An the court sided withReagan and the Senate = the House of Rep. is irrelevant !
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Obama\Senate should have done this on the Debt Ceiling; instead of accepting all the Gingrich-ish nonsense, that the BONER/TEA BAGGERS added ... Almost identical to the Gingrich-ish crap that the Bush rubber-stamp Congress, ignored, while doubling the debt !
@Trickle4321, yeh my bias sources,and yours? " media matters". you compare those think tanks with the likes of "Russia Today" wow. What happens when you tax and spend? Corporations don't hurt me the ill effects of big govt. hurts me
@Trickle4321 you libs are good at calling names but hey when I raise your rent from higher energy costs and the trickle down effects from Obama Care I'll be called a lot of nasty names. But you should'nt blame me but you will.
@Kubrick1989, the Fed sets monetary policy on a reactionary basis stemming from the effects of an ailing economy. The Fed did'nt create "TheRecovery Act". And I repeat Reagan's tax cuts had a cumulative effect of several billion dollars that helped stoked unprecedented growth for 60 straight months.
Wrong-wing frequently project Reagan/Bushs problems on others; have they forgotten the 1982 TEFRA [by-passed the Dem. House’s proposals], Repub. Senate revered it, which resulted in the –‘largest tax increase of the 20th Century.”; accompanied by Reagan’s tripling of spending. ___ Made him the –‘largest Taxer and Spender’... And the result has been almost 3rd world status for the majority; and 80% of all income going to the top 10%
“The Education of David Stockman” 1981, “The Triumph of Politics: Why the Reagan Revolution Failed” (1986) [Reagan's Budget Director] by David Stockman
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“How the Economy was Lost” by Paul Craig Roberts 2009, [Reagan’s Assistant Secretary of the Treasury], counterpunch org/roberts02242009.html
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“A Taxing Experience” by Bruce Bartlett [Former Reagan adviser] 2003, old.nationalreview com/nrof_bartlett/bartlett2003¬10290853.asp
The Fed handled $8.4 TRILLION from the auctions of the Treasury securities and hid the money from Congress. The law, Title 12, section 247, requires the Fed to make a “full report” to congress. Hiding that profit from Congress sounds like embezzlement. Ref. 3w scribd dot com message 49040689
The same thing is happening to America. We are done!!! 44.5 million on foodstamps, twice that many on welfare or social security, real unemployment at over 15%, 1/3 of America's children are fat and diabetic, and 1.5 million abortions anually. This is the end. I hope all you liberal democrats are happy. You have successfully ruined the greatest country in the world. Freedom has been flushed down the drain.
Democrats suck, although they have proven themselves to be the far more fiscally responsible party. Republicans are all about redistribution of wealth...from the middle and working class to the rich.
This video is a cruel joke, and WAY off the mark. Banks were never forced to loan money to unworthy borrowers.
LOL at blaming the Democrats. Obviously a post by a stupid, angry white male.
@nicenonya3 What do you think is better tax and spend democrats that take money from us to grow the federal govt. or tax cutting republicans that keep more money in the private sector for investment and growth. Both create deficits. Former senator Corsine said it best I think when the dems were bashing Bush's proposed tax cuts. "is it not better to build a school bus then to build a mercedes benz". That sentence sums up the great divide between the philosophy of the 2 parties.
@nicenonya3 Reagan was bound in his budgets to fund programs and agencies that the dems enacted over the years, starting with the "Great Society". Funding for medicaid, dept. of education, epa, dept. of energy, public housing, food stamps, title Ix, job training, human services etc. Yes his tax cuts created a deficit but like I said it created for 5 years the largest growth in the economy.
@mrgetrealpeople I left out FICA because that's a pet of the Dems and that had to be kept solvent for the long term. His other 2 tax increases were outpaced by a cumulative effect of several billion dollars in tax cuts. About 40 to 50 percent of tax payers were taking off the tax rolls and the gas tax increase had a negilible affect because of that and the other tax increase was to close several loopholes in the tax code that affected mainly higher incomes. Thanks for reminding me.
@nicenonya3, hey before Reagan, Carter and the dems gave us a misery index of 25% and Reagans tax cuts gave unprecendented growth in gdp for 4 straight years
@thelongshotplayer Ronnie Raygun took the national debt from 600 billion to 2.5 trillion, and gave us the Bush crime family that added 10 trillion more debt,three unfunded wars,$147 oil,and the second worldwide depression
December 16, 2003, President George W. Bush signed - "American Dream Downpayment Initiative", which was aimed at helping approximately "40,000 families a year" with their down payment and closing costs .... = approx. 160,000 loans
@kingbacon Has anyone ever told you how much of a dumbfuck you are? If so, let me proudly be the first. As a public service I will attempt to EDUCATE an ignoramus like YOU & deprive the democRATs of another dunderheaded douchebag voter.
America is suffering from 3 waves of statism. Until these 3 waves, all was reasonably well in our nation. The govt's size was small, productivity was excellent & inflation was low. The first wave was launched by FDR, the second by LBJ & the 3rd by Barak Obama.
@kingbacon In the 1st wave of statism, launched by Franklin Delano Madoff, we created social in-security, Fannie Mae & this led to Freddie Mac. All are bankrupt. In the 2nd wave, launched by Lyndon Baines Madoff, we created the Great Society (8 trillion bucks 2 destroy the black family) & Medicare. All are bankrupt or going bankrupt. In the 3rd wave of statism, launched by Barack Hussein Madoff, we created Obamacare and it will be the final nail in our financial coffin. Time 2 wake up bud!
@Cokie907 Some people just don't get it. Before the democrats "Great Society" in 1964 when govt. spending was 5% (excluding defense spending) of GDP a factory worker and a housewife with a nice house and one car could pay for their daughters college and buy her a new chevorlet to commute. How many families c ould of done that in the '70s through today. They just don't get it. keep on telling it like it is..
@thelongshotplayer You don't get it,before the wall street goons sent all our jobs to third world countries, and Ronnie Raygun gave huge tax breaks to the super rich ,this country was in pretty good shape!
@kingbacon "...Every economic crisis goes back to the Republicans.Hooverism...."
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Pretty much identical de-taxation of the rich [as Reagan]; same results ... wealthy got extremely wealthier 90% are approaching 3rd world status [again] in social inequity and lack of social mobility.
Since the 1980's, 80% of all money has gone to the top 10% - and wages are not keeping up with inflation.
Remember the saying 'History repeats itself'? Remember the Great Depression? Look up facts on the Great Depression and tell me it doesn't sound like what's happening now. Remember the that we are in a war now? People tend to have short term memories so I thought I'd bring that up to remind people.
Richard Mellon Scaife [who funded Watergate, Central American decimation, Clinton project; and a lot of the wrong-wing websites, now - grandson - sec. of treasury 1920-30; Mellon Plan].
Even had the housing market not crashed, a "recession" was on it's way. Even had the financial banks not faltered, a "recession" was on it's way.
There was an inflation bubble waiting to burst.
There was absolutely ZERO economic growth from 2001-2009. Coupled with the rising cost of fuel and the Bush/GOP tax/interest rate policies, inflation shot up like a bish.
Why do you think the gov't led by Bush/GOP invaded Iraq? Hint: stimulus
GOOGLE IT? Google blatantly misdirects searches to hide anti-socialist info, & articles that make Libs & 'Anointed One' look bad. I recommend Big Brother loving Google, be replaced with a more TRUTH friendly search engine. Google is a Anti-American, Anti-Capitalism, anti-Patriotic search engine. If I could figure how to take the D#@* engine off my search bars, and everything else I would.
