I support teaching the economics in schools starting in 4th grade as a class right beside math, science and history.
People don't understand the complexities of the financial system, things like collateralized debt obligations, mortgage-backed securities, and credit default swaps to name a few....You just can't explain it to them at a 10th grade level in two sentences and hope they will understand.
Education is our best defense in a country that demands the freedom to make bad decisions.
@LamboSpyder99 Sort of. I think that left to their own devices, banks will tend toward excess. The SEC's job is to keep that tendency in check. In this case, the SEC failed to do its job, and indeed, became a tool of the hands of the banks. And here we are.
The fact of the matter: I’m not sure the American populace has the moxie to vote for someone who tells the truth. I think they want the ‘showman’ who spins the yarn, all the while the populace seemingly laps it up. Republicans and Democrats are engaged in the destruction of the middle class by printing trillions, which punishes savers, while rewarding those willing to go into debt. I’m not sure the American populace has the critical thinking skills to make thoughtful decisions.
Excellent video! But, if you folks haven’t figured it out yet, our country has become a Plutocracy. Remember the financial bailout that nearly every intelligent American was against? Well, when it passed, what you just witnessed is called a Financial Coup D’etat.
Wake up America…it’s not about Republican, it’s not about Democrats, it’s not about Liberal, nor is it about Conservative…it’s about POWER and MONEY. Our Democracy has been slowly eroded to a full-blown Plutocracy.
@VendettaVV The SEC provides raw delivery failure data here: sec!gov/foia/docs/failsdata!htm (replace ! with .).
The period encompassing Bear Stearns' demise is in this file: sec!gov/foia/failsreports/cnsp_sec_fails_2008q2!zip (again, replace ! with .). Because a trade is not considered failed until three days after execution, you need to move the fails number back three days to accurately see the effect they on the market.
@writerjudd In all of the research I've done it would seem that LB did enough to hurt itself. The executives had begun lying to there own employees about the strength of their position in the market and with the government (bonds).
While I think what you've done here is entirely possible and in my mind even probable, your series appears to allege the LB was an innocent victim, when in reality their own business practices made them targets for the NSS that killed them.
If you click on my user name, you can see me initiating my computer program... which is the only Top 10 Hedge Fund artificial intelligence available to the average person.
Damn you Bears Stearn, for scratching our otherwise flawless 2008 economy! The effects of Bears Stearns has little to nothing to do with the downfall of our economy today.
Someone in the goverment crashes the markets to make people go broke so that the goverment will have people depending on them for help it gives the goverment more power and control over people.The politicians are always making the stock market crash all the time by over spending it effects the economy and devalues the US dollar then they tax everybody to death along with all the sales taxes and legislation they write to fine people for everything they do and companies moving over seas is bad.
@bondsly This is inevitable in a market-based, monetary society. Please watch ben bernanke and all of his well-paid cronies bring down civilization as we know it.......Finally.....reboot the world...peace now. Thanks to ben and the Federal Reserve for being so greedy....without you, world peace, in the current paradigm, would not be possible.
I place blame on everyone. If mortgage companies and creditors would stop and think of what they were doing, we wouldn't be in the mess we're in. If the government put the money to free the people of their debt then we wouldn't have any problem. People would spend their money on companies and services thus strengthening America From the people on up. That's where it starts "PEOPLE"
When you fail to realize the most fundamental part of America the Failure occurs. Take care of the people!!
@rangerjames73 i agree, companies and creditors would screw any one, but blame the citizens too because they go along with it knowing they will get screwed instead of doing something to stop it and change the system.
if only every one in this country just said enough, imagine the possibilities.
THE INTERNET IS VERRRY DANGEROUS. ANYONE CAN SIMPLY POST A VIDEO SUPPORTING A POSITION, WITH VERY LOOSE EVIDENCE TO SUBSTANTIATE THEIR CLAIMS. THIS VIDEO IS A TESTAMENT TO THAT.
China does not allow any manufactured items to be imported,except that which will be used to manufacture the tools to replace same.One example is autos and auto parts.GM, Ford etc. must build and sell only in China.No US-made cars for them!Next, we'll see their $9000 cars come here&we'll buy them.THAT is unsustainable.We must rebuild our infrastructure and manufacture again, and STOP BORROWING MONEY to buy 'Made in CHINA' & STOP REAL ESTATE SPECULATION&mortgage backed securities&PRINTING MONEY!
Yea well, I see a lot of blame placed here and there but my business began to suffer along with the laying off of all employee's as soon as the liberals took office and spent that initial 800 billion dollars on criminal corporate bailouts.
Once again, and I dont give a fuck how its sliced up, the rich criminals and politicians win.
Too many chiefs and not enough indians in this country and with the idealist liberals in office they'll need more cash for even more micromanaging of our lives.
Does anyone know how we could get a hold of the names and addresses of these perpetrators? Maybe it could leak out somewhere?
Its a pivitol moment in history, we need to send these people a message. How about we write our reps and demand they let the tax cuts expire on the wealthiest Americans. OR more violent measures if they do indeed let these tax cuts resume for the rich.
The FED is the real culprit, fractional reserve counterfeiting. That is where it starts and ends, this other stuff is just what happens when our system is run by corrupt elite bankers. End the Fed and you get rid of this stuff. .
the price of bear sterns stock didnt magically drop by more than 50% because of put options. Options dont drive stock prices, more aggressive sellers than buyers cause the price of the stock to trade lower. in bear sterns case, they owned hundreds of billions of dollars worth of subprime mortgages and CDS's, which if you have ever watched the news would know that became almost worthless in 2008. Bear Sterns went bankrupt because it made awful investing decisions and were leveraged almost 40 to 1
I need to ask, and someone please answer if you know. Can't we identify the culprint(s) who witheld delivery(s)? Let's make this pubic knowledge. Obvious manipulation, and needless to say, there is no doubt the wall street club does make their back room deals! Fin bastards.
Progressives like Ralph Nader have been shut out of the political process and government since terrorist & murderer Reagan took over in 1980. Reagan TRIPLED the national debt with wreckless unlimited spending of our TAXES on completely UNNECESSARY military corporate crap, while taking AWAY money for GOOD causes (animal rights, solar & wind energy). And Demopubs & Republicrats & free market extremists and the shitheads who still give them power by voting for them have gone along with it ...
@deskset24 .. ever since. If government refuses to help people, then it has no business hurting (punishing them). So, any government agent who dares to arrest poor people or powerless interest groups (e.g. animal rights) who spend THEIR energy and THEIR time to take over corporations deserves to have their head blown off.
Progressives PUSHED for: EVERYBODY in America becoming homeowners. Splendid. So the banks made loans to people who shouldn't have qualified for loans. This created the absurd destructive real estate speculation bubble. Flip that house! Create wealth! Bullshit. If you bought too much house, thinking "It can only go up", then you need to take your loss. Real estate is still absurdly high. No more real estate speculation, and no more bailing out bankrupt banks. Let the free market work!
@ThatMiserableCat Nice argument, that was circulated for a while. The real problem is easy credit given by the FED A private bank. That's your real issue.
We innovate, then some other country manufactures it. They get the jobs, we don't.A nation can't survive on retail sales, flipping real estate,designing web sites, banking and making movies. Than IMPORTING EVERYTHING! Designing iPhones, photovoltaics, or any other innovations, only to have China make them, is the recipe for failure. Now we import our fruits&vegetables in California from Mexico and Chile. (We've got to save the endangered Delta Smelt-- no water for farmers.) Green Bullshit!
@ThatMiserableCat Don't blame the environmentalists fighting in the trenches, barely scraping by with an existence. So many of my friends are literally DYING to have jobs making biodiesel, making electric cars, creating new nanotech to vastly lower the cost of medical procedures and to grow food more cheaply.
(Cheaper long-term, making back the initial high-tech investment many times over.)
Everything else you said - "flipping real estate, making movies" - 100000% true!!
The purpose of cops and soldiers is to protect the banks while they steal your money. Banks own the governments and thrive by creating poverty and 30 year loans (for which they do nothing!)
Spending fanatic Reagan, Bush, Clinton, Bush destroyed the economy, and Obama lets it happen. They LOVE unlimited CEO salaries and infinite corporate welfare and infinite military spending.
I have much more confidence in the Democratic Party's ability to solve this problem than the Republicans. This seems like a conspiracy using the naked short selling loophole to hurt the whole world could be investigated by the SEC. It seems that there should be criminal charges.
Despite this terrible assault, the economy is recovering. 9/9 MONTHS OF CONSECUTIVE PRIVATE SECTOR JOBS GROWTH IN 2010.
By the way, the Democrats and liberals had a lot to do with why American realestate industry took a tumble. They are the ones who made it law to discriminate against anyone. Banks gave loans to people who could not afford to pay money. How smart is that, stupid democrat morons?
