Very Scary Economy, Dean Baker on Meet The Bloggers

[n057828]

US run by ZJEWS and H/Simpsons BUT we are fin finding out. I ask you a question why do thet want the US $ collaspe. MMM something is planned soon.....911 moon landing wars etc all bs and ya int rates are next to nothing etc and no taxes increased. We are not all that silly its all planned....

[dilbertgeg]

Banks wanted to run up the bubble for a fast buck. Let them sit on REOs.

[seymourg12]

This anchorman guy knows his stuff. Very good interview.

[VAkraut]

Wow Cenk, are you jacked up. Do you think that Obama could fix the country? Please tell me how long it is going to take? I'll give you 4 years. And your guest, he should call Brett Favre and tell him how to recognize the double coverages better that the Dolphins threw at him so he didn't throw those picks. I'm sure he foresaw that as well. Maybe he should just recommend stocks instead of rambling 2002 theories in 2008. C'mon. NOT A SOLUTION!!!!!!!!!!!!!!!!!!!!!!­!!!!!!!!!

[specultr]

I don't know if you know anything about economics, but Dean Baker is credited with being one of the first in recognizing the problems. Look at Galbraith's recent story in the NY Times about why the nation's 15,000 economists mostly missed the bubble. Baker is an independent thinking economist who was spot on before everyone else.

[VAkraut]

Well, I think that plenty of people knew about the housing bubble, they just figured they would make their kill, and deal (or not deal)with the fallout when it happened. Even Joe Homeowner knew the housing bubble would burst eventually, but by not speaking loudly enough, or not having enough respect to get the ear of the people in charge, doesn't do us any good now, and I'm sure it will happen again.

[heymisterderp]

Satire: In a last ditch effort to save his campaign, John McCain appeals to the youth and hip-hop crowd.

watch?v=NB8yVIx6auE

[Liberal2245]

!they still want to blame entitlements and the poor for there mess Why do seniors and middleclass have to be step on all the time by this philosophy that markets are the back bone of america .What about the labor and the people who run these markets ands companies !Oh I see there invisible POLITITIANS need to get a heart and remember the old saying a house will not stand without a good solid foundation !The past and hard labor built america! !

[standingstrange]

I know people who bought houses and added a little paint and resold them for big profits. There was even a thing on tv called, Flip this house. I saw big troulbe from the greed quick made money.

[WKaliber1]

mean the cunters

[KendoTheGreenWiza]

No regulation is also a part of the reason. Realtors and loan brokers used thier own appraisers to determine the value of a home they were selling or attempting to loan money on. They manipulated prices higher and higher in a frenzy to make more money and push bigger loans

[Salvysahagun]

@KendoTheGreenWiza

The regulation was their.

It just wasn't followed.

To say we need more regulation is the same as saying a ghetto needs more police. no they need cops that don't turn the other way when hand them a pay off to look the other way.

over 100,000 pages is what makes up the regulatory code.

[AzureFlameElk]

The bubble was caused by giving sub-prime loans to people who couldn't pay them back.

No?

[Tman222]

Simply put, our current economic crisis is caused by GREED.

And $70 Billion of the $700 Billion bailout is going into the pockets of those executives (and politicians) that have failed and betrayed us with their greed. So we question it and talk about it. SO WHAT?!? WHAT WILL STOP THIS MADNESS. TALKING?

[irishpatrick12]

I find that curious why you get 4 negatives on your blogg, when its completly true. Its so simple. Your exactly correct. Libs are in denial, and very stupid.