Tracking & Spying on users, keeping info forever- DON'T give Google more advertising to hide the truth.
Fannie&Freddie have taken 150Billion from tax payers 20% of the entire bailout & are still asking for more,all in they are expected to ask for nearly $1 trillion from the treasury dept.That validates the majority of this video.The SEC along with Fan &Fred are not to be subjected to the Freedom of Information Act when the latest financial regulation reform was passed.Friends of OBAMA Raines$90Mill,Johnson$25mill Garelik$20Mill as CEOs of the company
The world started buying from the US and come here to vacation and shop because oil went up and that forced the US Dollar down which made our products cheaper especially in Europe.The housing crisis didn't cause this??? How many banks closed due to foreclosures?How many banks stopped lending after the sub-prime mess?This mess started with Jimmy Carter and exploded under Clinton after his admin put put pressure on banks. Fan & Fred have taken 150 Billion from tax payers 20% of the entire bail out
This video has many lies & inconsistencies that I posted a response video where I dissected it. I provided the actual articles AND relevant facts. If you want to remain ignorant, don't research & assume what you see on youtube are facts. However, if you want to know the truth about ANYTHING, learn ECONOMICS. The mortgage "crisis" did not cause the US economic "crisis"; it is the lack of worlwide spending on US goods, possibly because of inflation due to accelerated increases in oil prices.
The "De-Regulation" of the banking industry began under Reagan, which led to the banking excesses of the 80's... which culminated in the Savings and Loan scandals and subsequent "Bailout" in the early 90's. If you watch the time line in this video you will notice most of the damage starts to occur during the 1st term of G.W. Bush's administration. His speech to a HUD convention in 2002 laid out his plans to make housing affordable to minority homebuyers ushered in the "sub prime" meltdown.
@Dogbonesmen THe problem we dont need MORE regulation, if you dont enforce the rules on the books what does it matter if you make more rules? This is the problem with our nation as of now, immigration, corporate CEO's, congressmen, no one is held accountable for their actions. Start throwing CEO’s and government officials in fail and you might see a change.
I believe that the U.S. Government should start producing feature movies. Even a decent film nowadays gets over 100 million dollars, and when making dozens of films, that money really adds up! But it'll be a long shot to make 12 trillion!
@ShortFingeredShreder Why do they need to make the films? That can just raise the taxes on the fil makers and take their "record profits". Maybe 50% taxes on all forms of entertainment! Its funny that there is less taxes on what we dont "need" than what we do need such as fuel and transpertation...
All of you folks blaming the Democratic subprime mandate should remember that no bankers or conservatives were complaining as they collected $BILLIONS in sub-prime loan origination fees. There's plenty of blame on both sides. Take your partisan (brainwashed) politics on this matter and stickem where the sun don't shine.
maybe you missed the part where McCain and Bush tried to put a hold on and regulate the SPM industry... Yes there is plenty of blame to goo around but it's obvious who was in bed with this gravy train. Bush was humping the defense industry not the mortgage industry that brought housing prices to 50% and banking which just took a cool trillion off the people.
Maybe you missed the part where Bill Clinton and janet Reno were going to march on banks failing to participate. So being GOOD business people they found a way to make money on it. It's not their fault you or anyone defaulted. They played with the hand dealt to them, Some lost their arses some made big bucks. That's life it is seldom fair. All the leftists are all against religions and big on science. I call this the perfect example of Darwinism only the strong survive.
what Chief Justice Roberts and his conservative Supreme Court majority have done is to overcome a century-old democratic tradition in the United States in granting a constitutional right to business corporations and to banks, (they are the ones with a lot of money), to use their enormous resources to not only participate in debates about public issues, but also, and above all, to de facto dictate the election of candidates of their choice to public office.
"This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)"
Bush pushed minority homeownership for YEARS knowing it would not work in the end.
This started long before Bush was in office. I was a money broker while I was in college. Clinton put teeth into the CRI which really got the ball rolling on B and C loans. Everyone in the industry knew this would eventually become a problem. At that time it was viewed as a bunch of poor people getting in over their heads. The effective sale of that debt was not going on early in the process so nobody knew how much it would effect the overall market in the end. Clinton created the big problem.
"I want to thank Franklin Raines, of Fannie Mae and Leland Brendsel of Freddie Mac. Thank you all for coming. Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. The single greatest barrier to first time homeownership is a high down payment.
@jensen1901 Is it really practical for EVERYBODY to own a home? I suggest NO based on a host of factors not the least of which is steady employment in a single location.
And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we've got to set a big goal for America, and focus our attention and resources on that goal. "
The mortgage meltdown was Bush's fault. From a Bush 2002 speech:
"Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we've got to focus the attention on this nation to address this."
This video is just like the government underlining only what they want you to see. All this happened under Bush. He is 100% at fault. Now Obama is not any better. It's disgusting.
It's fine to put families in homes. What are we all about anyhow? It used to be simple. The president worked on getting people in homes and getting jobs.
Now it's war and Wall Street. Gov could care less what happens to homeowners and jobs now.
Lenders were allowed to create securites out of loans which were graded A+ sold them to foreign Countries China.
A Register analysis of more than 12 million subprime mortgages worth nearly $2 trillion shows that most of the lenders who made risky subprime loans were exempt from the Community Reinvestment Act. And many of the lenders covered by the law that did make subprime loans came late to that market after smaller, unregulated players showed there was money to be made
Nearly $3 of every $4 in subprime loans made from 2004 through 2007 came from lenders who were exempt from the law.
The video is straightforward, truthful, and factual. Check its sources and you will see it is fact. This is debilitating to the liberal agenda because the video gathers the facts in 1 place so we can make sense of them. The censorship of facts and whole truth by the media has made this difficult, so Americans have to go the extra step to understand and act. Please get the facts and get involved.
I have to say the video is very biased and misleading. The video mentioned the change under Clinton's reign, but nothing on time scale. Little subprime lending appeared until 2003!
The main reason for subprime crisis is not the CRPlan. The plan started in mid 70s but why no crisis merged until 2006?
If you say, it was a "mistake" for Mr Carter and Clinton to start the program, then why should our beloved GOP leader exhaust this program to its summit during 2002 and 2005?
Are you a fucking moron? Sub Prime lending has been around since the early 90's. We used to be able to charge up to 10 points on a loan (FRONT & BACK for a total of 20%). In the 90's it comprised of about 45% of the business. Get your facts straight you dumb fuck.
The problem was GREED plain and simple, let people who live in old rundown neighborhoods take ownership? Well whats in it for me? Slum lords whitewashing rats nests and then helping buyers get fucked-up mortgages. GREED is killing this country, GREED
Youre the idiot. What freedom have we lost? Where the hell have you been fool?
Cant you read? Maybe youre asleep? Ever heard of the Pass Act? I guess not. Ever heard of the Real ID act? I guess not. Do you like the freedom of privacy? YOU DONT HAVE ANY. What freedom have we lost? YOURE THE IDIOT. WAKE THE HELL UP. Who prints your money? Who got bailed out? THE BANKS, IDIOT.
This comment has received too many negative votesshow
what a load right wing biased horseshit. the commodity futures modernization act crafted by the idiot republicons, making credit default swaps legal is at the root of the mess.
I've yet to hear one CREDIBLE economist blame the community reinvestment act which the banks didn't even comply with.