Democrats will ruin America with their liberal influence.
if the republicans win the elections in Nov they've vowed to end unemployment extensions saying it runs up the deficit. what they don't realize is its going to hurt the economy even worse because that $ goes back into the economy by paying bills, mortgages, food etc. if this happens it will be disastrous for everyone. more foreclosures, banks utility companies telecomunications will result in massive layoffs, not to mention all the crime. so lets what happens
@willisapril if unemployment extensions get stopped, then hungry folk will go out and eliminate bankers (and their supporters) to get food to eat, be it in jail for life or out free. It's Extortion supporters (banks, military, politicians, etc) that eliminate decent people with their extortion/tax/fee/ policies and control.
@geehuckwow All the more reason to call your legislators and demand to make it legal for civilians to blow the brains out of any cops or national guard who try to imprison us with their big-government Gestapo tactics, and to stop this bullshit politically correct shit of "I gotta honor & respect cops & soldiers just because they are cops & soldiers". Cops & soldiers have easy stress free job. After the draft ended, nobody FORCED anyone to become a cop or soldier.
What an idiot the economy collapsed in 2007 right after the mortage meltdown . the big picture is that , our economy collapsed because for the first time since 1928 the top 2% of people who make 2500,000 and more did not pay enough tax which allowed the rich to make 23% more profit . All this money flowing to the top also happened only once in our history in 1928 the same thing happened and caused the Great Depression . don't believe look it up !
This manipulation points to someone taking advantage of the state of affairs with all of the bad loans already out there. The Market was vulnerable for this type of attack. More interestinh is was there a political motivation to expose and collapse the system at that point?
Regardless, the root of the culture of giving bad loans and bundling them came directly from activists and our Government proping up Fanny and Freddie for Political reasons.
It is really simple. If a piece of property can gain more than what is put in then it could be a good investment. If a piece of property does not gain as much as it costs; then it is a bad investment. The banks knew that. Real economist knew that. I warned people about it. Not one person listened. It can easily be fixed; but I doubt anyone will listen.
S3760 - A bill proposed by Democrats - The agenda is to push for the US government to eventually confiscate all assets in private Individual Retirement Accounts (IRAs) and 401K plans. The Obama administration is desperate to get its hands on private assets to help cover soaring budget deficits, and this is the largest and easiest piggy bank that could be seized. At the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.
How do banks make so much money by doing nothing more than swindling people? They don't produce anything that we can export out of the country for profit like farmers or auto manufacturers do, yet they make more money than all of them. Banks basically make their riches taking advantage of the workers who make up the backbone of this nation. The farmers, the manufacturers, the SOLDIERS.. The ones who actually produce something and help the economy are being bled dry by these heinous banks.
All of this was caused by the government and federal reserve. Search Peter Schiff for a little economic education. This all gets blamed on capitalism and the free markets, accept it was actually the exact opposite.
Ultimately, the root cause of this whole situation is The Fed. They have undue control and NO ONE monitors their activity, which basically makes them above the law, which is ridiculous.
This only describes a spark. Our economy and the worlds economy has been set-up for this for a very long time. It is called debt, if a Nations goes into debt and that debt keeps getting greater, it doesn't take much to spark a collapse. We are smart enough to know that FEATURED VIDEO means its likely distractive nonsense, a scapegoat, etc. The architects of this economic madness have a spotlight on them and they would love to have it shine elsewhere.
So basically, some idiot, or evil mastermind, made it so all those shares went undelievered, which then caused the price to go down? So how does this one company screw up the whole economy?
@RejectKillers Good question. Under normal circumstances, one company going bankrupt shouldn't bring down the entire economy. But these were very abnormal circumstances. Banks, including Lehman, were way too leveraged, leaving them very exposed to any contraction in credit markets. When Lehman went bk, many creditor firms lost a lot of money, forcing them to call in loans and sparking a tremendous ripple effect. And here we are.
@writerjudd Please don't spread these kind of lies. There are bear stearns types of options transactions for hedging and a multitude of other reasons, almost on a daily basis. I admit, there was naked short selling during the crisis, but let's remember that bear stearns collapsed because of BUYERS LIQUIDATING and NOT short sellers "forcing" the market down. Please go finish a book on macroeconomics, finance and market mechanics.
@RejectKillers You have to ask yourself how so much leverage and speculation found its way into the financial system in the first place? How did the house of cards get so big? Normally, people and institutions have varying degrees of risk tolerance. There will always be some who take bigger risks, but just as many who play it safe. The only way to inflate such a huge speculative bubble is from a centralized source - the central bank and govt. manipulation of the money supply and interest rates.
Skip this stuff. What we have is taxation and regulation. When people can't own a home, job, business, or fishing license!) - without being taxed, the taxers take as much as they can until people don't have money to spend, so nothing gets bought, so there's no business, so there's less and less money being spent. The regulations of control make business too expensive (or too much hassle) as well as the taxes. Big biz always wishes to create poverty so they can get cheap labor. POVERTY GROWS.
@jabberwolf OK, I did the math...on March 12, 2008, Bear Stearns March $50 puts were selling for $1.10, while March $30 puts were selling for 15 cents. That's a 700% difference.
And the sale of those puts on the 30th at $50 would have been ??
And this would not have thrown up any flags - And a huge profit at that.
But even this short sale game could not have worked had the real assets not been actually junk. Thus someone manipulated the stocks, but the real crooks (or ignorant inept morons) were those that bought up the junk mortgage packages to begin with.
The problem wasnt them or other banks - Take a look and Fannie and Freddie backing by democrats. That wasnta billions in bad assets - that TRILLIONS in bad assets.
So yeah bear was bad crap that happened but not even CLOSE to Fanie and Freddie which screwed over our economy.
Lovely how democrats look the other way when THEY fuckup the economy.
We all brought down the USA. We all thought we could buy China, hire Mexican and put our money in Global banks via 401k on autopilot. .... Duhhh? People what did you think you were doing.... We are all treasonous.
@deskset24 I will have to check out Citgo.... But as for Children you should have 8... There is no better way to change the world than to bring up your children in the way you believe,. That is the most dangerous part of Government.... Schools.
@btigtime2 Yeah. Riiiiiight. The ONE thing that government does RIGHT: public schools - that educates people. My entire family went through public schools, and got a GREAT education.
Meanwhile, you refuse to attack the REAL dangers, such as the crushing debt caused by TRILLIONS of dollars spent on the NSA, CIA, and other worthless unnnecessary BULLSHIT that doesn't help anyone, other than those employees living off gov't welfare.
Yes, there ARE problems with schools. Always has been.
@deskset24 Ummmmmm you might need to rethink that. State run schools is the quickest way to Totalitarianism. Bet you can say the pledge of allegiance backwards.
@btigtime2 Private schools, especially bullshit religious schools, where they indoctrinate children with a ton of worthless religious bullshit dogma, are the worst form of totalitarianism & fascism. Did you know that nuns & priests hit children for absolutely no reason whatsoever? Or just because a student is momentarily distracted because they are overwhelmed in class?
Nuns & priests deserve to be raped & killed. Burn down all catholic schools.
@deskset24 I completely agree.... This is why parents should be responsible for the education of their children not Churches not Teachers, and most assuredly not Governments. We need way more hands on training, we need more family apprenticeships again. I get puzzled with the parents lack of participation in their children even while they are home.. TVs computers and Video Games and hardly a word shared... crazy times.
@btigtime2 Regarding training: there have been so many training initiatives for green jobs, for instance, and for other jobs (not necessarily environmental related), but all those trained end up spending a ton of time, their money, and working their asses off getting trained, but there's no job for them at the end.
We don't need job training. People are plenty skilled (with a certain exception). We need job creation.
@deskset24 Don't get me wrong I agree somewhat.... you say "Jobs" I say "work".... We have to get out of the corporate Global Job scheme and more toward a local economic model. This is a mess.... You have a boss who may care little about you or yours. I have clients who need me and work with me and know my situation and I theirs... Your Job model has become a nightmare with this Global economy or have some type of Global workers union which comes with its own problems..
@deskset24 America used to make things.REAL THINGS true and tangible. America became the richest and most powerful nation by innovation AND MANUFACTURE.When a country stops MAKING GOODS for home market &export (as well as food production) there is only intangible intellectual value to trade. Now we only IMPORT GOODS. We innovate,then China/India/Third World makes it.Then we buy it with money borrowed from them. This is how Rome fell, and now the USA. Unless we get serious and REAL,it's DOOM.
@ThatMiserableCat Yes. I know. This problem, this dilemma, frustrates me, enrages me (especially in those rare instances when an American company, e.g. solar power, IS on the verge of actually MAKING something - and then they offshore it to China), and frightens me. To solve this problem, I find myself only thinking harder, creating only more intellectual value, not physical, so I'm helping USA dig itself further into its grave.
That is, unless, we come out the other side with nanotechnology.
