Five Questions About the Bailouts

[ftsebund1]

Looks like an interview, in reality it's a speech and it's full of errors. Banks make their money by lending! Maybe 30 years ago they did, now they make their money from fees on, highly leveraged, rubbish derivatives..cdo's swaps, etc, etc. The money that was meant to stimulate the US economy is being gambled away instead of going to business and farmers, or anyone who is productive that could employ extra staff and expand and export..The guy happens to be married to Obama's counsel.

[Craigdna]

That was done really well. Very intelligent explanation, but it could have been done slower for more comprehensoin from viewers, overall, though, great knowledge.

[panzerny]

listen to Peter Schiff and fint out why bailouts are bullshit.

[rocketsredglare101]

this White House has focused on saving or creating 650,000 U.S. jobs, that same White House and about 90% of the Members of the U.S. Congress have allowed the federal bureaucracy to give out permanent and temporary work permits to about 1 million one hundred and twenty-five thousand first-time foreign workers thus far during 2009.

Obamas administration is as bad as Bush in hurting Americans with massive immigration.

Google Numbersusa to find out more.

[dmanimel]

Thanks for the explanation really puts it in perspective of how Capitalism is so great if you were born with the right last name and into a family who is involved in big business/wall street!

[SandCmpbll]

Very insightful explanation of the bailout Chris. I hope President Obama figures this out before it's too late. The last thing we need is a repeat of 1994. Jesus. The script will be flipped then.