The only people I've heard this shit from are fascist right wing nut job propagandists.
This was biased as shit. again NOT ONE CREDIBLE economist has echoed this bullshit propaganda. Only rush limbaugh and his ditto/shit heads.
Republicans are the most mindless, unthinking morons around who believe any propaganda put out by the rnc an their mouthpiece propagandists. Morons like u make their job easy.
The mortgage industry passed subprime loans without regard as to whether or not they'd be paid back cuz they were packaged into securities and sold on Wall street. This didn't happen UNTIL the republicons in congress made it legal. They never even complied with the community reinvestment act. If that were the case why didn't the housing industry tank in the 80's or 90's.
I think you need to do your homework
Try thinking for your self instead of letting glen beck do it for you. shit head.
No. The mortgage industry gave these loans because the government via fannie may said that these loans were RISKLESS. So much so that these loans only needed 2% captial to back them.
The video of Franklin Raynes and Maxine Waters are here on youtube.
Not to mention the CRA alterations by the Clinton admin FORCED banks to lend X anmount of dollars to low income and otherwise NON credit worthy individuals.
Watch BURNIND DOWN THE HOUSE. Maybe it will clear things up for you a bit.
Man, you're one stupid shit if you think your freedoms arent in jeopardy.
I bet you sit in your daddies 1million$ mansion watching life through your 90 inch flat screen, eating your TV dinners like a shmuck. Go get your public education, and let me hear you say that the government controlled education in your country isnt oppression at its best
People who live in million dollar mansions and watch 90 inch flat screens are all Republicans because they don't want to pay taxes, you moron. The problem wasn't bad loans, it was allowing banks to hide the bad debt and sell it to someone else. Oh no, we can't regulate banks can we? The free markets solve everything. Phil Gramm was more responsible than Chris Dodd. All this blame the democrats crap plays really well on AM radio, which is where you continue to spend your time., ditto head.
You've been watching glenn beck and sean hanity too much.
You didnt name one fucking freedom thats in jeopardy. NAME ONE ASSWIPE. And don't give me this gun shit too cuz you'll still be able to have your gun you dumb fucking hillbilly.
what the hell does public education have to do with this? maybe we should all pay for basic education like mexico so only the rich are educated, then the poor here can migrate to different countries to find work. brilliant.
The rapid rise of Subprime. Subprime mortgage securitizations went from a small segment of the mortgage market to a dominant one around 20% of all mortgage securitizations by 2006.
Between 2003-2006 Wall Street investment bankers funded mortgage lenders in the subprime market to the tune of 70% percent of the loans. When the loans started to default at an alarming rate the investment bankers called their buddy Hank Paulson to rescue them by using the GSEs to back the refinance of troubled mortgages. Bush and Paulson raised the cap on the GSE portfolios in 2008 to fund rescue plans at taxpayer risk.
rebjiii. Are you kidding. This was a gold mine for citibank. All the government had to do was buy up the bad loans like they promised (about 350 billion) and this crisis would have been over. And the CRA has been around since JImmy Carter. And then Clintons last act was to have CRA portfolios doubled. So from 2000 on is when all these bad loans were made. The government just needs to get the fuck out of the way. The GREAT depression is coming soon!
The word union doesnt scare this administration. They were put in power by the unions. Big money does control the government. Big money from the banks, the unions, Fannie Mae, and the media moguls. I look around and see most of them as democrats. Its just funny to me how the democrat states are the broke states. California, Michigan, New York.. And thats fine with me, but dont ask for my money to bail you out. Oh wait, they didnt even ask, they just took it.
Go to the frontline PBS website and check out the video (Ten Trillion and Counting & inside the Meltdown) it is a good non partisan look at how we got in to this economic hole. Let me know what you think
The depression is right around the corner. There is plenty of blame to go around. Anyone who thinks it was just the republicans, or just the democrats is delussional. It's time to get rid of all of them and get some people who care about the country and not their pocketbook in there. They play us against each other and keep us divided. WE can vote 1/3 of them out of office in 2010 and another 1/3 out in 2012. Stop playing THEIR game.
Old Southern Soldier You are so right, the ultra rich Washington power base (i.e. lobbyists) know how to play the people like a fiddle. Big money controls the government. Until we can come together in some way and have some undivided voting power we the people will have no pushback against their money. That is why I think they are fighting so hard against unions. The word UNION scares the hell out of them because its the opposite of divided.
Your video is based on some facts but are the usual streatches of the truth, Obama was an attorney doing his job, Fannie Mae is aways going to give more to Dems, because the GOP has wanted to shut them down since day one. Finally you forgot the real cause was "default swaps" and deregulation, which in effect doubled the risk. The housing bubble, was in rich neighborhoods too, The problem was bad enough, but companies like AIG, and GOP deregulation made it a credit crisis.
Well do you ever wonder why the GOP wanted to shut them down?
LOL
Dergulation was not the issue in this case. While it did magnify the problem the real issue was the bad mortgage which were FORCED upon banks by fannie, Franklin Raynes, and the democrat party.
Great vid, only thing that can be arguable is much of the info is pulled from wikipedia, which is by no means credible. So...everyone do your own research and you will realize that all this IS true!! Great vid
I make 85k a year, and i bought a house for 360k. Lots of my coworkers that make the same as i do, bought a house for 600k and now they are getting a baill out from our Gov. Breaks my heart, because im an Iranian and those coworkers of mine are Black, i can get a baill out also but i wont. Because im a Responsible American.
look at the facts: in jimmy carters administration there was:
A gas shortage,
A horrible economic situation,
not to mention more crap.
Although not by much, he did increase the number of jobs and the energy production, and he did slightly decrease the national debt.
Ill give you this, he did screw up on the hostage crisis. When i said he was a good president, i meant that because he tried. As a president, he was so-so, i see that, but as a man, and a liberator, he is astonishing.
@LinkHimora when Carter left office the national debt was around 600 billion,when Ronnie Raygun left it was about 2.5 TRILLION and the Bush crime family added the next 10TRILLION
I saw this coming from the start! In 2002 when I found a great job. 16.90hr to start....I said to my self IM going to save......Couple years later 05' I was making 21.25 hr.......29 thousand cash saved! Homes were 700,000 ??? Something is wrong here! My parents bought a home in 1970 for 70 grand and 20 years later home was worth 130 that was in 02' and 2007 was worth 980,000.00 I kept telling all my friends this shi! pricing on homes isn't right! How can it cost 500% in 5 yrs think about it guys
wants to inflates them RETURN TO THE LAND try to eat for free there's enough ressources for everybody .UNIVERSAL HEALTH CARE SYSTEM IS A NECESSITY so is our right to information and to own a home, .We have work and studies to do. BRING BACK OUR TROOPS NOW.THEY WILL PROTECT U.S. AGAINST THE GOUVERNEMENT THAT RUINED THAT ONCE GREAT INDUSTRIAL POWER. LETS GET THE TRAITORS AND THE THIEFS OUT OF THIS COUNTRY.STICK TO THE CONSTITUTION of our founding fathers and breed
Well you dumb asses, you wanted this Kenyan Muslim, Marxist Communist to run the country... Now you got 'em and he's running the country...RIGHT DOWN THE DRAIN
he is in office less than 50 days.... can you save the economy in 50 days? or lets look at what bush could do in 50 days in office..... that wasn't a lot either
586 people want another financial bubble.
ptevans01 3 weeks ago
Barney Frank should be in prison.
jpzxcvbnm 1 month ago
So. Catchy 80's music destroyed America's economy? Wouldn't doubt it.