@ThatMiserableCat My personal belief or conjecture (and you don't have to agree) is that the problem IS to explore the boundary between intellectual vs tangible: i.e. btw mind & matter - i.e. to figure out how our minds move atoms - the electrons in our brains - i.e. to figure out if telekinesis is real & if so why & then to exploit it.
Extremely high tech. Meantime, outlaw CEO salaries and force them to repay all their millions and make their savings equal to that of any other worker.
Rather then dealing with the issues they did quick fixes for the past 20 to 30 years, cliton did a quick fix that ruinied the industry in the begining (NAFTA). Free trade agreement stole our economy and placed it in other countries because the companies would rather pay some person in china $5 a day rather then $35 a hour for high paying jobs.
TO BAD THE ECONOMY has been failing for the past 20 to 30 years in Michigan causing a issue of massive amounts of Michigan citizens to move out of michigan taking jobs of other US citizens, (bush blamed the illigal imigrants to drive the attention away from the failing economy in michigan) Making the general public blame the few rather then the plenty one group of issues out of many groups of issues now California was also failing for longer then we where blaming illigal imigrants rather then us
@Bob0p Both Michigan and California are run by liberals who believe in big government and social programs. If you vote for someone to run your life, you get what you deserve.
"Those who would sacrifice essential liberties for a little temporary safety deserve neither liberty nor safety" - Franklin
@ShaunaDDye its not our just those 2 governors that screwed up the US economy mostly all the blame should go to the indivuals who signed Nafta. North American Free trade Agreement because they included china and a few other countries allowing a massive amount of companies to move to other counties with out any consiquences for the companies. Now Michigans main economy was the car industry which was over producing to the point where cars where not selling then industries moved killing the economy
@Bob0p Industries moved because it cost too much to do business there. With high taxes and union arranged wages and benefits, it became cheaper to do business in another state or country. This is called freedom. What would you have the government do- impose wage controls? Force businesses stay where it's unprofitable to do business?
@ShaunaDDye They moved there because they can hire someone for about $30 a day at most rather then $30 a hour. Now you have no comprehention on how economy works. If less or nothing is made in a country and sold, you see the country goes into a massive debt or ends up with only 2 classes those who have money and those who do not. People in the middle class and lower would fall into poverty which this has already begun. For the United states industry they have moved causing a loss in productivity
@Bob0p Actually, we are producing in the service and tech industries. I'd love it if we made cars here again, but it's unlikely as you said because of the cost difference. It's not just the $30/hour, but the benefits and pensions required by the unions that make it cost-prohibitive.
The future in this country is probably in the service industry. Almost everyone I know is in that field or in medical.
@Bob0p BTW- the middle class benefits when products are made for less money because they can then purchase those products for less money. When industries change, there is some short-term pain for some, but that's the way it's always been. Lots of industries have gone "extinct." The family farm, horse and buggy companies, land-line telephone services...as technology develops, changes happen, but they aren't all bad!
People in middle income ranges have opportunity in this new world as well!
@ShaunaDDye Soon after the industries left michigan so did a massive amount of the population in michigan moving into other states taking their jobs in order to survive. The blame for that was dirrected to illigal imigrants rather then the legal imigrants that moved from michigan because of the failed economy there all because of their business moving to other countries and closing plants. cause why would you hire someone for $30/hour when you can hire someone for alot less.
@ShaunaDDye Now about 8 years of excuses for job loss blaming illigal imigrants it soon brought down the economy of other states simply but still none the less like a dominoes effect. Then Obama anoused that the economy that had been broken since nafta was implaced allowing jobs to move to other countries such as china hire people for less and get more work done without any consiquences. the main issue they only focused on was this issue now there is many issues with the economy thanks to nafta
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
Not to say that these bets caused the crash, but they were betting that something dramatic was going to happen to the mortgage securities market. Wasn't the collapse in the mortgage securities market a major factor in the collapse of Lehman Bros., also taking into account the CDOs that were linked to these securities? I'm wondering if a severe financial collapse would've occurred anyway, even if what you describe hadn't happened.
Very, very interesting! As I was watching this I was wondering about the narrative that I had heard about in the news that it was really the rise in foreclosures starting in 2007 that led to the economic collapse. I remember even hearing about a few traders who made some very large bets using derivates against the mortgage securities market shortly before the crash. They say they made these bets because they could see from the financial data that there were going to be a huge number of defaults.
Why don't you address who is responsible for the sub prime mortgages to begin with? Why don't you address Fannie and Freddie's responsibility? Hmmm....sounds like you are glossing over a pretty important piece of the puzzle!
ILL BE AN IDIOT TROLL AND SAY SOMETHING TOTALLY UNTRUE BECAUSE IM AN UNEDUCATED HIGH SCHOOL DROPOUT THAT ACTUALLY THINKS I KNOW ONE THING ABOUT HOW THIS COUNTRY IS RUN AND SAY BUSH RUINED THE ECONOMY!IN B4 THE IDIOT FUCKTARDS!!(or atleast I hope)
In my incredibly biased unchangeable opinion, the government effed the economy.
If they hadn't been all " HAX DA ECONOMIES DONE FOR DES ARE TOUGH TIMES DANT SPUND ENY M0N3y!!!" Everyone would have continued spending normally, possibly keeping those businesses alive, stopping the idiocy that has happened from ever occurring.
I can't wait for the republicans to take power again! Then we'll have the pleasure of watching more of you inbred right wingers lose your jobs, homes, and families! God bless the GOP!
J*ws and Satanists screwing over the retarded "Christian" middle-class as usual. Same old stuff. Behind every number you present, there is a face. And usually the face of a "J". If you disagree. i could care less. That's actually how it is. So you never wake up to that fact, too bad. The next war will cure that.
Work by the sweat of your brow. trust in JESUS not creation. wake up gov't works for us. use your phones. God gave the law. man messes it up. do what God says in the bible and they will be out of business. when I say they I mean the ones it talks about in the bible the devils children. you can tell them by what they do, say or act like.
@macman3430 lol at you being a religious idiot,you do know that this country was the farthest thing from religious in its beginning and what led to the great country we have now(which is quickly plummiting partly from religion)were non religious leaders like washington,jefferson,franklin,etc etc.we have now evolved into a country full of cowardous groups of individuals that are so fucking soft from bullshit religions about love and caring that we have put our problems in this supposed 'gods' han
@gmanthebeast1 Many of our leaders were deists and definitely believed in a God of some sorts. Why would a crucial part of the declaration discuss that our rights come from God instead of government if they didn't think there was at least something above government?
ummm, I am a woman. I am certainly not your son, pal. =)
"It is impossible to rightly govern a nation without God and the Bible." -George Washington
I could point to many, many examples of God in our history. You don't have to agree with it and you don't have to believe it should be this way today, but you can't change the historical facts.
@ShaunaDDye I dont have to agree with it because its not true son.thmas,benjamin,james,all of them werent religious and said it would be the downfall of this country.Youre a religious idiot,go back to school and learn about evoluton son,itll be good for you
I didn't say they were religious, I said they were deists. It may have been cultural, but aside from Jefferson, they referred to God or Providence as something that existed.
Perhaps it is you who should return to school, although I suspect it is there that you picked up your biased views of history.
@gmanthebeast1 Perhaps you're unfamiliar with debate, but just saying that you're right and someone else is wrong over and over isn't a winning point...I sense you are an intellectual midget and so I will waste no more time talking with you. Good luck in your life!
The major factor (failed to mention) is gas prices. We can all agree that subprimes brought down the market, but what made those with the sub's stop paying their bills? I am willing to say gas prices. The last thing a poor family will pay is the mortgage cause it's the last asset to be taken. They had to chose to pay for gas over it. Hence, a large maj. of subs failed at roughly the same time. Other factors contrib., but i believe gas prices at the time were at the heart of the collapse.
Watch "Population Reduction" by Dr. Rima. Cross reference Keith Olbermann and Habeas Corpus and watch your Bill of Rights thrown out the window. Look into the U.S. Spy Bill -HR6304. Watch HBO's Hacking Democracy and look into the continuous vote fraud through Black Box Voting dot org Watch "National Security Alert" Watch Richard Gage's Presentation at the Manatoba University. Watch "Fall of the Republic" Watch Hyperinflation videos by inflation.us. I'll be at "The Tea Party Truther" Facebook
Type out illuminati backwards on any search engine. The NSA site pops up along with other sites with itanimulli search results. Sure you can redirect a site to another, but if you did, Google's or AOL's search engine would only list NSA sites. itanimulli wouldn't pop up at all unless the NSA site itself had the itanimulli keyword listed on the NSA site. Do you want to know more about the Illuminati? Also, watch Norman Dodd on Tax Exempt Foundations.
