Guys this is a great idea. Not many people have been able to understand the current global financial meltdown and especially the US sub prime mortgage problem. Please get somebody to illustrate this better and slow it down so we can read it. There have to be millions of people who would want a simple pictoral explanation.
If you're going to steal my original work at least leave the promo for my site on there... come on nick, I'm happy to share but gimme a break man, stealing my original stiff and calling it your own... pathetic
When REPUBLICAN US TREASURY SECRETARY Henry M. Paulson, Jr. trotted out his latest "PROPOSAL" to put in place "MORE WALL STREET DEREGULATION" (right after the BEAR-STERNS FIASCO), the Leaders of the REPUBLICAN PARTY went to talk to him... to SHUT IT OFF, because they feared this would FURTHER DAMAGE THE REPUBLICAN PARTY, as the "SUB-PRIME MORTGAGE" FIASCO and DEREGULATION had happened on their watch!!
The 262-page CFMA was completely written by WALL STREET LAWYERS with NO INPUT and NO DEBATE from Congress... and PHIL GRAMM got it turned into US LAW!!
Nobody in Congress even knew what was in it, let alone it was going to cause the "SUB-PRIME MORTGAGE CRISIS".
THANK YOU PHIL GRAMM and the REPUBLICAN PARTY for giving the US TAXPAYER a $30 BILLION BEAR-STERNS DEBT... and MORE COMING!!
Former Texas REPUBLICAN US Senator PHIL GRAMM created and inserted into the 11,000-page FY2000 OMNIBUS Bill on December 21, 2000, with NO DEBATE just before Chrismas Holiday when noone was there, CFMA ("COMMODITIES FUTURES MODERNIZATION Act"), which completely deregulated (as in ZERO)
"COMPLEX DERIVATIVES"
(of which "Sub_Prime Mortgage Backed Securities", the cause of the current "SUB-PRIME MORTGAGE CRISIS" is just ONE type).
PHIL GRAMM is JOHN McCAIN's Senior Economic Advisor today!!
You never really learn how to swear until you learn how to drive.
For Subprime mortgage, We have a pile of fact that must learn from this statement.
flowewritharoma 1 year ago
Guys this is a great idea. Not many people have been able to understand the current global financial meltdown and especially the US sub prime mortgage problem. Please get somebody to illustrate this better and slow it down so we can read it. There have to be millions of people who would want a simple pictoral explanation.
slapitman 3 years ago
I cant read it
baleeted50 3 years ago
hey nick dun steal green's stuff.
CokaColda 3 years ago
If you're going to steal my original work at least leave the promo for my site on there... come on nick, I'm happy to share but gimme a break man, stealing my original stiff and calling it your own... pathetic
MisterGreen777 3 years ago 3
When REPUBLICAN US TREASURY SECRETARY Henry M. Paulson, Jr. trotted out his latest "PROPOSAL" to put in place "MORE WALL STREET DEREGULATION" (right after the BEAR-STERNS FIASCO), the Leaders of the REPUBLICAN PARTY went to talk to him... to SHUT IT OFF, because they feared this would FURTHER DAMAGE THE REPUBLICAN PARTY, as the "SUB-PRIME MORTGAGE" FIASCO and DEREGULATION had happened on their watch!!
AsianAmerican68 3 years ago
The 262-page CFMA was completely written by WALL STREET LAWYERS with NO INPUT and NO DEBATE from Congress... and PHIL GRAMM got it turned into US LAW!!
Nobody in Congress even knew what was in it, let alone it was going to cause the "SUB-PRIME MORTGAGE CRISIS".
THANK YOU PHIL GRAMM and the REPUBLICAN PARTY for giving the US TAXPAYER a $30 BILLION BEAR-STERNS DEBT... and MORE COMING!!
AsianAmerican68 3 years ago
Do you want JOHN McCAIN to bring back PHIL GRAMM to do MORE damage
(BEAR-STERNS has already cost US TAXPAYERS $30 BILLION DOLLARS!!)
to the US TAXPAYERS again?
AsianAmerican68 3 years ago
Former Texas REPUBLICAN US Senator PHIL GRAMM created and inserted into the 11,000-page FY2000 OMNIBUS Bill on December 21, 2000, with NO DEBATE just before Chrismas Holiday when noone was there, CFMA ("COMMODITIES FUTURES MODERNIZATION Act"), which completely deregulated (as in ZERO)
"COMPLEX DERIVATIVES"
(of which "Sub_Prime Mortgage Backed Securities", the cause of the current "SUB-PRIME MORTGAGE CRISIS" is just ONE type).
PHIL GRAMM is JOHN McCAIN's Senior Economic Advisor today!!
AsianAmerican68 3 years ago
YouTube: "What is subprime mortgage?"
AsianAmerican68 3 years ago