What Led to the Financial Crisis?

[HomerDBraver]

In November of 2000 when I heard that ballot boxes disappeared in Florida,I turned to my friend and said:we're going to war with Iraq and the economy is going to collapse.Didn't need a 'crystal ball' to see that coming.

[polygamous1]

If i was the Russian President/PM i would Not accept us$ for my gas oil gold or anythig else want what i have then PAY with real money based of Gold/silver n guaranteed but the US or anyother Gov nor a bunch of bankers that do not even say on their paper money I PROMISE TO PAY THE BEARER what is Best a Real silver $ Lincpn's greenback or the BS monopoly $ now? based on FA guaranteed by No one can be made worthless ANYTIME by the same ppl u print it u think i'll sell u my precious OIL for that?

[sharkloaner]

fuck you , bush!

[hotrodguitar1]

lol

[caganb]

Solution: Don't loan money to stiffs!

[Odezki]

we got to this point because of the stupid american people who borrowed money from banks even when they couldn't pay back 4 example:

american who can afford a house worth 100 000$ ,but he buys a house worth 200 000$ and when many people do the same this is what you get so thank u americans!

[DarthMai]

And it is because of Government intervention forcing banks to give home loans to risky home buyers who can't even pay. And Republicans didn't push hard enough after they brought this issue about Fannie Mae and Freddy Mac. Why is there no one held accountable for this economic sabotage??

[polygamous1]

FA to do with americans at all they work they produce they have top technology BUT all they have to sell all they produce in US$ that r Printed at will with FA reserves man are u MAD its no different to me printing money everybody has to use in their dealings work 24/7 if u can produce the best the most n the cheapest so what ALL i have to do is print more n buy all your property Gold silver u work for a year i print in few seconds WTF is the idiot? americans work as hard they r Robbed silly

[WakeupsCall]

"What led to the financial crisis"?

Freely available credit. Decades of it. You know, where you don't have to bust your ass to buy anything; you can just buy it on credit. The U.S. as a country did it (buy borrowing from every other country), and the U.S. citizen did it (by borrowing from their banks).

Guess what happens at the end of greed? Bye-bye America!

[rambo753]

i am waiting for the US to collapse. this is the only good thing in this mess. the entire world is waiting for it.

[rambo753]

of course I am sorry for the common american people, who are not responsible. but that system is ill and unjust and has no other fate but to collapse.

[gigman7]

Will not collapse.

[KhmerD0g]

will collapse, but slowly.

chrysler will file for bankruptcy. it is far more profitable for the bondholders that way. why? because the bondholders bought insurance (derivative) just in case chrysler bankrupt. u will have to wait after the bank stress test data is released. it would be interesting to see what will stock market do.

[iamserious00]

And you might be wondering "Well, that always happened..." Yes, but this time, in a larger proportion. All this led to a huge loss of money to the banks, and what led to the crisis was that huge businesses went bankrupd, because banks wouldn't loan money to them, because they didn't had any.

[iamserious00]

I have a simpler explanation for this.

See, people borrowed money from banks to buy property, but then, they couldn't afford to pay back the money, so, the banks got their properties. BUT, the problem was, the properties had less value, and even if the bank sold their houses again, they would still lose money, because the houses were cheaper. The people that would buy the property, would pay less for it, and the bank wouldn't get the money from their first loan back.

[OgeronimonominoregO]

Peter Schiff and Ron Paul and others predicted this YEARS AGO.

Associated Press! Who owns you creeps? Let me guess.

Yeah, it was all lack of regulation and bad loans. Don't ever talk about the REAL ROOT CAUSE. Don't talk about where all this "money" comes from in the first place! Liars!

Yes, let's regulate! REGULATE THE FED! Let them open up their books and let them be investigated. Private money monopoly - and every idiot is talking about bad loans! Ha!

How they must laugh at the sheep!

[bankruptfeller]

Predicted crisis in 2007, and over 1.5 mil views ?

watch?v=zORv8wwiadQ

It stunned me!

[sallee5]

I do not trust Paulson and Bush is wrong. Notice Pelosi and the other thugs are all for this, because they are knee deep in Fannie Mae. The CEO of Fannie Mae, Johnson was on Obama's VP search team, but the media is hiding that fact. How come AP left that out of this story?