Read "Proofs of a Conspiracy by John Robison A.M. 1798" Rewritten by the Americanist classics in 1967. It talks about the Freemasons, illuminati, a One World Government. It also states in the pretext that their sub-objective is to take control of mainstream media after establishing lodges in the United States. This is the book our government doesn't want you to read.
look passed the surface. why did these bank start using "non-traditional"/ "creative financing" ways to start lending? they were sub prime-loans were getting pick-up by fanny and feddie. I can't believe people can blame this on any else beside political crusades to have "equal" approval rating for mortgages even if the person isnt financial stable
"They were careless people, Tom and Daisy -- they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made" -- The Great Gatsby
A society that has no value that can compete with money is in the process of dying if not already dead.
It started with Jimmy Carter and STAGFLATION, then Reagan slowed the decline down a little. Then Bush no. one and his NAFTA AND NEW WORLD ORDER AMBITIONS SET aMERICA UP FOR FAILURE as factories were carted off to China. Next Clinton got in and manipulated everything and set the stage for the banksters to rape ordinary citizens in future years. This was followed by Bush two who didn't have a clue. Big money ruled. Then comes more Bush two {OBAMADANISM} disguised as change and resulted in ruin.
we have so much technology and ingenuity to help us create lots of wealth, more wealth than anyone country can handle and yet those in charge find a way to ruin our lives by bankrupting us. Bush and the GOP are mainly to blame. They are extremists who will stand for nothing other than expensive wars, tax cuts, and the destruction of the middle class. But they don't necessarily carry it out...they just allow Wall Street billionaires to do it. Wake up people!!! This NEVER SHOULD'VE HAPPENED!!
This is important but not what caused the Collapse. This stuff happens all the time. For Example-- May 5th 2010 flash crash-
Goldman Puts were 1 penny at the open. at 2 pm they were $19. That means just $100 worth of puts would have made you 1.9 million in a few hours. Someone bought a crap load of those puts who "knew something." Later that day we find Goldman gets charged by the SEC for fraud.
Its obvious here Goldman shorted their own stock as did people involved in the case.
I believe there is a conspiracy among conspiracy theorists. These people have paranoid personalities. Everything is a conspiracy; nothing is as the obvious facts conclude. Facts are rejected, twisted, discounted, and proclaimed to be propaganda spread by "them", those that are out to "get us" and the "destroy the world" so "they" can control the mess that "they" have caused. These are weird and somewhat dangerous people.
Excellent videos, but if you think that Micheal Moore would make and objective, truthfull documentary about anything, then you are just as misguided and blind as the SEC. Just because he will make a piece of propaganda that supports some of your POV doesn't mean you should sell your soul to satan. You may have made the suggestion in good faith, but if you have seen any of his films you should have known better.
@raymac2008 To be fair, I've not said anything positive about Michael Moore here -- only that he was making a movie and sought input. This issue transcends party politics and I'll talk about it to ANYBODY who will listen. And I do appreciate your taking the time to do so.
@raymac2008 First off... the word you're looking for is subjective. second... there is no such thing as a subjective documentary... third... If he tells lies, than you should collect your $10,000 prize,because with each of his movies he offers a $10,000 reward to anyone who can prove he was wrong. So far no one has been able disprove a single thing he said in any movie... by the way difference of opinion does not count. Good day (:
@MartinDHash Lehman and Bear were probably doomed. Who knows for sure? But this I do know: it's not up to a group of hedge funds to make that determination through deeply disruptive manipulations. Let the real market work that out.
That was the real market! As Michael Lewis ("The Big Short") so exquisitely detailed, when it became clear that those "banks" were doomed (due to reasons that had nothing to do with short selling), the vultures decended. There was no manipulation in the illegal sense.
I support teaching the economics in schools starting in 4th grade as a class right beside math, science and history.
People don't understand the complexities of the financial system, things like collateralized debt obligations, mortgage-backed securities, and credit default swaps to name a few....You just can't explain it to them at a 10th grade level in two sentences and hope they will understand.
Education is our best defense in a country that demands the freedom to make bad decisions.
alueshen 2 days ago
Ron Paul for president.
LamboSpyder99 1 month ago
So, the problem is US government and SEC, more than the investment banks themselves.
LamboSpyder99 1 month ago
@LamboSpyder99 Sort of. I think that left to their own devices, banks will tend toward excess. The SEC's job is to keep that tendency in check. In this case, the SEC failed to do its job, and indeed, became a tool of the hands of the banks. And here we are.
writerjudd 1 month ago
This has been flagged as spam show
sexy and Asian women Meet lushfmlk.info
SHIRELYQUESINB 10 months ago
The fact of the matter: I’m not sure the American populace has the moxie to vote for someone who tells the truth. I think they want the ‘showman’ who spins the yarn, all the while the populace seemingly laps it up. Republicans and Democrats are engaged in the destruction of the middle class by printing trillions, which punishes savers, while rewarding those willing to go into debt. I’m not sure the American populace has the critical thinking skills to make thoughtful decisions.
BlackCatSaloon 1 year ago
Excellent video! But, if you folks haven’t figured it out yet, our country has become a Plutocracy. Remember the financial bailout that nearly every intelligent American was against? Well, when it passed, what you just witnessed is called a Financial Coup D’etat.
Wake up America…it’s not about Republican, it’s not about Democrats, it’s not about Liberal, nor is it about Conservative…it’s about POWER and MONEY. Our Democracy has been slowly eroded to a full-blown Plutocracy.
BlackCatSaloon 1 year ago 6
where did u get the data of bear sterns delivery failure statistics?
VendettaVV 1 year ago
@VendettaVV The SEC provides raw delivery failure data here: sec!gov/foia/docs/failsdata!htm (replace ! with .).
The period encompassing Bear Stearns' demise is in this file: sec!gov/foia/failsreports/cnsp_sec_fails_2008q2!zip (again, replace ! with .). Because a trade is not considered failed until three days after execution, you need to move the fails number back three days to accurately see the effect they on the market.
writerjudd 1 year ago
@writerjudd In all of the research I've done it would seem that LB did enough to hurt itself. The executives had begun lying to there own employees about the strength of their position in the market and with the government (bonds).
While I think what you've done here is entirely possible and in my mind even probable, your series appears to allege the LB was an innocent victim, when in reality their own business practices made them targets for the NSS that killed them.
alueshen 2 days ago
If you click on my user name, you can see me initiating my computer program... which is the only Top 10 Hedge Fund artificial intelligence available to the average person.
EFRose 1 year ago
Damn you Bears Stearn, for scratching our otherwise flawless 2008 economy! The effects of Bears Stearns has little to nothing to do with the downfall of our economy today.
jakeschlaerth19 1 year ago
Someone in the goverment crashes the markets to make people go broke so that the goverment will have people depending on them for help it gives the goverment more power and control over people.The politicians are always making the stock market crash all the time by over spending it effects the economy and devalues the US dollar then they tax everybody to death along with all the sales taxes and legislation they write to fine people for everything they do and companies moving over seas is bad.
bondsly 1 year ago
@bondsly This is inevitable in a market-based, monetary society. Please watch ben bernanke and all of his well-paid cronies bring down civilization as we know it.......Finally.....reboot the world...peace now. Thanks to ben and the Federal Reserve for being so greedy....without you, world peace, in the current paradigm, would not be possible.
repeat108 1 year ago
I place blame on everyone. If mortgage companies and creditors would stop and think of what they were doing, we wouldn't be in the mess we're in. If the government put the money to free the people of their debt then we wouldn't have any problem. People would spend their money on companies and services thus strengthening America From the people on up. That's where it starts "PEOPLE"
When you fail to realize the most fundamental part of America the Failure occurs. Take care of the people!!
rangerjames73 1 year ago
@rangerjames73 i agree, companies and creditors would screw any one, but blame the citizens too because they go along with it knowing they will get screwed instead of doing something to stop it and change the system.
if only every one in this country just said enough, imagine the possibilities.
202000cabs 1 year ago
I BLAME GEORGE SOROS
JonnyDean08 1 year ago
THE INTERNET IS VERRRY DANGEROUS. ANYONE CAN SIMPLY POST A VIDEO SUPPORTING A POSITION, WITH VERY LOOSE EVIDENCE TO SUBSTANTIATE THEIR CLAIMS. THIS VIDEO IS A TESTAMENT TO THAT.
prodigee411 1 year ago
@prodigee411
I love when old people play on the computer! Find your caps-lock key; gramps.
Psychodarity 1 year ago
i sorta knew most of this, lol. and im just a kid too, you guys need to watch more cnn, and less fox/msnbc
QwukeStudioz 1 year ago
I must say thank you for this video, without you I would have not known this important information
hare9b6 1 year ago
EASY ANSWER... WHY CANT WE ALL JUST GET ALONG AND SHARE WHY THA F*** DO WE NEED MONEY FOR.. ITS JUST PAPER....
SHARE FOR GOD FREAKING SAKE.
