Inside Story - Financial crisis and Asia - 22 Sep 08 - Pt 2

[RoniCMaster]

I ain't selling to Americans or accepting the dollar no more. Vendor financing has its limits. I'm angered that we Asians have to bailout the bankrupt US economy through our taxes, which is being spent on purchasing US Treasury Bills. I know that while the last 2 years have seen the US share as an export destination falling sharply, we are still plugged to an extent on the US economy. But by pulling the plug on it, American consumers will consume a lot less, increasing living standards in Asia.

[Germtrancsuperman]

- Romantic Brothers - FLOWERS - ! U must to listen this great i-tunes smash! Hilarious! About politics, economy & war! Real situation song.

[konman001]

So far Obama`s plan and bailout spend has done d**k, s**t and squat. . . what a f**king waste of billions. Unfortunately this robbery was done technically under legal terms . . . so no-one involved will be sharing a jail cell with Madoff.

[stano99x]

everyone from merrill lynch etc. should be put in jail

[dieper2dieper]

the su isn't a stabile trade partner,

forget them, they have no money to buy something anywy, just more debt that will lead to more inflation of the world marked.

just leave those beggars to rot,

i won't sell them crap because i'll have to pay for it myself later.

[cradle2light]

unlike the "Pump & Dump" US financial policies driven by GREED loosened by the wheel of deregulation,

Asia financial systems is on more sound footing..

in Asia its almost unheard of to buy a home with NO or VERY LITTLE MONEY DOWN!! HUGE FEES BIG COMMISSIONS REPACKING "tainted" Financial products many times as SOLID as GOld!!! Massive FRAUD on wall street

as a home is the MOST IMPORTANT ASSETS anyone anywhere in the world, the subprime crises in the US is going to have REAL NEGATIVE worth!!

[cradle2light]

with US massive SLOWDOWN soon, major exporters nations to the US will be affected as well

with many ASIAN countries practicing more prudence banking policies, a strong foreign reserves and HIGH SAVING rates among the people.. soon the DEBTORS will be knocking the doors on the CREDITORS!!! so the Massive drops in Asian stocks exchange is unfounded mainly out of ignorance and psychology of fear!!! when you dont understand what you are fearing, you just followed in a STAMPEDE to the exits!!

[ieuansharp]

eeeeeeeeeeerrrrrrrrrrrrrrrrr!!­!! EXCUSE THE FUCK ME! Thought I just heard right! Im I hearing that there now trying to force credit in other country like they did the US n UK! eeeeeeeeeeeerrrrr yes I do believe they have, eeeeeeeeerrrr pattern or what!?!

[LeftLiberalSoCal]

This so called "financial crisis" is simply the USA exporting it's inflation around the world. It has somthing to do with that.

[oceanbound222]

the US is crumbling due to Bush's wars against the world

[riseagainst351]

As Always Thank You. (lol at :10 he repeats)

[SuperNovaDreamTeam]

Thank you for the info,,

[virginlampoil]

I went to Mexico a few years back, and home prices were astronomical, these people are right on; were just seeing the beginning.

[myebuzzdotcom]

Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just four short years in the Senate.

Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.

[chefsanders70]

McSame has taken K200 from Fannie/Freddie lobbiest

[mepipeline]

Correction: It was OBAMA, WHO RECEIVED MONEY FROM FANNY/ FREDDIE LOBBIEST. NOT McCAIN.

McCAIN'S ADVISERS LAUNCHING AN INVESTIGATION ON THE ALLEGATION.

[myebuzzdotcom]

Obama's ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain — Sen. Obama — was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks

[myebuzzdotcom]

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.

[myebuzzdotcom]

Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them.

[myebuzzdotcom]

Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.