Dispatches - Crash - How The Banks Went Bust.2009

[ExquisiteDoom]

Okay now i know this video is propaganda.... when they say such things as " the market could do no wrong" in a completely sarcastic manner without going into why it's not a free market. that just sloppy journalism or propaganda...

[PhantomAct]

@ExquisiteDoom propaganda?? this is a depiction of exactly what happened. Lax regulation, bullshit rating agencies and greedy bankers stuffing their face with those bad assets (i.e. taking huge risk). Were you not on planet earth from 2008 onwards?

[ExquisiteDoom]

@PhantomAct Were you not on earth before 2008? Why would bankers suddenly take huge risks? Why is greed suddenly a problem? Why are ratings shit? I wonder if you have a presupposition problem? Don't worry, most people do.

This is how propaganda operates, they throw at you presuppositions without inquiry and act like they are fact then move on from there to infer, which will then necessarily lead into a serious disparity between the story told and reality.

[PhantomAct]

@ExquisiteDoom U know what I just realised that you are truly an imbecile if you have to ask such questions...

After 9/11 Greenspan lowered the borrowing rate and Bush told poor americans it's time to own ur home or buy one. Bankers realised that they could make easy money by selling lots of loans to those poor people (subprime). What they didn't count on is that poor people wouldn't be able to repay and that fucked their greedy game big time. Can u get the rest of the story now?

[ExquisiteDoom]

@PhantomAct First off, don't insult me just because i make you use your brain.

Secondly your argument admits that Greenspan lowered the rates but then you ignore THAT and point out bankers noticed the flaw and decided to abuse it and you turn that around for some reason to incriminate bankers ONLY. Why do you purposely ignore the government's/fed's play in this? Do you not realize how this skews your conclusion? If people control rates, they are going to make mistakes/be corrupted by it.

[PhantomAct]

@ExquisiteDoom You didn't make me use my brain. You made me do a memory dump & that's coz u r too lazy to do some research. You are an imbecile with very little knowledge on the subject and you want me to sum up alll i've read since loan delinquency rate reached uncomfortable levels in 2008??? Buzz off!

[ExquisiteDoom]

@PhantomAct Oh no, you've done your "research, that scares me. That is such a powerful argument when unsubstantiated! The loan delinquency rate is a complete non-sequitur to my argument from cause and effect. Especially when a bunch of biased statists hold the monopoly on interest rates which guess what; AFFECTS DELINQUENCY RATES! One came first, you troll.

[PhantomAct]

@ExquisiteDoom What an idiot, do you even speak english, do you understand the terms I used? U took 4 days to come up with that?!! Go do your own research you fuck-up!

[ExquisiteDoom]

@PhantomAct How did i misinterpret your terms? You never mentionned how but you simply conclude that i am an idiot with no basis to your accusation. Seems to me you're avoiding to really get into the subject because you know you really haven't a clue what you're talking about. Do you not realize how lowering interests rates create cheap money to leverage from? Can't see how this can lead to a bubble? And then potentially increasing delinquency rates once it has burst?Ad hominems are no argument

[ExquisiteDoom]

@PhantomAct Oh sure, more ad hominems that is very convincing. You don't explain why i'm an idiot, you just say it. Don't see how cheap credit leads to greater leverage? Which can potentially lead to bubble-madness? And then affect delinquency rates? Seems to me you're too insecure to address the issues because you likely have no clue what you're talking about. If all you did is study the banking system you then have a very little view scope to operate from.

[ExquisiteDoom]

It's funny the way people think selectively sometimes. You also ignore how Acorn lobbied the government to force banks to loan to poor families under the threat of being branded a bigot. As for regulations, i'll have you know the financial sector has more of them than the technology sector, yet do you see any problem in technology sectors that can compete with the financial one? NO. Same for any non-regulated sector for that matter. But just go ahead and make yourself look silly some more.

[PhantomAct]

@robertjohnson487 keep them coming troll, 2 youtubers sent me the real youtube harrassment link. Reported u twice 2day. (1) for the vulgar stuff u posted on my channel and (2) for all the comments u posted on one video. So yeah, keep them coming. I'm going straight to report this Video-ID too.

[WAAKKAROONEY]

@ExquisiteDoom its not the video that says it... its what the government and bankers believed... they were fooling everyone... wake up and stop eating too many burgers...

[freedombiteback]

The truth is they didn't mess up !, it was Engineered by Design to Crash ! (they were giving bonuses for the Great Job they did in helping to Crash the system)..It's easy to enslave the Poor, but first they have to make us Poor (no middle classes), to install their new world order of Socialism !...

[delatroy]

@freedombiteback I read/saw all that stuff too but I find it hard to believe. Coulnd't it just be a bubble? The middle class will be back.

[freedombiteback]

@delatroy A handful of Jews Conceived Socialism (Karl Marx)..It Con-trolled 100s of millions of Russian people !..The walls came down to build the new fear ! (Mosques on our doorsteps) Taliban..For the Elie Banksters can't con-trol us with Peace, but we are con-trolled by fear (wars/rumors of wars)...As i only fear God, and, as NO man is God !, i therefore fear No man !..Peace and Blessings to the Righteous Only !..

[FactualSolutions]

As far I have researched-The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - watch "Awakening 1/4" (short video) and "Zeitgeist Addendum" to know more about it. Both of them are on YouTube. The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.

:)

FS



[GordoTheHat]

Great video. One problem, though. They don't go into how CDOs were created, who created them and why they were created. The U.S. Government's role in pushing subprime loans is completely ignored. Yeah, the bankers were at fault for a lot of this, but on a certain level, the bankers were brilliant in how they were able to make money out of governments forcing them to make b.s. loans to people in the name of universal home ownership.

[ExquisiteDoom]

@GordoTheHat Haha, i'm surprised to see that kind of critique. Yea, that's what documentaries do sometimes. They don't necessarilly go into causalities, they find a devil and beat on it. The banks are pretty much nationalized today, but you'll never see that mentionned anywhere relevant, how convenient.

[jusblaze99]

Awesome... AWESOME TO THE MAX

[MarcusCMarcellus]

This is excellent. Thanks for posting.

[sabrinacle]

finally get it! Well done. Mapped out in plain english what the hell just happened to us

[delatroy]

@sabrinacle you got about 50% of it from this video, keep digging

[iamfreemanontheland]

i thunk just the no. of views shows the public does not care nor do they understand what is going on, but they will when this shit hits them right between the eyes

[TheReallitycheck]

more smoke and mirrors

[gibbo675]

Panick attack at 0:24 what do these people think happens to REAL workers and Real creators of wealth when we get thrown out of work?

My thoughts were how do I now pay my mortgage and where do I find work when I lost my job.

Parasitic Bastards the lot of them!