(Help thy man)
PSNMiXeDy 1 year ago
China does not allow any manufactured items to be imported,except that which will be used to manufacture the tools to replace same.One example is autos and auto parts.GM, Ford etc. must build and sell only in China.No US-made cars for them!Next, we'll see their $9000 cars come here&we'll buy them.THAT is unsustainable.We must rebuild our infrastructure and manufacture again, and STOP BORROWING MONEY to buy 'Made in CHINA' & STOP REAL ESTATE SPECULATION&mortgage backed securities&PRINTING MONEY!
ThatMiserableCat 1 year ago
Yea well, I see a lot of blame placed here and there but my business began to suffer along with the laying off of all employee's as soon as the liberals took office and spent that initial 800 billion dollars on criminal corporate bailouts.
Once again, and I dont give a fuck how its sliced up, the rich criminals and politicians win.
Too many chiefs and not enough indians in this country and with the idealist liberals in office they'll need more cash for even more micromanaging of our lives.
guitarplayer4real 1 year ago
i THINK we should blame Keyne's philosophy
mrbiocorp 1 year ago 2
Does anyone know how we could get a hold of the names and addresses of these perpetrators? Maybe it could leak out somewhere?
Its a pivitol moment in history, we need to send these people a message. How about we write our reps and demand they let the tax cuts expire on the wealthiest Americans. OR more violent measures if they do indeed let these tax cuts resume for the rich.
MaudsPas 1 year ago
Anyone who attacks the fed will end up like JFK.
mudskipper23 1 year ago
The FED is the real culprit, fractional reserve counterfeiting. That is where it starts and ends, this other stuff is just what happens when our system is run by corrupt elite bankers. End the Fed and you get rid of this stuff. .
lrich65184 1 year ago
the price of bear sterns stock didnt magically drop by more than 50% because of put options. Options dont drive stock prices, more aggressive sellers than buyers cause the price of the stock to trade lower. in bear sterns case, they owned hundreds of billions of dollars worth of subprime mortgages and CDS's, which if you have ever watched the news would know that became almost worthless in 2008. Bear Sterns went bankrupt because it made awful investing decisions and were leveraged almost 40 to 1
nate88237 1 year ago
watched this whole thing and didnt give a fuck. recession my ass
ismokekush512 1 year ago
damn watching this is worst than watch a scary movie... the back music made everything seems a lot worst
ny1fanta 1 year ago
I need to ask, and someone please answer if you know. Can't we identify the culprint(s) who witheld delivery(s)? Let's make this pubic knowledge. Obvious manipulation, and needless to say, there is no doubt the wall street club does make their back room deals! Fin bastards.
waltersjer 1 year ago
Why is the FBI afraid of Toll Brothers?
Toll Brothers' is "Concealing documented crimes with the approval of the Township!
Must be nice to own "Public Officials when you are a Billionaire!
View: You Tube
Never buy a Toll Home - or you may end up DEAD
hbloch1 1 year ago
It was Obama and big government spending.......Even though Obama wasn't in office then and his policies are just now taking effect. LOL
Bill1275w 1 year ago
"Crash JP Morgan Buy Silver"
rx4unyc 1 year ago
Comment removed
faceswithin 1 year ago
Progressives like Ralph Nader have been shut out of the political process and government since terrorist & murderer Reagan took over in 1980. Reagan TRIPLED the national debt with wreckless unlimited spending of our TAXES on completely UNNECESSARY military corporate crap, while taking AWAY money for GOOD causes (animal rights, solar & wind energy). And Demopubs & Republicrats & free market extremists and the shitheads who still give them power by voting for them have gone along with it ...
deskset24 1 year ago
@deskset24 .. ever since. If government refuses to help people, then it has no business hurting (punishing them). So, any government agent who dares to arrest poor people or powerless interest groups (e.g. animal rights) who spend THEIR energy and THEIR time to take over corporations deserves to have their head blown off.
deskset24 1 year ago
Progressives PUSHED for: EVERYBODY in America becoming homeowners. Splendid. So the banks made loans to people who shouldn't have qualified for loans. This created the absurd destructive real estate speculation bubble. Flip that house! Create wealth! Bullshit. If you bought too much house, thinking "It can only go up", then you need to take your loss. Real estate is still absurdly high. No more real estate speculation, and no more bailing out bankrupt banks. Let the free market work!
ThatMiserableCat 1 year ago
@ThatMiserableCat Nice argument, that was circulated for a while. The real problem is easy credit given by the FED A private bank. That's your real issue.
lrich65184 1 year ago
We innovate, then some other country manufactures it. They get the jobs, we don't.A nation can't survive on retail sales, flipping real estate,designing web sites, banking and making movies. Than IMPORTING EVERYTHING! Designing iPhones, photovoltaics, or any other innovations, only to have China make them, is the recipe for failure. Now we import our fruits&vegetables in California from Mexico and Chile. (We've got to save the endangered Delta Smelt-- no water for farmers.) Green Bullshit!
ThatMiserableCat 1 year ago
@ThatMiserableCat Don't blame the environmentalists fighting in the trenches, barely scraping by with an existence. So many of my friends are literally DYING to have jobs making biodiesel, making electric cars, creating new nanotech to vastly lower the cost of medical procedures and to grow food more cheaply.
(Cheaper long-term, making back the initial high-tech investment many times over.)
Everything else you said - "flipping real estate, making movies" - 100000% true!!
deskset24 1 year ago
The purpose of cops and soldiers is to protect the banks while they steal your money. Banks own the governments and thrive by creating poverty and 30 year loans (for which they do nothing!)
geehuckwow 1 year ago
I like beforeyoujoin. org on these economic types of things.
VinaAhrens 1 year ago 3
@VinaAhrens This is spam!
gp5 1 year ago
EVERYONE WHO SEE THIS MUST FORWARD TO THEIR FREINDS MAKE THIS VID GO VIRAL
noktisvallis 1 year ago
Spending fanatic Reagan, Bush, Clinton, Bush destroyed the economy, and Obama lets it happen. They LOVE unlimited CEO salaries and infinite corporate welfare and infinite military spending.
deskset24 1 year ago
are u trying to sound like Michael Dougles in wall street?
MOOSENUT42 1 year ago
Asian wives alone and try to chat her #lushfmlk.info#
jessicakaylai 1 year ago
I have much more confidence in the Democratic Party's ability to solve this problem than the Republicans. This seems like a conspiracy using the naked short selling loophole to hurt the whole world could be investigated by the SEC. It seems that there should be criminal charges.
Despite this terrible assault, the economy is recovering. 9/9 MONTHS OF CONSECUTIVE PRIVATE SECTOR JOBS GROWTH IN 2010.
Thanks for this video and information.
CorrectAngleAdmin 1 year ago
Obama wrecked the ecomomy
jonBakhtiari 1 year ago
what's the fucking mystery? Jews are allowed free reign in this country. So results are inevitable
BeyondNeptune 1 year ago
By the way, the Democrats and liberals had a lot to do with why American realestate industry took a tumble. They are the ones who made it law to discriminate against anyone. Banks gave loans to people who could not afford to pay money. How smart is that, stupid democrat morons?
Democrats will ruin America with their liberal influence.
ARepublicanVictory 1 year ago
LOL go read the comments on my channel......... I did not even mess with these guys they picked me.
goldenknight777 1 year ago
Meet Asian women #lushfmlk.info#
umayanarosy 1 year ago
if the republicans win the elections in Nov they've vowed to end unemployment extensions saying it runs up the deficit. what they don't realize is its going to hurt the economy even worse because that $ goes back into the economy by paying bills, mortgages, food etc. if this happens it will be disastrous for everyone. more foreclosures, banks utility companies telecomunications will result in massive layoffs, not to mention all the crime. so lets what happens
willisapril 1 year ago 2
@willisapril if unemployment extensions get stopped, then hungry folk will go out and eliminate bankers (and their supporters) to get food to eat, be it in jail for life or out free. It's Extortion supporters (banks, military, politicians, etc) that eliminate decent people with their extortion/tax/fee/ policies and control.
geehuckwow 1 year ago 7
@geehuckwow All the more reason to call your legislators and demand to make it legal for civilians to blow the brains out of any cops or national guard who try to imprison us with their big-government Gestapo tactics, and to stop this bullshit politically correct shit of "I gotta honor & respect cops & soldiers just because they are cops & soldiers". Cops & soldiers have easy stress free job. After the draft ended, nobody FORCED anyone to become a cop or soldier.
deskset24 1 year ago
obama is osama
crazycrakers97 1 year ago
What an idiot the economy collapsed in 2007 right after the mortage meltdown . the big picture is that , our economy collapsed because for the first time since 1928 the top 2% of people who make 2500,000 and more did not pay enough tax which allowed the rich to make 23% more profit . All this money flowing to the top also happened only once in our history in 1928 the same thing happened and caused the Great Depression . don't believe look it up !
hairbyzenda 1 year ago
This has been flagged as spam show
you have no proof of that
WhereNoFanHasGoneB4 1 year ago
I guess no one would believe it wascaused by the policies of the US Government. It was simply a consequence.
robjohn60 1 year ago
@robjohn60 You got it right rob !
hairbyzenda 1 year ago
I dunno man, I actually watched this one
youtube.com/v/WgdjDgX784g?fs=1&
biiiiirdman 1 year ago
This manipulation points to someone taking advantage of the state of affairs with all of the bad loans already out there. The Market was vulnerable for this type of attack. More interestinh is was there a political motivation to expose and collapse the system at that point?
