Inside Story - The US financial crisis - 21 Sep 08 - Part 2

[MrEnergyCzar]

Markets don't create value or wealth for society, they just move it around.....

[misspomerol]

Do these aljazeera English statements actually make it to the muslim public, probably not ???? Aljazeera clearly has separate broadcasts for it's muslim and global audience. Is the fed a force that is too big, YES. Unfortunately, what FRD did in the 1940's un-doable now. He created the FED .

[YahshuaLovesMe]

I am not to blame, here. The greedy ruin everything for the honest! When the banks were allowed to go into the money speculation business, in 1998 by Pres. Clinton (a Rhodes scholar by the way), it created the same scenario that caused the Great Depression, BUT now with Big Med running wild with Greed and Extortion of American, it is even worse. It all works for the Internationalists who want their One World Gov, ultimately. Who's to save us? Well, heh... GUESS!

[homer30]

when a bank loans mortgage to a person, it doesn't know if that person can afford it or not. Only that person knows if he/she can afford it. By looking and studying his income trends and spending he'll have a grasp of whether he can afford to buy a house or not.

[gearzone2611]

This was the caused of the Housing Bubbles.(Sub-prime loan). It happened because the FED allowed cheap money. Obviously the FED created an enormous amount of worthless money(Funny-Money) (Cheap-Money) Not money btw! With this, they can control an economy! When some sort of element controlling an economy. The truth is painful. Because not a single element can control the very true nature of economy. Which is I called the Natural Mechanism of Economy! So thats why US had a Housing Bubbles!

[allgoo19]

If you live long enough, you'll see this over and over. Regulation, de-regulation, crisis then regulation, de-regulation and crisis.

One of the guest said it right, the problem is "us". We keep sending the politicians to the congress who yield to the pressure from the business(lobbying) to de-regulate the industry.

We haven't heard from so called conservative economists lately, have we? Small government? It sounds like a joke now, until next economic boom coming along anyway.

[samdonuge]

john bogle!!!

[aceman008]

Y.T.J.!

[aceman008]

This is a punishment by God toward the Anglo saxson nations for their disobedience to Him.Repent America!

[javialpalo]

american must pay for what they`ve done to the whole world.

[mrshutter77]

And that Goldstein bastard himself proffitted from al of this too!

[mrshutter77]

These panelist are promoting a political ideology too, but at least the reporting has been better, but they have the same lame optimistic outlook , and what htey don't mention is how the US forced other ocuntries to have thier economies connect to their so that they can feel the pinch too. Good thing Chavez pulled out all of venezuelas funds from the US we not feelign the pinch like the rest of the world.

[OKcyborg]

wow, this discussion helped me understand this issue more than any other news program has. its really very refreshing to see a panel sit down and discuss without interuptions and loads of commercial breaks and panelists trying to promote their political ideology.

[appatel]

Much Much Much BETTER than Corporate run American media.

[ballaamir]

Excellent, Excellent program..... Truly attacking the heart of our current global financhial crisis. Superb guests of respect and well spokeness and an excellent host!..... My personal belief as to who is at fault,?, it is the greedy Lehmans, Rothschilds, and others in the world whom played a system that they created and gained contorl of everything while we lost is all.

[uptheconstitution]

They have small heads, though; they don't see the big picture. Good commentary on the direct picture.

Big picture: Worst case scenario is dissolution of the U.S.A. Best case Congress wakes up, refuses to pass Paulson's Plan, logical restructuring of financial system, we survive as a people.

[gearzone2611]

The Private International Bankers! They're the ones controlling the Economy. Since its impossible to make money with real money. Why not a tangible papers? That might work to fool everybody. That such papers are real money! Dats why Andrew Jackson an American President, destroyed the 2nd US Bank by vetoing the charter! Dats why if it comes to monetary system, let the government run the system through Congress to issue currency! A nation should not have a Central Bank - it can easily manipulated!

[opAir01]

it all come down to GREED ...

short term gain long term difficulties ...

[ATPADPenergy]

Bailout ! A free market only when it's convenient eh !

[dankeewolnir4042]

slavery

[neotoy]

There's no surprises here.. the entire modern financial system is one massive collective delusion designed to generate artificial wealth for an extreme minority of elites; while systematically exploiting everyone and everything else into poverty, ruin, and overall abject wretchedness. Human nature at its finest.

[destroyerdk2008]

Wow, I couldn't have said that better myself, my friend! ^^ Nice word play...

[destroyerdk2008]

When it stops working for them, watch how fast they crack out the guns and tanks, and change the rules all over again.

haha!

[virginlampoil]

Interesting that the next failure may have been Goldman Sachs, the firm Hank Paulson was the CEO of.

Wonder how many friends he has there? and how responstible he still feels about keeping the firm intact?

[GrahamAndFriends]

the bottom line is that the banks gave out home loans to ppl who should not have qualified for them. The rest is smoke and mirrors.

[luciodelgado]

Interesting views!