Cause of Stock Market Crash? Credit Default Swap Scandal

[cat1012000]

great post friend... the reason why this is allowed is R federal govmt "pre-empted" state bucket laws that prevented this type of "gambling" to occur...

[bearstearn3]

credit rating does get cut when stock prices go down moron, its the other way around.

also your theory about hedge funds and financial institutions seling credit protection and then recouping profit later doesnt make sense. why the fuck would they sell CDS purposely when they are trying to purposely cause the system to meltdown. only a dumbass would sell it and the geniuses would buy it (ie aig dumbasses sell hundreds of billions in CDS and the geniuses at goldman sachs buys it).

[soupie187]

great video! , You explain it much better then i would have done.

pretty much what happen only now your hearing about it. The global corruption

5/5 stars

[therealcaptobvious]

Wall St. may not be worth $60 trillion, there's not enough collateral to cover that. The entire subprime market is worth"$300 trillion"---no that's not even possible. according to the World's PPP is only $70 trillion.(see CIA world factbook).

Yes our government IS the problem. They should be in jail for being accomplices to the crime along with the bankers.

[oahnmacleod]

Sir, I could take you more serious if you weren't dressed up like you were going door to door for Jehovah and preaching from that angle with a light behind your head.

Adjust your camera and lighting, then we'll talk.

PS - This is old new news in some circles. I was talking about derrivitves to people back in 2001 before anyone knew what they were, got out of the housing market at the peak in 2005 and invested heavily in Silver @ $8/oz. so, I do respect the message you are sending.

[lushfauna]

Great vid Alex!

[JamesTCA]

So, it's one more jewish scam. google "culture of critique preface".

[cmegroup23]

Wearing a tie in your kitchen?? Mini Wallstreet insider lol....

[cmegroup23]

Wallstreet is selling to banks??? Wallstreet is composed of banks buddie.

[biped19]

Shills are coming out of the woodwork. Guess what twats, don't bother. Go back into your rat hole. You have been outed.

[isaacnd200]

Thank you, your blog is great man, I just wish I could get more people to read it.

[alexhiggins732]

@isaacnd200 Thanx. I appreciate the support!

[innerspaceexplorer]

I think you're honest, have a brain and a big heart. Take a job in the public sector and go from there. If I lived in NJ, I would vote for you. People need someone with your special gifts looking out for their freedoms. Keep up the good work.

[jpkm123]

There is nothing illegal about selling CDS on the CDO's or any other credit

[therealcaptobvious]

@jpkm123

fraud is illegal. insider trading and market manipulation is illegal.

[meagain2222]

these insurance policys are called derivative

are they not?

How do you know all this stuff?

[TABOOVSKNOWLEDGE]

Babies, are born with the instinct to know what's up with Wall St. today, it's so obvious!

[21hills]

Excellent video, well done. Where do you see "mainstreet" and its people in a year's time? What are you doing to prepare if at all? Thanx.

[cuff1944]

Brilliant video, great explanation

[Arkanon89]

The government has been robbing us blind ever since we created the federal reserve.

[michaelicu]

What amazes me, is the how incredibly stupid most americans are, and the ones that are not stupid are just plain scared. How I wish Jesus would weed his garden and save us from the insane group of capitalist's

(ANTI CHRIST )that are taking over the world.

Please remember Jesus foretold one world government and the mark of the beast 2000 years ago. for it is the number of man 666, was the riddle. and no one can buy or sell anything unless they have his mark on thier forehead or back of hand.

[blokeatone]

hey Alex, your onto it, you might wan't to investigate history

on lloyds bank in england and lloyds insurance and on selling

of risk. you may find origins not on wall street but on the other side of atlantic it may be a little bigger than you think.

[Zottl1234]

Don´t forget that the rating company´s are privat (involved) too.

So first bet on depending rate than drop the rating on purpose than got the cash

wall street milking