Regardless, the root of the culture of giving bad loans and bundling them came directly from activists and our Government proping up Fanny and Freddie for Political reasons.
Doubro1969 1 year ago
It is really simple. If a piece of property can gain more than what is put in then it could be a good investment. If a piece of property does not gain as much as it costs; then it is a bad investment. The banks knew that. Real economist knew that. I warned people about it. Not one person listened. It can easily be fixed; but I doubt anyone will listen.
noorgard1 1 year ago
The Truth About Capitalism
/watch?v=qWNFNV9SHlc
ZombieLand 1 year ago
S3760 - A bill proposed by Democrats - The agenda is to push for the US government to eventually confiscate all assets in private Individual Retirement Accounts (IRAs) and 401K plans. The Obama administration is desperate to get its hands on private assets to help cover soaring budget deficits, and this is the largest and easiest piggy bank that could be seized. At the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.
WickedWind6 1 year ago
its bushs fault...lol fuck all these socialists.
seanhannity73 1 year ago
This has been flagged as spam show
How do banks make so much money by doing nothing more than swindling people? They don't produce anything that we can export out of the country for profit like farmers or auto manufacturers do, yet they make more money than all of them. Banks basically make their riches taking advantage of the workers who make up the backbone of this nation. The farmers, the manufacturers, the SOLDIERS.. The ones who actually produce something and help the economy are being bled dry by these heinous banks.
fooschnikens 1 year ago
All of this was caused by the government and federal reserve. Search Peter Schiff for a little economic education. This all gets blamed on capitalism and the free markets, accept it was actually the exact opposite.
tonyg0123 1 year ago
Ultimately, the root cause of this whole situation is The Fed. They have undue control and NO ONE monitors their activity, which basically makes them above the law, which is ridiculous.
BillymanWag 1 year ago
This video is bullshit. if you want to know who wrecked the economy, look up Peter Schiff.
bobdole57 1 year ago
This has been flagged as spam show
Wake up America !
peace19682003 1 year ago
No its called New World Ordo ab Chao!
This only describes a spark. Our economy and the worlds economy has been set-up for this for a very long time. It is called debt, if a Nations goes into debt and that debt keeps getting greater, it doesn't take much to spark a collapse. We are smart enough to know that FEATURED VIDEO means its likely distractive nonsense, a scapegoat, etc. The architects of this economic madness have a spotlight on them and they would love to have it shine elsewhere.
RamsesReturns 1 year ago
I accidentally the economy..
sry
TheLastSliceOfPie 1 year ago
@TheLastSliceOfPie YOU laid the ECONOMY?! FAWK U!
Togeita 1 year ago
So basically, some idiot, or evil mastermind, made it so all those shares went undelievered, which then caused the price to go down? So how does this one company screw up the whole economy?
RejectKillers 1 year ago
@RejectKillers Good question. Under normal circumstances, one company going bankrupt shouldn't bring down the entire economy. But these were very abnormal circumstances. Banks, including Lehman, were way too leveraged, leaving them very exposed to any contraction in credit markets. When Lehman went bk, many creditor firms lost a lot of money, forcing them to call in loans and sparking a tremendous ripple effect. And here we are.
writerjudd 1 year ago
@writerjudd Please don't spread these kind of lies. There are bear stearns types of options transactions for hedging and a multitude of other reasons, almost on a daily basis. I admit, there was naked short selling during the crisis, but let's remember that bear stearns collapsed because of BUYERS LIQUIDATING and NOT short sellers "forcing" the market down. Please go finish a book on macroeconomics, finance and market mechanics.
prodigee411 1 year ago
@prodigee411 It is possible for one entity to crash an economy.
Theyallfloatdownhere 1 year ago
@RejectKillers You have to ask yourself how so much leverage and speculation found its way into the financial system in the first place? How did the house of cards get so big? Normally, people and institutions have varying degrees of risk tolerance. There will always be some who take bigger risks, but just as many who play it safe. The only way to inflate such a huge speculative bubble is from a centralized source - the central bank and govt. manipulation of the money supply and interest rates.
gergenheimer 1 year ago
Skip this stuff. What we have is taxation and regulation. When people can't own a home, job, business, or fishing license!) - without being taxed, the taxers take as much as they can until people don't have money to spend, so nothing gets bought, so there's no business, so there's less and less money being spent. The regulations of control make business too expensive (or too much hassle) as well as the taxes. Big biz always wishes to create poverty so they can get cheap labor. POVERTY GROWS.
geehuckwow 1 year ago
"It's all a part of the plaaaan".
zecnobot 1 year ago
PS - Wouldnt that person have made a shit-load more money had they bought the options to sell at 50 dollars? Do the math guys.
jabberwolf 1 year ago
@jabberwolf OK, I did the math...on March 12, 2008, Bear Stearns March $50 puts were selling for $1.10, while March $30 puts were selling for 15 cents. That's a 700% difference.
writerjudd 1 year ago
@writerjudd
And the sale of those puts on the 30th at $50 would have been ??
And this would not have thrown up any flags - And a huge profit at that.
But even this short sale game could not have worked had the real assets not been actually junk. Thus someone manipulated the stocks, but the real crooks (or ignorant inept morons) were those that bought up the junk mortgage packages to begin with.
jabberwolf 1 year ago
@jabberwolf
Just lie in your own naive little world then....
JustinC721 1 year ago
WTF cares about BEAR STERNS
The problem wasnt them or other banks - Take a look and Fannie and Freddie backing by democrats. That wasnta billions in bad assets - that TRILLIONS in bad assets.
So yeah bear was bad crap that happened but not even CLOSE to Fanie and Freddie which screwed over our economy.
Lovely how democrats look the other way when THEY fuckup the economy.
jabberwolf 1 year ago
can someone dumb this down for me??
3153dee 1 year ago
Fuckers. Yeah, here are the specifics. Good job guys. Need to continue to get the word out. Everyone should google and watch The Money Masters.
BillymanWag 1 year ago
Search: Double Recession Guy
The Unicorn has an important message about the economy.
WalrusKungFu 1 year ago
We all brought down the USA. We all thought we could buy China, hire Mexican and put our money in Global banks via 401k on autopilot. .... Duhhh? People what did you think you were doing.... We are all treasonous.
btigtime2 1 year ago
@btigtime2 Not me. I have voted Green for every year since the 1990s.
My conscience is clear. And, I refuse to give my money to Wal-Mart. And I go only to Citgo for gas - Venezuelan owned.
Plus, I am vegan & have no children, the 2 MOST important ANY human being can do for ANYONE.
My hands have no blood on them.
deskset24 1 year ago
@deskset24 I will have to check out Citgo.... But as for Children you should have 8... There is no better way to change the world than to bring up your children in the way you believe,. That is the most dangerous part of Government.... Schools.
btigtime2 1 year ago
@btigtime2 Yeah. Riiiiiight. The ONE thing that government does RIGHT: public schools - that educates people. My entire family went through public schools, and got a GREAT education.
Meanwhile, you refuse to attack the REAL dangers, such as the crushing debt caused by TRILLIONS of dollars spent on the NSA, CIA, and other worthless unnnecessary BULLSHIT that doesn't help anyone, other than those employees living off gov't welfare.
Yes, there ARE problems with schools. Always has been.
deskset24 1 year ago
@deskset24 Ummmmmm you might need to rethink that. State run schools is the quickest way to Totalitarianism. Bet you can say the pledge of allegiance backwards.
btigtime2 1 year ago
@btigtime2 Private schools, especially bullshit religious schools, where they indoctrinate children with a ton of worthless religious bullshit dogma, are the worst form of totalitarianism & fascism. Did you know that nuns & priests hit children for absolutely no reason whatsoever? Or just because a student is momentarily distracted because they are overwhelmed in class?
Nuns & priests deserve to be raped & killed. Burn down all catholic schools.
deskset24 1 year ago
@deskset24 I completely agree.... This is why parents should be responsible for the education of their children not Churches not Teachers, and most assuredly not Governments. We need way more hands on training, we need more family apprenticeships again. I get puzzled with the parents lack of participation in their children even while they are home.. TVs computers and Video Games and hardly a word shared... crazy times.
btigtime2 1 year ago
@btigtime2 Regarding training: there have been so many training initiatives for green jobs, for instance, and for other jobs (not necessarily environmental related), but all those trained end up spending a ton of time, their money, and working their asses off getting trained, but there's no job for them at the end.