Gasketfuse 2 months ago
All I wanted to Find was Burning Down the House by Talking Heads and this is what showed up
IisEducated 2 months ago
... Who created debt ... and are responsible for 25+ years of compounding interest ?
Overwhelmingly Republicans ... UNNECESSARY wars and military/corporate cronyism
- funding/subsidies/tax breaks/ loopholes = Corporate/family elitists -Wealth Fare ...
Treasurydirect [dot] gov/govt/reports/pd/histdebt/histdebt.htm
LogArithMetic 3 months ago
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LogArithMetic 3 months ago
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Kubrick 1989 Did you say, "The CRA had nothing to do with the financial crisis" ? Are you REALLY that stupid or are you just kidding?
DSuper3 3 months ago
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1997 BJ investigation, Rev Jackson & Rodney King Ritot.
Treasury Secretary resigns & takes job with CitiCorp.
2001 Bush deregulated further. 2002 Capital Gains Tax Cut was like WD40 for derivitive Markets, allowing Mortgages to trade quickly & be profitable.
2004 Financial Credit Card furth deregulation & banking sub-prime overdrive passed. This is partisan propaganda.
lewislwood 4 months ago
V2K
atennnant01 4 months ago
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AMERICA GOING BANKRUPT! Economic Collapse - Imminent Global Financial Crisis and U.S. Dollar Collapse!
BUT I'LL SHOW YOU HOW I MADE A 418% RETURN Using The Black-Box Investment Strategies Of The Rich.
There are 3 Steps you need to take action right now to protect yourself and your love ones
*** economicwarning.blogspot.com ***
ThePirateBrother 4 months ago
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Trickle4321 4 months ago
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Trickle4321 4 months ago
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Trickle4321 3 months ago
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KochFloundNation 5 months ago
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KochFloundNation 5 months ago
@Kubrick1989 ....
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1982 TEFRA ... Repb. Senate bypassed the house recommendations, of lowering taxes in the lowers marginal tax rate.
Resulting in the Highest tax increase in the 20th Century and Reagan signed it !
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Garrison R. ARMSTRONG vs. U.S.A.
openjurist org/759/f2d/1378/armstrong-v-untied-states
cont
hackit12 5 months ago
@hackit12
An the court sided withReagan and the Senate = the House of Rep. is irrelevant !
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Obama\Senate should have done this on the Debt Ceiling; instead of accepting all the Gingrich-ish nonsense, that the BONER/TEA BAGGERS added ... Almost identical to the Gingrich-ish crap that the Bush rubber-stamp Congress, ignored, while doubling the debt !
hackit12 5 months ago
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@hackit12 I'm just curious, Do you have ANY working Brain Cells?
DSuper3 3 months ago
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hackit12 3 months ago
@DSuper3 "..you have ANY working Brain Cells?.."
- Cowardice-ly ignore the issues presented ... and only insult - do they pay you to INSULT ???
hackit12 3 months ago
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@Trickle4321, yeh my bias sources,and yours? " media matters". you compare those think tanks with the likes of "Russia Today" wow. What happens when you tax and spend? Corporations don't hurt me the ill effects of big govt. hurts me
thelongshotplayer 5 months ago
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Trickle4321 5 months ago
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@Trickle4321 you libs are good at calling names but hey when I raise your rent from higher energy costs and the trickle down effects from Obama Care I'll be called a lot of nasty names. But you should'nt blame me but you will.
thelongshotplayer 5 months ago
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Trickle4321 3 months ago
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Trickle4321 3 months ago
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Trickle4321 3 months ago
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The real.. Reagan vs. Hannity’s Revision ...ism
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Hannity’s distortions on Reagan’s stance on :
Terrorism, Nuclear arms control, Budget Deficits, Taxes, Immigration and Judicial Activism !
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Mediamatters org/research/201004050002
Trickle4321 3 months ago
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Trickle4321 3 months ago
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Trickle4321 3 months ago
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“Hannity EXAGGERATED Reagan's record”
Mediamatters [dot] org/research/200801280001
LIE - Reagan presided over the "longest period of economic growth in history"
Reagan's Admin. only came in third :
March 1991 -- March 2001: 120 months,
February 1961 -- December 1969: 106 months,
November 1982 -- July 1990: 92 months
- National Bureau of Economic Research Nber org/cycles/cyclesmain.html
Trickle4321 3 months ago
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Trickle4321 5 months ago
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Trickle4321 5 months ago
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Trickle4321 5 months ago
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Trickle4321 5 months ago
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@Kubrick1989, the Fed sets monetary policy on a reactionary basis stemming from the effects of an ailing economy. The Fed did'nt create "TheRecovery Act". And I repeat Reagan's tax cuts had a cumulative effect of several billion dollars that helped stoked unprecedented growth for 60 straight months.
thelongshotplayer 5 months ago
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KochFloundNation 5 months ago
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KochFloundNation 5 months ago
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KochFloundNation 5 months ago
Wrong-wing frequently project Reagan/Bushs problems on others; have they forgotten the 1982 TEFRA [by-passed the Dem. House’s proposals], Repub. Senate revered it, which resulted in the –‘largest tax increase of the 20th Century.”; accompanied by Reagan’s tripling of spending. ___ Made him the –‘largest Taxer and Spender’... And the result has been almost 3rd world status for the majority; and 80% of all income going to the top 10%
Trickle4321 5 months ago
-‘Reagan Insiders ..’-
“The Education of David Stockman” 1981, “The Triumph of Politics: Why the Reagan Revolution Failed” (1986) [Reagan's Budget Director] by David Stockman
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“How the Economy was Lost” by Paul Craig Roberts 2009, [Reagan’s Assistant Secretary of the Treasury], counterpunch org/roberts02242009.html
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“A Taxing Experience” by Bruce Bartlett [Former Reagan adviser] 2003, old.nationalreview com/nrof_bartlett/bartlett2003¬10290853.asp
Trickle4321 5 months ago
... Who created debt?
Overwhelmingly Republicans ... UNNECESSARY wars and UNNECESSARY military/corporate cronyism - funding/subsidies/tax breaks/ loopholes
= Corporate/family elitists -Wealth Fare ...
Treasurydirect gov/govt/reports/pd/histdebt/histdebt_histo4.htm
Treasurydirect gov/govt/reports/pd/histdebt/histdebt_histo5.htm
LogArithMetic 5 months ago
1982 TEFRA [by-passed the Dem. House’s proposals], Repub. Senate revered it, which resulted in the –‘largest tax increase of the 20th Century.”;
accompanied by Reagan’s tripling of spending. ___ Made him the –‘largest Taxer and Spender’... of the 2oth Century ...
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Yet even the -'mainstream media'- ... ignores that, and projects the opposite !
Trickle4321 5 months ago
Go to the streeT and get your freedom and honor!
Hippruvo 5 months ago
Beautiful....just beautiful!
BaldyV 6 months ago
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fucking liberals lol but at least we taking their asses down with us hahaha
Huskyboy300 6 months ago
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The Fed handled $8.4 TRILLION from the auctions of the Treasury securities and hid the money from Congress. The law, Title 12, section 247, requires the Fed to make a “full report” to congress. Hiding that profit from Congress sounds like embezzlement. Ref. 3w scribd dot com message 49040689
oldereb38 7 months ago
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The same thing is happening to America. We are done!!! 44.5 million on foodstamps, twice that many on welfare or social security, real unemployment at over 15%, 1/3 of America's children are fat and diabetic, and 1.5 million abortions anually. This is the end. I hope all you liberal democrats are happy. You have successfully ruined the greatest country in the world. Freedom has been flushed down the drain.
