Political Vlog: The Financial Reform Explained!! Commentary~

[JamesTCA]

Thanks for the video, chopstick.

[TheHarryDwyerSociety]

Great video. I am not american nor do i live in america but finding out what derivatives were was interesting.

[nubnukka]

hey i was wondering if you have any solutions to the problems or do you just explain what the problems are?

[niguhfag]

RESEARCH!!! Easier said than done. SERCH SERCH SERCH only to get enlightened for like a minute and find out what you discovered is worthless.

[niguhfag]

@niguhfag Not saying people shouldn't do any research though. Good video bye the way.

[samuils]

There are already too many regulations. Regulations are nothing more than a bandage on a broken leg. Go to the root of the problem.  All bank deposits are insured by the government <<<<<-- One of the huge problems. Basically what this does to give an example, is like you having to go to Vegas, gamble lose your money, and then government giving it all back. If there was no FDIC, banks would not loan to incredibly risky investors to start with.

[ZimboJambo]

derivatives as a whole did not cause the financial melt down nor did it cause the crisis with AIG. It was the securitization of debt that gave incentives for commercial banks to give out sub-prime mortgages.. basically creating investment vehicles in the form of property. problem was owners of the property couldn't afford them

While morgage backed assets technically are derivatives, it usually associated with things like options, futures contracts, forward contracts, ect.

[MandZvevo]

your videos are awesome

[Secretsofsociety]

entertaining and informative. You forgot to mention that they raised the reserve ratios which is why every who has a credit card is having their limits cut right now.

[Issiahsingsforyou]

Great job explaining derivatives!! I wasn't sure exactly what that meant, but now that I know, we definitely need to get a handle on this.

[Hilwadd]

You forgot to mention that the government now has the ability to track your credit card and bank account, or that freddie and frannie can take out bailout money anytime they want. We have now entered socialism.

[Uwiluz60]

Great video..Corruption crosses all lines..I believe term limit of 1 term of 5 years and the death of the electoral collage is needed...Right now with the electoral collage, it is their safeguard to never allow a real chance of a 3rd party that may actually be for the working class (Middleclass)..We have two parties of candidates that never leave and have never worked a real day in their lives..Elitist and narcissistic lying lairs that you have to pick from the best of the two. Illinois Politics

[Thill029]

The only reason AIG couldn't pay boby is because AIG was counting on government bail out money to cover their losses. Without government intervention (bail outs in specific), this whole derivatives mess never would have happened.

A derivatives market is perfectly legitimate, it's government interference that makes it damaging.

[trajan74]

Too bad Barney Frank cut the balls off this bill and Dodd took its teeth.

The banks can still employ the ratings agencies and shareholders weren't given a say in executive compensation.

[MustacheVerra]

I thought i wrote something here already.

Anyway, it was very interesting.

Cheers.

[chunchildchunchild]

Are Yew Mad?!?! :O sounded british xD

[bridgerwild]

Think I'd r\ather go with regulation, even "too much (?)" for the present

[believersunderground]

sent vids. from my back up channel called the WARNING PBS. OTC $595 T. / 6.7 B people = over $88,800 per man woman and child on the planet. ITS a con! gold pool 70's S&L 80's Enron 90's Farm's Housing HFT. when are ppl going to wake up. The money is worthless. it was all stolen from them. welcome to lie of wall st. great vid. Love Scott (BUG)

[actionadventures]

I like your style ; )

[CoinTreeMLM]

Notice they are not interested in reinstating the Glass Steagall Act. They're not interested in doing anything to actually fix the problem because Goldman Sachs owns Obama and the Whitehouse. Notice Kagan has major connections to Goldman Sachs...now they'll own every section of our government. Also do a Google search for 'biggest Obama contributor', you'll find Goldman Sachs is #2.

GREAT vid. Smart and Entertaining, The Coin Tree MLM

[phantomcharger]

You got it all wrong This was a long time in coming, and the fed is using a crises they created to seize more control

When you have is a country that buys way more then it sells, they are doomed. And all the regulation in the world won’t change that. Maybe you should look at the politicians that pass laws that make banks loan money to people that can’t afford to pay it back? Or how about the people that borrow the money in the first place.… no, you look at the insurance on the loans

[CorpseBride64]

Ummm, is it a coincidence that the cheerio is circular, therefore making sure that the problems spin round, and round in a never-ending tangle of oats... I think NOT!!