We don't need job training. People are plenty skilled (with a certain exception). We need job creation.
deskset24 1 year ago
@deskset24 Don't get me wrong I agree somewhat.... you say "Jobs" I say "work".... We have to get out of the corporate Global Job scheme and more toward a local economic model. This is a mess.... You have a boss who may care little about you or yours. I have clients who need me and work with me and know my situation and I theirs... Your Job model has become a nightmare with this Global economy or have some type of Global workers union which comes with its own problems..
btigtime2 1 year ago
@btigtime2 Yes. I agree with the most important distinction: the enormous difference between a "job" vs "work".
e.g. CEOs have a job, so they get paid (10^7 times too much) but they do no work.
Then there are people like my friends who have no jobs, but do a TON of unpaid work for their neighbors & family.
deskset24 1 year ago
@deskset24 America used to make things.REAL THINGS true and tangible. America became the richest and most powerful nation by innovation AND MANUFACTURE.When a country stops MAKING GOODS for home market &export (as well as food production) there is only intangible intellectual value to trade. Now we only IMPORT GOODS. We innovate,then China/India/Third World makes it.Then we buy it with money borrowed from them. This is how Rome fell, and now the USA. Unless we get serious and REAL,it's DOOM.
ThatMiserableCat 1 year ago
@ThatMiserableCat Yes. I know. This problem, this dilemma, frustrates me, enrages me (especially in those rare instances when an American company, e.g. solar power, IS on the verge of actually MAKING something - and then they offshore it to China), and frightens me. To solve this problem, I find myself only thinking harder, creating only more intellectual value, not physical, so I'm helping USA dig itself further into its grave.
That is, unless, we come out the other side with nanotechnology.
deskset24 1 year ago
@ThatMiserableCat My personal belief or conjecture (and you don't have to agree) is that the problem IS to explore the boundary between intellectual vs tangible: i.e. btw mind & matter - i.e. to figure out how our minds move atoms - the electrons in our brains - i.e. to figure out if telekinesis is real & if so why & then to exploit it.
Extremely high tech. Meantime, outlaw CEO salaries and force them to repay all their millions and make their savings equal to that of any other worker.
deskset24 1 year ago
@btigtime2 I didn't know I had a Job Model.
deskset24 1 year ago
Rather then dealing with the issues they did quick fixes for the past 20 to 30 years, cliton did a quick fix that ruinied the industry in the begining (NAFTA). Free trade agreement stole our economy and placed it in other countries because the companies would rather pay some person in china $5 a day rather then $35 a hour for high paying jobs.
Bob0p 1 year ago
TO BAD THE ECONOMY has been failing for the past 20 to 30 years in Michigan causing a issue of massive amounts of Michigan citizens to move out of michigan taking jobs of other US citizens, (bush blamed the illigal imigrants to drive the attention away from the failing economy in michigan) Making the general public blame the few rather then the plenty one group of issues out of many groups of issues now California was also failing for longer then we where blaming illigal imigrants rather then us
Bob0p 1 year ago
@Bob0p Both Michigan and California are run by liberals who believe in big government and social programs. If you vote for someone to run your life, you get what you deserve.
"Those who would sacrifice essential liberties for a little temporary safety deserve neither liberty nor safety" - Franklin
ShaunaDDye 1 year ago
@ShaunaDDye its not our just those 2 governors that screwed up the US economy mostly all the blame should go to the indivuals who signed Nafta. North American Free trade Agreement because they included china and a few other countries allowing a massive amount of companies to move to other counties with out any consiquences for the companies. Now Michigans main economy was the car industry which was over producing to the point where cars where not selling then industries moved killing the economy
Bob0p 1 year ago
@Bob0p Industries moved because it cost too much to do business there. With high taxes and union arranged wages and benefits, it became cheaper to do business in another state or country. This is called freedom. What would you have the government do- impose wage controls? Force businesses stay where it's unprofitable to do business?
ShaunaDDye 1 year ago
@ShaunaDDye They moved there because they can hire someone for about $30 a day at most rather then $30 a hour. Now you have no comprehention on how economy works. If less or nothing is made in a country and sold, you see the country goes into a massive debt or ends up with only 2 classes those who have money and those who do not. People in the middle class and lower would fall into poverty which this has already begun. For the United states industry they have moved causing a loss in productivity
Bob0p 1 year ago
@Bob0p Actually, we are producing in the service and tech industries. I'd love it if we made cars here again, but it's unlikely as you said because of the cost difference. It's not just the $30/hour, but the benefits and pensions required by the unions that make it cost-prohibitive.
The future in this country is probably in the service industry. Almost everyone I know is in that field or in medical.
ShaunaDDye 1 year ago
@Bob0p BTW- the middle class benefits when products are made for less money because they can then purchase those products for less money. When industries change, there is some short-term pain for some, but that's the way it's always been. Lots of industries have gone "extinct." The family farm, horse and buggy companies, land-line telephone services...as technology develops, changes happen, but they aren't all bad!
People in middle income ranges have opportunity in this new world as well!
ShaunaDDye 1 year ago
@ShaunaDDye Soon after the industries left michigan so did a massive amount of the population in michigan moving into other states taking their jobs in order to survive. The blame for that was dirrected to illigal imigrants rather then the legal imigrants that moved from michigan because of the failed economy there all because of their business moving to other countries and closing plants. cause why would you hire someone for $30/hour when you can hire someone for alot less.
Bob0p 1 year ago
@ShaunaDDye Now about 8 years of excuses for job loss blaming illigal imigrants it soon brought down the economy of other states simply but still none the less like a dominoes effect. Then Obama anoused that the economy that had been broken since nafta was implaced allowing jobs to move to other countries such as china hire people for less and get more work done without any consiquences. the main issue they only focused on was this issue now there is many issues with the economy thanks to nafta
Bob0p 1 year ago
Thank you GOD for shitting on this shit hole called USA , run by people who think they are GOD's ...
USA rot in Helll
aviomaster 1 year ago
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
adworldsniper 1 year ago
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
adworldsniper 1 year ago
You are an idiot. This video is hyper focused on nearly irrelevant details and tries to attached it to the 'big picture'. The financial meltdown and collapse of Lehman/Bear was caused by the MASSIVE bets they placed in the subprime market. Period. NOT naked short selling. The BILLIONS in bets on CDO's and derivatives caused their collapse. Hedge funds shorted the stock before their inevitable collapse. Subprime defaults killed these companies.
adworldsniper 1 year ago
Not to say that these bets caused the crash, but they were betting that something dramatic was going to happen to the mortgage securities market. Wasn't the collapse in the mortgage securities market a major factor in the collapse of Lehman Bros., also taking into account the CDOs that were linked to these securities? I'm wondering if a severe financial collapse would've occurred anyway, even if what you describe hadn't happened.
mmille10 1 year ago
Very, very interesting! As I was watching this I was wondering about the narrative that I had heard about in the news that it was really the rise in foreclosures starting in 2007 that led to the economic collapse. I remember even hearing about a few traders who made some very large bets using derivates against the mortgage securities market shortly before the crash. They say they made these bets because they could see from the financial data that there were going to be a huge number of defaults.
mmille10 1 year ago
Why don't you address who is responsible for the sub prime mortgages to begin with? Why don't you address Fannie and Freddie's responsibility? Hmmm....sounds like you are glossing over a pretty important piece of the puzzle!
gonavy505 1 year ago
ILL BE AN IDIOT TROLL AND SAY SOMETHING TOTALLY UNTRUE BECAUSE IM AN UNEDUCATED HIGH SCHOOL DROPOUT THAT ACTUALLY THINKS I KNOW ONE THING ABOUT HOW THIS COUNTRY IS RUN AND SAY BUSH RUINED THE ECONOMY!IN B4 THE IDIOT FUCKTARDS!!(or atleast I hope)
gmanthebeast1 1 year ago
In my incredibly biased unchangeable opinion, the government effed the economy.
If they hadn't been all " HAX DA ECONOMIES DONE FOR DES ARE TOUGH TIMES DANT SPUND ENY M0N3y!!!" Everyone would have continued spending normally, possibly keeping those businesses alive, stopping the idiocy that has happened from ever occurring.
But that's just my opinion.
infantryhawk 1 year ago
This is nice... So who is the villain? Who is this all knowing man?
btigtime2 1 year ago
@btigtime2 Are you asking about me? I researched everyday for 5 years into 9/11, and who I have been fighting for is the 9/11 Family members..
disheartedheart 1 year ago
This has been flagged as spam show
I can't wait for the republicans to take power again! Then we'll have the pleasure of watching more of you inbred right wingers lose your jobs, homes, and families! God bless the GOP!
