Furthermore how did the Bankruptcy abuse prevention adn consumer protection act cause this? No allowing people to file bankruptcy so quickly should have made them more prudent, not less. Clearly people simply didn't pay any attention to the law when they bought a house for $400K when they only make $30k (or in many cases way less). Also, tell me again about how tough the SEC was BEFORE Bush? Tell me about how they prevented Tyco, Enron, et al. from taking place?
How exactly did the repeal of Glass Steagall cause this? Most people in the know realize that if that had been the case, the problem would have started in Europe, where they have never had anything like Glass Steagall. It's a canard. They say it, but they don't explain it. Most of the banks who were the most deversified were among the most unscathed by the crisis.
I don't give a care what you call yourself, if you want real CHANGE, get rid of fiat money controlled by the Fed. Government involvement (Fannie Freddie) and the Fed (thanks for the cheap money during housing bubble) infected us with this disease, it is ridiculous that we run to them to cure it.
This video is full of half truths and half lies. Why can't demacRATS and republiCONS tell the whole truth? It was barney franks and the whole Fannie-may.freddie-mac group that got us into this mess, not G-Dub(although his deregulation bills didn't help much). This guy is a puppet and a mindless tool. BTW, vote for yourself. It wouldn't be a total loss. Glad McCain lost, wish Obama would have lost, too.
That's all fine and dandy, but what about the Democrats who pressed Fannie and Freddie to pledge to buy all of those loans that would likely never get paid back. Without those, we would be doing a heck of a lot better.
Both parties are at fault. Throw them all out. Let the banks fail. Let the people lose their houses. Life is hard. We can come back.
This guy is a partisan boob. To say all of this and not also admit that the Democrats played a HUGE hand in the meltdown is fraud.
FFGG22E 5 months ago
Furthermore how did the Bankruptcy abuse prevention adn consumer protection act cause this? No allowing people to file bankruptcy so quickly should have made them more prudent, not less. Clearly people simply didn't pay any attention to the law when they bought a house for $400K when they only make $30k (or in many cases way less). Also, tell me again about how tough the SEC was BEFORE Bush? Tell me about how they prevented Tyco, Enron, et al. from taking place?
FFGG22E 5 months ago
How exactly did the repeal of Glass Steagall cause this? Most people in the know realize that if that had been the case, the problem would have started in Europe, where they have never had anything like Glass Steagall. It's a canard. They say it, but they don't explain it. Most of the banks who were the most deversified were among the most unscathed by the crisis.
FFGG22E 5 months ago
Democrat / Republic / Independent
I don't give a care what you call yourself, if you want real CHANGE, get rid of fiat money controlled by the Fed. Government involvement (Fannie Freddie) and the Fed (thanks for the cheap money during housing bubble) infected us with this disease, it is ridiculous that we run to them to cure it.
QuestionsAtoZ 3 years ago
This video is full of half truths and half lies. Why can't demacRATS and republiCONS tell the whole truth? It was barney franks and the whole Fannie-may.freddie-mac group that got us into this mess, not G-Dub(although his deregulation bills didn't help much). This guy is a puppet and a mindless tool. BTW, vote for yourself. It wouldn't be a total loss. Glad McCain lost, wish Obama would have lost, too.
leviwoods 3 years ago
Thanks for the video. Where can I get info like this to read from books?
calligraphypen 3 years ago
That's all fine and dandy, but what about the Democrats who pressed Fannie and Freddie to pledge to buy all of those loans that would likely never get paid back. Without those, we would be doing a heck of a lot better.
Both parties are at fault. Throw them all out. Let the banks fail. Let the people lose their houses. Life is hard. We can come back.
nella911 3 years ago
Excellent video production.
aukxsona 3 years ago 2