[bgturk]

The explanation of this crisis is very simple - the Federal Reserve is to blame.

[electricityfan]

The whole problem with this system is that the money we use is just as valuable as monopoly money their is no intrinsic value in papper money that isnt backed by gold.

The current value of the dollar is somthing like 3 cents of the original dollar when it was backed by gold and soon it will be worthless altogether.

The Federal Reserve is a private bank, their is nothing federal about them they are as Federal as Federal Express.

[electricityfan]

And since the Fed are a private company why are we allowing them to do this to America and the whole world.

Everyone should read the constitution it says that the government is supposed to control money not a private bank who dosent answer to anyone, and that the money was to be backed by gold and silver only, so the value cant be manipulated to make rich people richer and poor people poorer.

[monkeyman1140]

PLEASE don't call the bailout socialism. When you have money coming from the poor going to the wealthy it is NOT socialism!

Its theft plain and simple from people who worked hard, saved their money and trusted wall street.

[OgeronimonominoregO]

Yeah, it's fascism actually. The merger of big gov't and big business. Socialism would actually redistribute. This does the opposite. Both are wrong, but redistribution would actually correct much of the problem caused by the Fed in creating this depression.

Their easy money created the speculative boom, and the bust hurts the poor and middle class while the ultra-rich have their bad debts paid for them. And most of the Dems just lined up to vote yes!! Isn't that amazing? Pure evil.

[rambo753]

it is dictatorship of finance, not fascism. at least fascists were not puppets of bankers and people knew who was in charge.

[504pro]

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

This IS NOT how America operates...

[97pattan]

Big Bang theory! its everywhere these days. hahaha...looks like Big Bang theory is going to become the theory of everything (TOE) that the physicist are looking for.

[sallee5]

This happened because Clinton and the rest of the liberals pushed for loans to blacks, hispanics and illegal aliens with bad credit. Bush even wanted more minority ownership of homes, but he wanted it better regulated and the DEMS SAID NO in 2005. This is the truth. AP can not be trusted.

[Stiagra]

what? The majority of the loans went to white people. You are fuckin piece of racist shit. Go There was a surplus before bush came into office you dumb white trash bitch. Now we have a 6 trillion dollar deficit, two wars, and 700 billion dollar bailout. Go fuck yourself and shoot your family. PLease!

[monkeyman1140]

Democrats didn't run any houses of congress in 2005. They retook congress on January 3, 2007.

S190 was killed by the republican controlled congress, and frankly it was a DEregulation bill, not a regulation bill.

Bush had never pushed for any regulation, he even fired the SEC chairman and replaced him with Chris Cox who was more corporate friendly.

[fraMichigan]

The Money Masters

view_play_list?p=D54B17D16BE71­ 2CE

Carrol Quigley is not a "Theorist."

uploadwave(dot)com/file/3867e6 1fd/download.html

[santasxgirlfriend]

i drive my old paid for vehicles and can afford my fixed rate mortage home- i dont feel sorry for people who refuse to read what they sign or live way beyond their means--wall street can go to hell

[LU29UN99]

good, I hope everything collapsed so that illegal rats move out of this great white nation. they take advantage of everything, they cheat on taxes, they have abortions, they bring diseases from South america, they

create criminals, etc.

[silvercityblue]

wow you saw all the cash that would buy a lot meds for sick people

[EVM3point0]

the election is a joke don't take it seriously. this bailout is a joke also.

[isegoria1]

With all these dickheads talking shit about socialists you would think America has lost its damn mind. These people should get a little stool in a corner with their special hat.

Just a guess these are the same mungotards who keep polluting the world with their 911 conspiracy theories.

I would rather have a supposed "socialist" than some old corpse running the country.

And to think they let you pricks vote?

[gungagin]

The war and all of the deregulation sure didn't help...

[chefsanders70]

Obama 08!

[Testsubject2]

Obama!!!

[Emudesc]

its because of bush and his bullshit war!

america will never forget what an american did for its country...

FUCK YOU BUSH!

OBAMA 08

[Nekcalb]

Your ignorant, voting in a socialist isn't going to help your wallet either.

[Emudesc]

what do u mean by "either"? are u saying McCain isnt gonna help us "either"?

[Emudesc]

i ment to say america wil never forget what an american did to its country