09geauxtigers 7 months ago
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Democrats suck, although they have proven themselves to be the far more fiscally responsible party. Republicans are all about redistribution of wealth...from the middle and working class to the rich.
This video is a cruel joke, and WAY off the mark. Banks were never forced to loan money to unworthy borrowers.
LOL at blaming the Democrats. Obviously a post by a stupid, angry white male.
fikepros 8 months ago
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fikepros 8 months ago
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@nicenonya3 What do you think is better tax and spend democrats that take money from us to grow the federal govt. or tax cutting republicans that keep more money in the private sector for investment and growth. Both create deficits. Former senator Corsine said it best I think when the dems were bashing Bush's proposed tax cuts. "is it not better to build a school bus then to build a mercedes benz". That sentence sums up the great divide between the philosophy of the 2 parties.
thelongshotplayer 1 year ago
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@nicenonya3 Reagan was bound in his budgets to fund programs and agencies that the dems enacted over the years, starting with the "Great Society". Funding for medicaid, dept. of education, epa, dept. of energy, public housing, food stamps, title Ix, job training, human services etc. Yes his tax cuts created a deficit but like I said it created for 5 years the largest growth in the economy.
thelongshotplayer 1 year ago
@thelongshotplayer You forget Reagan raised taxes on Gas and FICa taxes....
mrgetrealpeople 8 months ago 3
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@mrgetrealpeople I left out FICA because that's a pet of the Dems and that had to be kept solvent for the long term. His other 2 tax increases were outpaced by a cumulative effect of several billion dollars in tax cuts. About 40 to 50 percent of tax payers were taking off the tax rolls and the gas tax increase had a negilible affect because of that and the other tax increase was to close several loopholes in the tax code that affected mainly higher incomes. Thanks for reminding me.
thelongshotplayer 8 months ago
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Trickle4321 5 months ago
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Trickle4321 5 months ago
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Trickle4321 5 months ago
total bullshit video,this kind of disinformation should be taken off the internet,no wonder the American public is so stupid!!!!
1)LOOK UP COMMODITIES FUTURES MODERNIZATION ACT!!!
2)FORECLOSURE PHIL GRAMM
3)GOP DEREGULATION BANKING
4)BUSH 2002 HOUSING SPEECH
nicenonya3 1 year ago 6
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@nicenonya3, hey before Reagan, Carter and the dems gave us a misery index of 25% and Reagans tax cuts gave unprecendented growth in gdp for 4 straight years
thelongshotplayer 1 year ago
@thelongshotplayer Ronnie Raygun took the national debt from 600 billion to 2.5 trillion, and gave us the Bush crime family that added 10 trillion more debt,three unfunded wars,$147 oil,and the second worldwide depression
nicenonya3 1 year ago 6
@nicenonya3 "...Ronnie Raygun took the national debt ..."
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Nice concise, factual and chronological summary ... keep it up.
Rare ... here !
Trickle4321 5 months ago
JUST DO A SEARCH RIGHT HERE ON YOUTUBE " GEORGE BUSH HOME OWNERSHIP." THE BUSH HANGOVER WILL ON LONG AFTER WE'ER ALL DEAD.
kingbacon 1 year ago 4
@kingbacon
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youtube [dot] com/watch?v=kNqQx7sjoS8
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"Even people with bad credit ... "
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2003-2007 ...
December 16, 2003, President George W. Bush signed - "American Dream Downpayment Initiative", which was aimed at helping approximately "40,000 families a year" with their down payment and closing costs .... = approx. 160,000 loans
KochFloundNation 5 months ago
Every economic crisis goes back to the Republicans.Hooverism.
kingbacon 1 year ago 3
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@kingbacon Has anyone ever told you how much of a dumbfuck you are? If so, let me proudly be the first. As a public service I will attempt to EDUCATE an ignoramus like YOU & deprive the democRATs of another dunderheaded douchebag voter.
America is suffering from 3 waves of statism. Until these 3 waves, all was reasonably well in our nation. The govt's size was small, productivity was excellent & inflation was low. The first wave was launched by FDR, the second by LBJ & the 3rd by Barak Obama.
Cokie907 1 year ago
@Cokie907 wow,talk about disinformation!!! LOl
nicenonya3 1 year ago 7
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@kingbacon In the 1st wave of statism, launched by Franklin Delano Madoff, we created social in-security, Fannie Mae & this led to Freddie Mac. All are bankrupt. In the 2nd wave, launched by Lyndon Baines Madoff, we created the Great Society (8 trillion bucks 2 destroy the black family) & Medicare. All are bankrupt or going bankrupt. In the 3rd wave of statism, launched by Barack Hussein Madoff, we created Obamacare and it will be the final nail in our financial coffin. Time 2 wake up bud!
Cokie907 1 year ago
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@Cokie907 Some people just don't get it. Before the democrats "Great Society" in 1964 when govt. spending was 5% (excluding defense spending) of GDP a factory worker and a housewife with a nice house and one car could pay for their daughters college and buy her a new chevorlet to commute. How many families c ould of done that in the '70s through today. They just don't get it. keep on telling it like it is..
thelongshotplayer 1 year ago
@thelongshotplayer You don't get it,before the wall street goons sent all our jobs to third world countries, and Ronnie Raygun gave huge tax breaks to the super rich ,this country was in pretty good shape!
nicenonya3 1 year ago 7
@Cokie907 if you had any facts you'd be dangerous!!
nicenonya3 1 year ago 7
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KochFloundNation 5 months ago
@kingbacon "...Every economic crisis goes back to the Republicans.Hooverism...."
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Pretty much identical de-taxation of the rich [as Reagan]; same results ... wealthy got extremely wealthier 90% are approaching 3rd world status [again] in social inequity and lack of social mobility.
Since the 1980's, 80% of all money has gone to the top 10% - and wages are not keeping up with inflation.
KochFloundNation 5 months ago
Remember the saying 'History repeats itself'? Remember the Great Depression? Look up facts on the Great Depression and tell me it doesn't sound like what's happening now. Remember the that we are in a war now? People tend to have short term memories so I thought I'd bring that up to remind people.
ahensley1000 1 year ago 5
@ahensley1000 "..Look up facts on the Great Depression and tell me it doesn't sound like what's happening now..."
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Yup ... Mellon Plan [1920's] almost identical de-taxation of the rich that Reagan did = same results !
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Ironically some of the same players: Koch family [tea party -'distraction'- funders], Steve Forbes [tax bullshit-er],
cont
21tikcah 5 months ago
Richard Mellon Scaife [who funded Watergate, Central American decimation, Clinton project; and a lot of the wrong-wing websites, now - grandson - sec. of treasury 1920-30; Mellon Plan].
J.P. Morgan, Goldman Sachs ...
And nobody connects the dots !
21tikcah 5 months ago
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ahensley1000 1 year ago
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funny how people are still stuck in that LEFT RIGHT THING..
JIMMY CARTER? SIR IF IT WAS SO BAD.. THEN WHY DIDN'T THE REPUBLICANS REPEAL IT?
stop it stop it now.. it's the banks against us.. the political parties are playing both sides of the field.. WAKE UP!
cds162 1 year ago
GOP idiots don't even know what a "recession" is.