[Deeked]

I agree with you bro. Very good break down.

Thanks so much. 

[frogsoda]

Dude You are just annoying.

[commando7144]

audit the fed! and deregulation can be a mess like the bp spill. great vid!!

[grandysfunction]

Where's the part about GREED! When is enough,well, really enough? NEVER for the people who partake in this nonsense. So who's stuck holding the proverbial shit-stick? We are baby!...oh yeah, and the next generation or two or three or......

[bsabruzzo]

I'm looking at your ezample and it looks like Jimmy should sue Bobby. Bobby should sue AIG. The government doesn't need to get involved because laws cover fraud and theft. Maybe you made it too simple.

I know three things: 1) real estate crashed because of bad gov't regulations; 2) Freddie and Fannie were neck deep in these and they are getting more money to keep going; 3) Mega bills like this hold hidden traps and we need to find them and clean up the bill before it passes.

[POPARTPRODUCTlONS]

Excellent video! Great explainations and mataphors! Plus very funny! Keep up the great stuff! Pops

[PowerplayoneTV]

Great Job! Great Video!!!

[PowerplayoneTV]

Great Job!! Great Site!!!

[goduberpwns]

Very good, I'll watch this again and again so I can comprehend it all. hahaha

[streetmoney21]

Great video!

[TheAwesomazing]

i love your videos because i hate politics mostly because i dont feel like taking the time to understand them and theres always more and more you have to follow and im like bleeeehhhhh lol but your videos are so easy to understand and they are super helpful! so thanks! <3

[anyusmoon1]

@TheAwesomazing You are deliberately discouraged from wanting to understand politics because if you did understand politics you would see that the politicians, their pundits, lobbyists, special interests, media and PAYMASTERS (the federal reserve) truly own/control those very politicians and everything they do is destructive to the constitution (the law) and screws you and your progeny.

Sadly this dumbed down state was brought to you by republicans/democrats and their sponsors (or fascism).

[themagicofcoupons]

enjoyed your video.

[stubbornVN]

The trouble with women is the legs keep going somewhere, its an eternal mystery for men to stare at all day long. The mileage, the fine tuning, these things just keep going around and around.

[MrPoliticsGeek]

@stubbornVN hahaha^^

priceless.

[nvrlndrckr]

great video!! really helps the "average american" understand everything that's going on-in an awesome, fun way of course =) my friend in econ started to explain derivatives but your cheerios explanation got my questions answered-thanks and keep posting!!

[MrPoliticsGeek]

@nvrlndrckr that's the idea! i think anyone can do perhaps 30 minutes of research everyday on the web for a week, and they'd have a rudimentary grasp of any relevant topiccc~~ thanks for the encouragement!

[CelticDragon026]

I enjoy your vids -- keep it up

[lemontree357]

Thanks for explaining, that was actually pretty helpful!! You should keep doing videos!!

[was91355]

Keep up the good work Mr. Politics Geek. Even mainstream media can't entertain and inform at the same time, lol... They all have their heads up their ARSES!

[was91355]

@ Mr. Politics Geek, I think my implication was that the U.S.D. will not survive this financial fiasco, because there's just to many shell games being played by the Banksters like AIG, GOLDMAN SACHS, MERYL LYNCH etc.

They created the financial meltdown because it was profitable for them to do so. Where is it written that corruption should be rewarded? I was always under the belief that thrift, hard work and honesty were the keys to success at no one else's expense? see; "GLASS STEAGALL ACT."

[sylvanenergy]

whats your take on socialized systems and gov corporations that can be raped for all of their profits by the political party elected for who knows what purpose.

[sylvanenergy]

Where is your sister? I bet she is the driving force behind you.

[jzumbro19]

just proves that this sorry excuse for a majority of congress needs to get booted out. i just want the government out of debt not increasing debt but saidly the obama administration doesnt seem to understand what debt really is....great video! still jealous on your high tech videos lol

[Steve83B]

I like your enthusiasm and style.

But this explanation is completely wrong.

[jonr7007]

The explanation could have been a little clearer. However, you didn't say anything of the bill as it currently stands. Right now we're heading directly in the direction of another recession/depression in I'd say the next five years tops.

