Burning Down The House: What Caused Our Economic Crisis?

[3kidmami]

WOW! Things than I had forgotten... Excellent summary, too long but NECESSARY.

Thank you.

By the way, I'm a registered democratic, but, in this elections, I'm following my values and already mailed my vote for McCain/Palin

[investortownhall]

Even if you take the politics out of the video this is an excellent analysis of how government policies and Agencies put fuel on the fire and now that want to blame "The Man" for the problem. Great Educational Video!

[12235117657598502586]

Q: Whos to blame?

A: EVERYONE!

Why?..

1) Home buyers signed up without properly checking that they could still make payments if times got hard for them.

2) Greedy banks created wacky loans & gave credit to folks who were not credit-worthy.

3) Wall St. investment houses that packaged these bogus loans and then leveraged them at 30:1

[12235117657598502586]

4) Federal regulators didn't police properly the greedy banks and Wall St. - it's their job to do so!

5) Govenment didnt ENFORCE the CONTROLS that their federal regulators were recommending,. When the problems were on the horizen, the governments turned a blind eyeuntil its too late!

Bush could have forced regulation sooner if he can force you into a war with less support, he could have enforced regulation of Fannie & Freddie sooner!

[PhotonDrive]

Is this a joke? Like McBlame telling gov. to FIRE COX! Then we find that Cox was subject to "volunteer" bank inspections! Who "volunteered"? NO ONE YOU FOOLS! McPain is a would-be military dictator CRIP! Who is in ULTIMATE DENIAL due to his VICTIM FIXATIONS! Wake UP! McDead will take you all - not to "Rapture" but to a highly suffering DEATH! (Even Palin doesn't LIKE him!)

[mick0057]

The notion that the government "forced" these bad loans on the banks is laughable. If any one is interested in facts as opposed to fiction, they should read a series of articles in open salon. com that detail these highly profitable loans from the prespective of a "loan officer" that was intimately involved.

It explains the willingness and EAGERNESS of these institutions to churn out these risky loans to improve their bottom line. Gaming the regulations they caused this meltdown.

[bankruptfeller]

Predicted crisis in 2007, and over 1.5 mil views ?

watch?v=zORv8wwiadQ

It stunned me!

[plzIneedhelp]

So sad and So true