Even had the housing market not crashed, a "recession" was on it's way. Even had the financial banks not faltered, a "recession" was on it's way.
There was an inflation bubble waiting to burst.
There was absolutely ZERO economic growth from 2001-2009. Coupled with the rising cost of fuel and the Bush/GOP tax/interest rate policies, inflation shot up like a bish.
Why do you think the gov't led by Bush/GOP invaded Iraq? Hint: stimulus
30lays 1 year ago
so true.. so true
masterod1 1 year ago
GOOGLE IT? Google blatantly misdirects searches to hide anti-socialist info, & articles that make Libs & 'Anointed One' look bad. I recommend Big Brother loving Google, be replaced with a more TRUTH friendly search engine. Google is a Anti-American, Anti-Capitalism, anti-Patriotic search engine. If I could figure how to take the D#@* engine off my search bars, and everything else I would.
Tracking & Spying on users, keeping info forever- DON'T give Google more advertising to hide the truth.
BCcappy 1 year ago 2
IS IT 2012 YET ???
smoothoiler 1 year ago
@smoothoiler I know right
KampferXeon 1 year ago
Fannie&Freddie have taken 150Billion from tax payers 20% of the entire bailout & are still asking for more,all in they are expected to ask for nearly $1 trillion from the treasury dept.That validates the majority of this video.The SEC along with Fan &Fred are not to be subjected to the Freedom of Information Act when the latest financial regulation reform was passed.Friends of OBAMA Raines$90Mill,Johnson$25mill Garelik$20Mill as CEOs of the company
Fan&Fred paid out $230mill in bonuses last yr
quinnrasta 1 year ago
The world started buying from the US and come here to vacation and shop because oil went up and that forced the US Dollar down which made our products cheaper especially in Europe.The housing crisis didn't cause this??? How many banks closed due to foreclosures?How many banks stopped lending after the sub-prime mess?This mess started with Jimmy Carter and exploded under Clinton after his admin put put pressure on banks. Fan & Fred have taken 150 Billion from tax payers 20% of the entire bail out
quinnrasta 1 year ago
This video has many lies & inconsistencies that I posted a response video where I dissected it. I provided the actual articles AND relevant facts. If you want to remain ignorant, don't research & assume what you see on youtube are facts. However, if you want to know the truth about ANYTHING, learn ECONOMICS. The mortgage "crisis" did not cause the US economic "crisis"; it is the lack of worlwide spending on US goods, possibly because of inflation due to accelerated increases in oil prices.
69erstud 1 year ago
The "De-Regulation" of the banking industry began under Reagan, which led to the banking excesses of the 80's... which culminated in the Savings and Loan scandals and subsequent "Bailout" in the early 90's. If you watch the time line in this video you will notice most of the damage starts to occur during the 1st term of G.W. Bush's administration. His speech to a HUD convention in 2002 laid out his plans to make housing affordable to minority homebuyers ushered in the "sub prime" meltdown.
Dogbonesmen 1 year ago
@Dogbonesmen THe problem we dont need MORE regulation, if you dont enforce the rules on the books what does it matter if you make more rules? This is the problem with our nation as of now, immigration, corporate CEO's, congressmen, no one is held accountable for their actions. Start throwing CEO’s and government officials in fail and you might see a change.
Albee213 1 year ago
I believe that the U.S. Government should start producing feature movies. Even a decent film nowadays gets over 100 million dollars, and when making dozens of films, that money really adds up! But it'll be a long shot to make 12 trillion!
ShortFingeredShreder 1 year ago
@ShortFingeredShreder Why do they need to make the films? That can just raise the taxes on the fil makers and take their "record profits". Maybe 50% taxes on all forms of entertainment! Its funny that there is less taxes on what we dont "need" than what we do need such as fuel and transpertation...
Albee213 1 year ago
youtube.com/watch?v=4gV_1rbOMWo&feature=fvw
BaitAndSwitchTV 1 year ago
Slick video, is your premise that derivatives are a sound banking practices? or is it that housing is overrated?
entropieregne 1 year ago
Don't believe this shit.Nobody was ever giving poor black folks with bad credit affirmative action houses.
youngdrodeau 1 year ago
Goggle GREEDY BANKERS with slit throats!
definemaybe 1 year ago
Are you referring to this?
v=u3CIpijPBg8
LoneOarman 1 year ago
All of you folks blaming the Democratic subprime mandate should remember that no bankers or conservatives were complaining as they collected $BILLIONS in sub-prime loan origination fees. There's plenty of blame on both sides. Take your partisan (brainwashed) politics on this matter and stickem where the sun don't shine.
w5cdt 1 year ago
maybe you missed the part where McCain and Bush tried to put a hold on and regulate the SPM industry... Yes there is plenty of blame to goo around but it's obvious who was in bed with this gravy train. Bush was humping the defense industry not the mortgage industry that brought housing prices to 50% and banking which just took a cool trillion off the people.
rachelabombdotcom 1 year ago
(Cough) Silverado Savings and Loan (Cough,) Cough)
tiedyedkarma 1 year ago
@w5cdt
Maybe you missed the part where Bill Clinton and janet Reno were going to march on banks failing to participate. So being GOOD business people they found a way to make money on it. It's not their fault you or anyone defaulted. They played with the hand dealt to them, Some lost their arses some made big bucks. That's life it is seldom fair. All the leftists are all against religions and big on science. I call this the perfect example of Darwinism only the strong survive.
phishdoggy2001 1 year ago
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what Chief Justice Roberts and his conservative Supreme Court majority have done is to overcome a century-old democratic tradition in the United States in granting a constitutional right to business corporations and to banks, (they are the ones with a lot of money), to use their enormous resources to not only participate in debates about public issues, but also, and above all, to de facto dictate the election of candidates of their choice to public office.
That's plutocracy, not democracy!
Marly61 2 years ago
@Marly61 You should actually read the decision. Obama was just plain wrong about it.
PissedFechtmeister 1 year ago
@PissedFechtmeister Good idea but I didnt rely on Obama in the first place. I have no idea what Obama's supporting reasons are.
Marly61 1 year ago
and finally....
"This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)"
Bush pushed minority homeownership for YEARS knowing it would not work in the end.
jensen1901 2 years ago
This started long before Bush was in office. I was a money broker while I was in college. Clinton put teeth into the CRI which really got the ball rolling on B and C loans. Everyone in the industry knew this would eventually become a problem. At that time it was viewed as a bunch of poor people getting in over their heads. The effective sale of that debt was not going on early in the process so nobody knew how much it would effect the overall market in the end. Clinton created the big problem.
shananagans5 2 years ago
yeah it wont work when your paying 1500 one mouth and next your paying 4000 give me a break wall street did this
macnob123 1 year ago
continued....
"I want to thank Franklin Raines, of Fannie Mae and Leland Brendsel of Freddie Mac. Thank you all for coming. Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. The single greatest barrier to first time homeownership is a high down payment.
jensen1901 2 years ago
@jensen1901 Is it really practical for EVERYBODY to own a home? I suggest NO based on a host of factors not the least of which is steady employment in a single location.
w5cdt 1 year ago
continued...
"
And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we've got to set a big goal for America, and focus our attention and resources on that goal. "
jensen1901 2 years ago
The mortgage meltdown was Bush's fault. From a Bush 2002 speech:
"Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we've got to focus the attention on this nation to address this."
jensen1901 2 years ago
This video is just like the government underlining only what they want you to see. All this happened under Bush. He is 100% at fault. Now Obama is not any better. It's disgusting.
rickrfe 2 years ago
It's fine to put families in homes. What are we all about anyhow? It used to be simple. The president worked on getting people in homes and getting jobs.