[MarijuanaCommunity]

talk about marijuana and check out my videos:)

[AtheistCole]

@Mrpoliticsgeek  Hit the transcribe audio button for serious lol's

[BrandonToddCarr]

Awesome man! Great video! Now I want some Cheerios! :D

[goptwothemax]

Remember me man when you hit it big.

Now dont get to big fer yah brichis ha ha ha.

[cankorgbr]

the financial crisis was not brought about by a lack of regulation. the crisis was brought about by government/central bank intervention into the market. artifically low interest rates lead to malinvestment and eventual liquidation of bad debt. the lack of financial regulation made it worse, but was not the central cause. research austrian business cycle theory. great video though, enjoyed.

[flowerchild1994]

I wish I could give some sort of insight on this whole problem, but you pretty much wrapped it up. Great job :)

[RAMKING61]

Another part of the scheme is that derivatives use 'mark to model' accounting(sometimes called 'mark to myth') instead of 'mark to market' accounting. 'Mark to model' was taken from the Enron playbook and uses liberal approximations and assumptions(bullsh*t) instead of the true value of assets.

[EdwardTaft1]

Great job. Would love to see you do something on Israel's raid on the aid flotilla but i am not sure if that is your thing.  Best Regards

[fret2424]

I called AIG to see if they would take a side bet on whether or not I'd make my rent payment.......I guess it only works with other people's money?

[LSRochon]

Great Video....we are the next Generation of information......screw Corporate NEWS.

RESEARCH!RESEARCH!RESEARCH!

[MrPoliticsGeek]

@LSRochon lol, haha...RESEARCHHHH

[rjpancerniCAUSA]

You can 'cram' the reform bill. After the market crash in the thirties, laws were put in place to prevent the market from crashing.

Lawmakers were bribed to change the existing laws.

You you neglect to mention that the people who invented derivatives are the same people writing the, so called, 'reform'.

These people have 'rigged' the procedures to insure that 'they' make a profit regardless of the direction of the market.

Great explanation of derivatives. (really).

[MrPoliticsGeek]

@rjpancerniCAUSA it is rather ridiculous how much lobbyists of the ppl who are responsible for the meltdown are spending to get their say in the bill...but i guess that's just the way the system works...:\

but thankss, i think information is possibly the only feasible weapon average Americans have against a system lik dattt

[rjpancerniCAUSA]

@MrPoliticsGeek I disagree with the word 'ridiculous'. These same people are (or want to) manipulate the 'global market'. To them, the U.S. 'one of many'. These people have no patriotism. They know exactly what they want.

[mayragrumpy316]

Very interesting....Great video

[TheAtheistAllegiance]

I think a key problem is Naked Credit Default Swaps, which comprises around 80% of the entire CDS market. Because Bobby doesn't have any hand in Jimmy's Cheerio investment, he could make out well if Real Estate Co. busts. Bobby might bet short with a futures derivative and profit if Real Estate fails, which has a greater chance if numerous trader's are betting short.

With the way everyone in the financial sector has a hand in "risk diversification", there is huge systemic risk.

Great video.

[MrPoliticsGeek]

@TheAtheistAllegiance

hey thanks for that insighttt!

the fact that ppl r betting for the economy (elements of it) to fail is rather disturbing (altho quite understandable)

but when everyone is waiting for that big drop in the stock game...:\ there's a fundamental problem w/ that...

[AliveinKC]

Now I want some cheerios...Nice vid. (subbed, btw)

[bballer98rdp]

Amazing video! Very well done! looking forward to the next one. I'll see ya at the benefit concert tonight =)

[TheRetiredtrucker]

Great vid

[was91355]

@ Mr. GEEK, Ahh... Derivatives, my favorite subject, don't sell derivatives because their selling what doesn't exist! Or making loans on money which doesn't exist, your basically selling Cherrios which you don't have!

For example our own government is involved with derivatives, which it should not be, the Federal Reserve is selling a form of derivatives such as the U.S. Dollar, the loaning of funds which it promises to pay back with money it doesn't have.

[MrPoliticsGeek]

@was91355 heyyy, 1st commmentttttt of the vid~~

but were u serious about not using the U.S. dollar...?