Dollars and Sense: What's Next for the Financial Sector and Economy?

[michaelbillypec]

i read that paulson made ten millon a day during the housing crisis but selling off the credit default swaps his hedge fund had invested heavily in. the more people who lost their homes, the more money he made...ironically, he made huge donations to the center for responsible lending!

[tonym771212]

People talk and talk about the whole easy credit thing but homeowners were much to blame too. People shouldn't have leveraged themselves so far for their "dream home". Its common sense to know interest rates may change which will obviously affect mortgage payments. People were just as greedy spending way beyond their means. I hope people will learn now to minimize their liabilities and maximise thier assets, not the other way round.

[49fiori]

where can i watch the whole video?

[vjfperez]

How come Paulson says the government has nothing to do with the crisis?

The only reason banks were so eager to take huge risks, by being highly leveraged on such bets was the fact that interest rates were kept low and the notion that in a distress scenario Uncle Sam would intervene to "save the day" for them.

Of course the incentives on the financial industry were fucked up, but why people have so much fear of pointing out the elephant in the room?

[49fiori]

Stiglitz predicted the crisis.

Paulson created it.

[farmboycarl]

Wall Street intentionally created the "credit bubble" by offering easy money to anyone with a dream to buy their own home. This put home prices on steroids, motivating even more people to buy. Then they packaged ARM loans as bonds, and paid off the bond-rating agencies to rate them AAA so they could be sold as "safe investments". Then they created credit default swaps to make money on their collapse, and ordered the FED to raise rates 17 times before the A.R.Mortgages re-set. CLASSIC PUMP-n-DUMP

[49fiori]

"We were living in a Casino"

and now it's time for Disneyland! YEAH!

[oitotheworld23]

John Paulson might have made more money during this one day (the day of the interview) than I will make my whole life: maybe $5.5 million.

[zachk503]

Amazing that only 7k views on this on youtube. All of us who watch this video and other like it have such an advantage over the other dolts out there.

[swajblogger]

i luv it

[steranko100]

***** for a rare chance to see Paulson

[AFRIKTODAY]

Stiglizt is an imbecile! How hard is it to put it up out there that the FED and the Government where the main responsible of this bubble of easy credit? The lower the interest rate to a 46 years low and made it easy for all sort of people to access to credit. People became overzealous and the stock markets saw its increasing valuation as a sign of growth. The bubble was unsustainable and it popped like most bubbles in history do. Guess what is Bernanke solution? zero% interest rate! Alleluyah!

[FREDgpz]

@AFRIKTODAY yeah right so.