the countrt that said no government is good government making its only purpose cutting taxes. The government became the enemy, leaving regular middle class Americans vulnerable to the greed inherent in any of us when large sums of money are involved. We need government regulation as a referee to keep the free market fair for everyone.

[tonykim9]

This whole thing is Bush's fault

[AirelonTrading]

Actually, it could be laid at Clinton's and Greenspans fault for encouraging such low interest rates in the midst of economic growth, instead of tempering that growth with higher rates.

It created a bubble of easy credit. That didn't happen in Bush's term. It occured in his term. He just inhereited the mess.

[erictjie]

as a stockbroker I knew it will happen and it did not surprise me at all, but the worst yet to come.

[TYX91101]

Foreign markets were thought to be "de-coupled from the U.S." Another fantasty bites the dust.

[JUKIO01]

this is all part of the NOrth AMerican Union plan, look it up guys. look up the amero also, their all tide together, the government within a government is planning all this!!! world domination, dont be fooollllleeedd!

[AirelonTrading]

I've heard, that this "Amero" that is "now being printed"?

I've heard that for 12 years. It's never happened. And each year, supposedly, is the year that it's going forward.

Nothing yet.

[JUKIO01]

russia attacked georgia on the day of the olympics. on august 13th, america will attack iran in retaliation, cuase iran and russia are allies. ww3 thus will begin. on that same day the olympics will be attacked. its all part of hte plan to turn the whole world into one government. the impending collapse of the US economy will occur in late of 2008, maybe this fall. the amero or cashless society will be born. if you dont cooperate they will turn of your chip, thats why its cashless.

[AirelonTrading]

So, WW III is tomorrow eh? Have you left the cities when the bombs start dropping? Have you bunkered down? Gotten your loved ones out of harms way? Taken off for the North wilderness of Canada's territories? That's where I'd head if I thought the WW III was about to begin. Just a few hours to go you know.

You need help. Do some research on the psychological causes of conspiracy theories. It's a result of serious psychological problems.

[AirelonTrading]

It's the 13th, and I'm still waiting.

[AirelonTrading]

It's the 15th. You're two days late.  Olympics were never attacked.

Maybe ... maybe they've found you on YouTube, and they are monitoring you! They are looking at your emails and your posts!

(Ok, yeah, making fun of the paranoid probably isn't too cool. But it's pretty funny)

[zrac09]

yeah you called it late 2008. very good.

too much of money is fiction. what is something worth? who decides what its worth? not us. we need to make stuff here again. god, id love to work in a solar panel plant. cover the desert...fuck the oil!

[JUKIO01]

im so glad that i already have a home, my family owns three homes, one for my brother and one for me!!

[psgman41]

Since banks are getting all too scared to lend, it's the central banks' job to help by lowering the rates... that's the only solution. (Lol, Bush's action was absolutely useless.)

[pandafinance]

这段视频在开头论述了次贷危机的起源，然后是次贷危机的影响，以­及美国政府的应对措施。视频引用了高盛副主席Robert Hormats的评论。最后，视频论述了次级债危机在全球市场的­影响，特别是对中国内地市场的影响。路透社的观点是，由于中国市­场相对封闭，次级债危机对中国的影响会比对美国的影响小的多。（­潘大财经）

[ally008]

Nice video, gonna link this to our site at the-crunch(.)com

We're observing and discussing the credit crunch and house prices. Looking for volunteer authors also! Call by and have a look.