Very superficial and ideologically colored analysis of the causes of the financial meltdown. His central mistake is that he believes that the private banking sector (or rather the big banks and other major financial institution), the government and the federal reserve are distinct entities, that are interacting with each other in accordance with official procedure. Consequently he limits himself to talking points like big gov, regs etc, without ever coming close to the real issues.
@Yous111111 So, you seem to be saying they weren't acting under official procedures, and that would be why that's an error to assume government failed here? Whether the procedures were official or not doesn't change the fact they were government problems which is his initial claim. What is the point of your criticism?
This is by far the most comprehensive explanation of just what the hell is going on in our financial and housing markets, as well as our government's tinkering with them.
Love this guy and only 4 minutes in
Kblues80 2 months ago
Very superficial and ideologically colored analysis of the causes of the financial meltdown. His central mistake is that he believes that the private banking sector (or rather the big banks and other major financial institution), the government and the federal reserve are distinct entities, that are interacting with each other in accordance with official procedure. Consequently he limits himself to talking points like big gov, regs etc, without ever coming close to the real issues.
Yous111111 4 months ago
@Yous111111 What solutions do you have to offer?
MagisterPridgen 4 months ago
@Yous111111 So, you seem to be saying they weren't acting under official procedures, and that would be why that's an error to assume government failed here? Whether the procedures were official or not doesn't change the fact they were government problems which is his initial claim. What is the point of your criticism?
ExquisiteDoom 2 months ago
This is by far the most comprehensive explanation of just what the hell is going on in our financial and housing markets, as well as our government's tinkering with them.
Bergertim 4 months ago
Brilliant analysis.
TheBrendanxyz 4 months ago
Truth will always set you free. The Fed is at the center of this current crisis & they're also to blame for it.
Mr allison is another patriot who has come forward to tell people of this, thankyou sir.
wellingtonian 4 months ago
I found this difficult to masterbate too.
erushbass 4 months ago
This was one of the most inspiring, insightful and powerful speeches I've ever heard. John Allison is a name I will never forget.
Kame6000 4 months ago
@Kame6000 peter schiff is someone who talks abut the same thing check him out
AntixSchiTTxreport 4 months ago
@AntixSchiTTxreport I'm a huge fan of Schiff too, this is one of my favourite Youtube channels
Kame6000 4 months ago 3
@Kame6000 , if you like this, then look at this from Peter Schiff:
2006: watch?v=jj8rMwdQf6k
2009: watch?v=EgMclXX5msc
2011: watch?v=Q6DRXk9Ufv4
Peter is a legend
Bosniake 4 months ago
"Life is about creating win-win relationships" I LOVE that!
jazun33 4 months ago 4
This seriously turned me on.
longlivecrow 4 months ago