Now it's war and Wall Street. Gov could care less what happens to homeowners and jobs now.
Lenders were allowed to create securites out of loans which were graded A+ sold them to foreign Countries China.
rickrfe 2 years ago
maybe this will help. search....The Decline And Fall Of The Human Race.
flashrewind 2 years ago
Unscrupeless Sociopaths had done this to us. They all got a piece of the pie and we're now paying for it
Mardasee 2 years ago
Most of you need to do more research, and understand how banks make money, and which banks are making the money.
ShredMA 2 years ago
A Register analysis of more than 12 million subprime mortgages worth nearly $2 trillion shows that most of the lenders who made risky subprime loans were exempt from the Community Reinvestment Act. And many of the lenders covered by the law that did make subprime loans came late to that market after smaller, unregulated players showed there was money to be made
Nearly $3 of every $4 in subprime loans made from 2004 through 2007 came from lenders who were exempt from the law.
ShredMA 2 years ago
If your gay or straight doesnt matter Barney Frank and Nancy Pelosi and these other idiots are not on your side!!!
hondaspeed04 2 years ago
Transexual horse fucking pig sucking little boy touchers for Barney Frank!!!
palmtreedoc 2 years ago
my favorite part of this video is how it refers to wiki as if it is a credible source....
smdiddy 2 years ago
It doesn't matter, you can find the same information in other places.
Rightwingist 2 years ago
@smdiddy Wiki extensively cites it's sources. It's a very credible source.
PissedFechtmeister 1 year ago
The video is straightforward, truthful, and factual. Check its sources and you will see it is fact. This is debilitating to the liberal agenda because the video gathers the facts in 1 place so we can make sense of them. The censorship of facts and whole truth by the media has made this difficult, so Americans have to go the extra step to understand and act. Please get the facts and get involved.
Axial100 2 years ago
I have to say the video is very biased and misleading. The video mentioned the change under Clinton's reign, but nothing on time scale. Little subprime lending appeared until 2003!
The main reason for subprime crisis is not the CRPlan. The plan started in mid 70s but why no crisis merged until 2006?
If you say, it was a "mistake" for Mr Carter and Clinton to start the program, then why should our beloved GOP leader exhaust this program to its summit during 2002 and 2005?
leighg1959 2 years ago 2
Are you a fucking moron? Sub Prime lending has been around since the early 90's. We used to be able to charge up to 10 points on a loan (FRONT & BACK for a total of 20%). In the 90's it comprised of about 45% of the business. Get your facts straight you dumb fuck.
ZippyTheShowDog 2 years ago 2
HaHa, Obama caused the housing crisis?! Nice try.
leighg1959 2 years ago
This doesn't have a damn thing to do with Ba(d)rrak O(der)bama.
Rightwingist 2 years ago
OkCoolThanks
okcoolthanks 2 years ago
damn your really taking this battle to heart. commenting on the vidz. i do have a job bitch
smalltown 2 years ago
Did you learn something from this video?
I know it must be hard after smoking all those blunts but give it a shot.
Learning is fun.
LOL @ u.
MeLikeGoFast 2 years ago
The problem was GREED plain and simple, let people who live in old rundown neighborhoods take ownership? Well whats in it for me? Slum lords whitewashing rats nests and then helping buyers get fucked-up mortgages. GREED is killing this country, GREED
pk5787 2 years ago
Youre the idiot. What freedom have we lost? Where the hell have you been fool?
Cant you read? Maybe youre asleep? Ever heard of the Pass Act? I guess not. Ever heard of the Real ID act? I guess not. Do you like the freedom of privacy? YOU DONT HAVE ANY. What freedom have we lost? YOURE THE IDIOT. WAKE THE HELL UP. Who prints your money? Who got bailed out? THE BANKS, IDIOT.
gstuart01 2 years ago
This comment has received too many negative votes show
what a load right wing biased horseshit. the commodity futures modernization act crafted by the idiot republicons, making credit default swaps legal is at the root of the mess.
I've yet to hear one CREDIBLE economist blame the community reinvestment act which the banks didn't even comply with.
The only people I've heard this shit from are fascist right wing nut job propagandists.
orginunknown 2 years ago
Hahah, you're a retard, everything that was presented on this persons clip here was COMPLETELY ACCURATE.
This happens to be the most factual, non-opinion based clip on youtube.
You have to be downsyndrome or rediculously ignorant to think the bullshit you just said retard. Special Education might offer you a start turd
MrJoshtilley 2 years ago
This was biased as shit. again NOT ONE CREDIBLE economist has echoed this bullshit propaganda. Only rush limbaugh and his ditto/shit heads.
Republicans are the most mindless, unthinking morons around who believe any propaganda put out by the rnc an their mouthpiece propagandists. Morons like u make their job easy.
orginunknown 2 years ago
because Obama lunchboxes aren't propoganda!
MrJoshtilley even though we share the same views you are an idiot and give all conservatives (not republicans) a bad name...
dork4life785 2 years ago
The credit default swaps wouldnt have had a problem if the underlying loans werent bad.
I think you need to take an econ course too.
You also sound like a shit head.
MeLikeGoFast 2 years ago
The mortgage industry passed subprime loans without regard as to whether or not they'd be paid back cuz they were packaged into securities and sold on Wall street. This didn't happen UNTIL the republicons in congress made it legal. They never even complied with the community reinvestment act. If that were the case why didn't the housing industry tank in the 80's or 90's.
I think you need to do your homework
Try thinking for your self instead of letting glen beck do it for you. shit head.
orginunknown 2 years ago
No. The mortgage industry gave these loans because the government via fannie may said that these loans were RISKLESS. So much so that these loans only needed 2% captial to back them.
The video of Franklin Raynes and Maxine Waters are here on youtube.
Not to mention the CRA alterations by the Clinton admin FORCED banks to lend X anmount of dollars to low income and otherwise NON credit worthy individuals.
Watch BURNIND DOWN THE HOUSE. Maybe it will clear things up for you a bit.
MeLikeGoFast 2 years ago 2
Government is like a prostate, the more it grows, the more useless and painful it becomes.
HefeP 2 years ago 21
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CARMENAdderiy9765 2 years ago
Texas Seceed now while we still can. We want to keep our freedom as we have it now.
fhughey2005 2 years ago 2
welcome to the new world order
1kel40b 2 years ago 2
Restore the Republic! Take our freedom back! End the Fed! End the Fed! End the Fed!
gstuart01 2 years ago 2
take our freedom back? what freedom have you lost? you're an idiot.
orginunknown 2 years ago
Man, you're one stupid shit if you think your freedoms arent in jeopardy.
I bet you sit in your daddies 1million$ mansion watching life through your 90 inch flat screen, eating your TV dinners like a shmuck. Go get your public education, and let me hear you say that the government controlled education in your country isnt oppression at its best
MrJoshtilley 2 years ago
People who live in million dollar mansions and watch 90 inch flat screens are all Republicans because they don't want to pay taxes, you moron. The problem wasn't bad loans, it was allowing banks to hide the bad debt and sell it to someone else. Oh no, we can't regulate banks can we? The free markets solve everything. Phil Gramm was more responsible than Chris Dodd. All this blame the democrats crap plays really well on AM radio, which is where you continue to spend your time., ditto head.
samsjmail 2 years ago
Take an econ course.