Vetwolf13 1 year ago
J*ws and Satanists screwing over the retarded "Christian" middle-class as usual. Same old stuff. Behind every number you present, there is a face. And usually the face of a "J". If you disagree. i could care less. That's actually how it is. So you never wake up to that fact, too bad. The next war will cure that.
syyenergy7 1 year ago
Work by the sweat of your brow. trust in JESUS not creation. wake up gov't works for us. use your phones. God gave the law. man messes it up. do what God says in the bible and they will be out of business. when I say they I mean the ones it talks about in the bible the devils children. you can tell them by what they do, say or act like.
macman3430 1 year ago
@macman3430 lol at you being a religious idiot,you do know that this country was the farthest thing from religious in its beginning and what led to the great country we have now(which is quickly plummiting partly from religion)were non religious leaders like washington,jefferson,franklin,etc etc.we have now evolved into a country full of cowardous groups of individuals that are so fucking soft from bullshit religions about love and caring that we have put our problems in this supposed 'gods' han
gmanthebeast1 1 year ago
@gmanthebeast1 Many of our leaders were deists and definitely believed in a God of some sorts. Why would a crucial part of the declaration discuss that our rights come from God instead of government if they didn't think there was at least something above government?
ShaunaDDye 1 year ago
@ShaunaDDye not true at all,look it up son
gmanthebeast1 1 year ago
@gmanthebeast1 umm, i am a woman. Also, I don't know which part you believe to be untrue or where to "look it up"
ShaunaDDye 1 year ago
@gmanthebeast1
ummm, I am a woman. I am certainly not your son, pal. =)
"It is impossible to rightly govern a nation without God and the Bible." -George Washington
I could point to many, many examples of God in our history. You don't have to agree with it and you don't have to believe it should be this way today, but you can't change the historical facts.
ShaunaDDye 1 year ago
@ShaunaDDye I dont have to agree with it because its not true son.thmas,benjamin,james,all of them werent religious and said it would be the downfall of this country.Youre a religious idiot,go back to school and learn about evoluton son,itll be good for you
gmanthebeast1 1 year ago
@gmanthebeast1
I didn't say they were religious, I said they were deists. It may have been cultural, but aside from Jefferson, they referred to God or Providence as something that existed.
Perhaps it is you who should return to school, although I suspect it is there that you picked up your biased views of history.
ShaunaDDye 1 year ago
@ShaunaDDye wrong again,look up religilious and get edumucated:)then you can talk to me about history:)
gmanthebeast1 1 year ago
@gmanthebeast1 Perhaps you're unfamiliar with debate, but just saying that you're right and someone else is wrong over and over isn't a winning point...I sense you are an intellectual midget and so I will waste no more time talking with you. Good luck in your life!
ShaunaDDye 1 year ago
@ShaunaDDye still no proof from this dunce?NOPE.Youre still wrong,sorry son.
gmanthebeast1 1 year ago
@macman3430 hands,that we dont solve our own problems at all anymore.A country full of failures and pussies,I love religion
gmanthebeast1 1 year ago
The major factor (failed to mention) is gas prices. We can all agree that subprimes brought down the market, but what made those with the sub's stop paying their bills? I am willing to say gas prices. The last thing a poor family will pay is the mortgage cause it's the last asset to be taken. They had to chose to pay for gas over it. Hence, a large maj. of subs failed at roughly the same time. Other factors contrib., but i believe gas prices at the time were at the heart of the collapse.
scrappmutt2 1 year ago
Watch "Population Reduction" by Dr. Rima. Cross reference Keith Olbermann and Habeas Corpus and watch your Bill of Rights thrown out the window. Look into the U.S. Spy Bill -HR6304. Watch HBO's Hacking Democracy and look into the continuous vote fraud through Black Box Voting dot org Watch "National Security Alert" Watch Richard Gage's Presentation at the Manatoba University. Watch "Fall of the Republic" Watch Hyperinflation videos by inflation.us. I'll be at "The Tea Party Truther" Facebook
disheartedheart 1 year ago
Type out illuminati backwards on any search engine. The NSA site pops up along with other sites with itanimulli search results. Sure you can redirect a site to another, but if you did, Google's or AOL's search engine would only list NSA sites. itanimulli wouldn't pop up at all unless the NSA site itself had the itanimulli keyword listed on the NSA site. Do you want to know more about the Illuminati? Also, watch Norman Dodd on Tax Exempt Foundations.
disheartedheart 1 year ago
@disheartedheart I didnt find that true with the search engine, but the website itanimulli takes you to the NSA
Culture261 1 year ago
@Culture261 That is strange, because that is what happens when I type out Illuminati backwards. Try different search engines. It can't be only me.
disheartedheart 1 year ago
Read "Proofs of a Conspiracy by John Robison A.M. 1798" Rewritten by the Americanist classics in 1967. It talks about the Freemasons, illuminati, a One World Government. It also states in the pretext that their sub-objective is to take control of mainstream media after establishing lodges in the United States. This is the book our government doesn't want you to read.
disheartedheart 1 year ago
is this like hyper trading?
digitalbots 1 year ago
look passed the surface. why did these bank start using "non-traditional"/ "creative financing" ways to start lending? they were sub prime-loans were getting pick-up by fanny and feddie. I can't believe people can blame this on any else beside political crusades to have "equal" approval rating for mortgages even if the person isnt financial stable
tensortrucks00 1 year ago
"They were careless people, Tom and Daisy -- they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made" -- The Great Gatsby
A society that has no value that can compete with money is in the process of dying if not already dead.
tom6612 1 year ago
It started with Jimmy Carter and STAGFLATION, then Reagan slowed the decline down a little. Then Bush no. one and his NAFTA AND NEW WORLD ORDER AMBITIONS SET aMERICA UP FOR FAILURE as factories were carted off to China. Next Clinton got in and manipulated everything and set the stage for the banksters to rape ordinary citizens in future years. This was followed by Bush two who didn't have a clue. Big money ruled. Then comes more Bush two {OBAMADANISM} disguised as change and resulted in ruin.
veniceit1 1 year ago
@veniceit1 best post on this video,well done
gmanthebeast1 1 year ago
we have so much technology and ingenuity to help us create lots of wealth, more wealth than anyone country can handle and yet those in charge find a way to ruin our lives by bankrupting us. Bush and the GOP are mainly to blame. They are extremists who will stand for nothing other than expensive wars, tax cuts, and the destruction of the middle class. But they don't necessarily carry it out...they just allow Wall Street billionaires to do it. Wake up people!!! This NEVER SHOULD'VE HAPPENED!!
dalecampbl7 1 year ago
This is important but not what caused the Collapse. This stuff happens all the time. For Example-- May 5th 2010 flash crash-
Goldman Puts were 1 penny at the open. at 2 pm they were $19. That means just $100 worth of puts would have made you 1.9 million in a few hours. Someone bought a crap load of those puts who "knew something." Later that day we find Goldman gets charged by the SEC for fraud.
Its obvious here Goldman shorted their own stock as did people involved in the case.
-Daytrader
terminator007007 1 year ago
I believe there is a conspiracy among conspiracy theorists. These people have paranoid personalities. Everything is a conspiracy; nothing is as the obvious facts conclude. Facts are rejected, twisted, discounted, and proclaimed to be propaganda spread by "them", those that are out to "get us" and the "destroy the world" so "they" can control the mess that "they" have caused. These are weird and somewhat dangerous people.
AlShaddai 1 year ago
FK CAPITALISM GO SOCIALISM :D
mofine4ever 1 year ago
Excellent videos, but if you think that Micheal Moore would make and objective, truthfull documentary about anything, then you are just as misguided and blind as the SEC. Just because he will make a piece of propaganda that supports some of your POV doesn't mean you should sell your soul to satan. You may have made the suggestion in good faith, but if you have seen any of his films you should have known better.
raymac2008 1 year ago 9
@raymac2008 To be fair, I've not said anything positive about Michael Moore here -- only that he was making a movie and sought input. This issue transcends party politics and I'll talk about it to ANYBODY who will listen. And I do appreciate your taking the time to do so.
writerjudd 1 year ago 6
@raymac2008 First off... the word you're looking for is subjective. second... there is no such thing as a subjective documentary... third... If he tells lies, than you should collect your $10,000 prize,because with each of his movies he offers a $10,000 reward to anyone who can prove he was wrong. So far no one has been able disprove a single thing he said in any movie... by the way difference of opinion does not count. Good day (:
DarkHumorist 1 year ago
this song creeps me out
JJx7894 1 year ago 2
i tought it was idiot bush that caused this
Huero082886 1 year ago
Comment removed
MartinDHash 1 year ago
@MartinDHash Lehman and Bear were probably doomed. Who knows for sure? But this I do know: it's not up to a group of hedge funds to make that determination through deeply disruptive manipulations. Let the real market work that out.
writerjudd 1 year ago
@writerjudd
That was the real market! As Michael Lewis ("The Big Short") so exquisitely detailed, when it became clear that those "banks" were doomed (due to reasons that had nothing to do with short selling), the vultures decended. There was no manipulation in the illegal sense.
MartinDHash 1 year ago