You sound like a shit head.
MeLikeGoFast 2 years ago
You've been watching glenn beck and sean hanity too much.
You didnt name one fucking freedom thats in jeopardy. NAME ONE ASSWIPE. And don't give me this gun shit too cuz you'll still be able to have your gun you dumb fucking hillbilly.
what the hell does public education have to do with this? maybe we should all pay for basic education like mexico so only the rich are educated, then the poor here can migrate to different countries to find work. brilliant.
Stupid fuck
orginunknown 2 years ago
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ilnigk 2 years ago 5
The rapid rise of Subprime. Subprime mortgage securitizations went from a small segment of the mortgage market to a dominant one around 20% of all mortgage securitizations by 2006.
john777316 2 years ago
Between 2003-2006 Wall Street investment bankers funded mortgage lenders in the subprime market to the tune of 70% percent of the loans. When the loans started to default at an alarming rate the investment bankers called their buddy Hank Paulson to rescue them by using the GSEs to back the refinance of troubled mortgages. Bush and Paulson raised the cap on the GSE portfolios in 2008 to fund rescue plans at taxpayer risk.
john777316 2 years ago
rebjiii. Are you kidding. This was a gold mine for citibank. All the government had to do was buy up the bad loans like they promised (about 350 billion) and this crisis would have been over. And the CRA has been around since JImmy Carter. And then Clintons last act was to have CRA portfolios doubled. So from 2000 on is when all these bad loans were made. The government just needs to get the fuck out of the way. The GREAT depression is coming soon!
OldSouthernSoldier 2 years ago
The word union doesnt scare this administration. They were put in power by the unions. Big money does control the government. Big money from the banks, the unions, Fannie Mae, and the media moguls. I look around and see most of them as democrats. Its just funny to me how the democrat states are the broke states. California, Michigan, New York.. And thats fine with me, but dont ask for my money to bail you out. Oh wait, they didnt even ask, they just took it.
OldSouthernSoldier 2 years ago
Go to the frontline PBS website and check out the video (Ten Trillion and Counting & inside the Meltdown) it is a good non partisan look at how we got in to this economic hole. Let me know what you think
FluxCapacitor2008 2 years ago
The depression is right around the corner. There is plenty of blame to go around. Anyone who thinks it was just the republicans, or just the democrats is delussional. It's time to get rid of all of them and get some people who care about the country and not their pocketbook in there. They play us against each other and keep us divided. WE can vote 1/3 of them out of office in 2010 and another 1/3 out in 2012. Stop playing THEIR game.
OldSouthernSoldier 2 years ago
Old Southern Soldier You are so right, the ultra rich Washington power base (i.e. lobbyists) know how to play the people like a fiddle. Big money controls the government. Until we can come together in some way and have some undivided voting power we the people will have no pushback against their money. That is why I think they are fighting so hard against unions. The word UNION scares the hell out of them because its the opposite of divided.
FluxCapacitor2008 2 years ago
Sooner or later all of us we will recollect it as a bad dream!
NavyForceVideo 2 years ago
Two busty prnstars and a strap-on - _AHOTTUBE(.)COM_
nziajw 2 years ago
told if you say
bloody mary three times in the dark in a bathroom you die.
So he tried it he was found dead a hour later in the bathroom. Post on 5 other videos or die
barkerfreak1 2 years ago
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lstrylba 2 years ago 4
Your video is based on some facts but are the usual streatches of the truth, Obama was an attorney doing his job, Fannie Mae is aways going to give more to Dems, because the GOP has wanted to shut them down since day one. Finally you forgot the real cause was "default swaps" and deregulation, which in effect doubled the risk. The housing bubble, was in rich neighborhoods too, The problem was bad enough, but companies like AIG, and GOP deregulation made it a credit crisis.
mblight68 2 years ago
I agree. You are only showing the "facts" that support your thoughts on the meltdown.
massdrewski 2 years ago
Well do you ever wonder why the GOP wanted to shut them down?
LOL
Dergulation was not the issue in this case. While it did magnify the problem the real issue was the bad mortgage which were FORCED upon banks by fannie, Franklin Raynes, and the democrat party.
MeLikeGoFast 2 years ago
Did Britain have an equivalent Act, if so what was it called?
Haven't had much luck so far, thanks to anyone that can help.
coltrane1966 2 years ago
Great vid, only thing that can be arguable is much of the info is pulled from wikipedia, which is by no means credible. So...everyone do your own research and you will realize that all this IS true!! Great vid
gbogart100 2 years ago 3
I make 85k a year, and i bought a house for 360k. Lots of my coworkers that make the same as i do, bought a house for 600k and now they are getting a baill out from our Gov. Breaks my heart, because im an Iranian and those coworkers of mine are Black, i can get a baill out also but i wont. Because im a Responsible American.
zyou8er 2 years ago
wow, i didnt knowm uch of this, but dont blame it all on democrats, there are democrats who dont screw shit up. like jimmy carter. he kicked ass
xTheFridge72x 2 years ago
Jimmy Carter was one of the WORST presedents of all time he blamed EVERYTHING that went wrong in his administration on the people so he sucks ass
LinkHimora 2 years ago 12
look at the facts: in jimmy carters administration there was:
A gas shortage,
A horrible economic situation,
not to mention more crap.
Although not by much, he did increase the number of jobs and the energy production, and he did slightly decrease the national debt.
Ill give you this, he did screw up on the hostage crisis. When i said he was a good president, i meant that because he tried. As a president, he was so-so, i see that, but as a man, and a liberator, he is astonishing.
xTheFridge72x 2 years ago 2
@LinkHimora when Carter left office the national debt was around 600 billion,when Ronnie Raygun left it was about 2.5 TRILLION and the Bush crime family added the next 10TRILLION
nicenonya3 1 year ago
Get off of youtube and post your videos on a new site
Rys2sense 2 years ago
I saw this coming from the start! In 2002 when I found a great job. 16.90hr to start....I said to my self IM going to save......Couple years later 05' I was making 21.25 hr.......29 thousand cash saved! Homes were 700,000 ??? Something is wrong here! My parents bought a home in 1970 for 70 grand and 20 years later home was worth 130 that was in 02' and 2007 was worth 980,000.00 I kept telling all my friends this shi! pricing on homes isn't right! How can it cost 500% in 5 yrs think about it guys
wazupunk5 2 years ago
This has been flagged as spam show
wants to inflates them RETURN TO THE LAND try to eat for free there's enough ressources for everybody .UNIVERSAL HEALTH CARE SYSTEM IS A NECESSITY so is our right to information and to own a home, .We have work and studies to do. BRING BACK OUR TROOPS NOW.THEY WILL PROTECT U.S. AGAINST THE GOUVERNEMENT THAT RUINED THAT ONCE GREAT INDUSTRIAL POWER. LETS GET THE TRAITORS AND THE THIEFS OUT OF THIS COUNTRY.STICK TO THE CONSTITUTION of our founding fathers and breed
teutares 2 years ago
Well you dumb asses, you wanted this Kenyan Muslim, Marxist Communist to run the country... Now you got 'em and he's running the country...RIGHT DOWN THE DRAIN
Happy Now?
H O P E you enjoy it, it's too late to
C H A N G E now!
TonyPonyTube 2 years ago
he is in office less than 50 days.... can you save the economy in 50 days? or lets look at what bush could do in 50 days in office..... that wasn't a lot either
robinvan1983 2 years ago