CNN - House Call - Credit Crisis - 09.01.07

Peter Schiff segment on the credit crisis.

Category:

News & Politics

Tags:

• Housing
• Bubble
• Real
• Estate
• Collapse
• Credit
• Crisis

[Sofunnylol]

This guy is my hero!

[texan176]

She is a total imbecile pretending to be a populist reporter defending the little man for his own stupidity. BTW, she probably lives in an area where they call the cops on you if you are the wrong color or are behind the wheel of a car that retails for under $50K so it is beyond being an imbecile when she defends the speculators.

[ddd1600]

@texan176 FAIL

[KillerBeeKiller]

Here we are almost 4 years later and he was near perfect in what has actually happened.

[johnnyfreezze]

For the Bush Presidency the department of Consumer Affairs was a serious road block. So after 911 occurred, the Bush people ever so carefully shut it off right under our noses. And not one of us even noticed it was gone. All of America got blind-sighted by terrorism.Consumer Affairs protected all of us by shutting down businesses that ripped people off. The housing crisis is a direct result of the banks giving American consumers a bad deal.

[luxedge]

WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

Another Bush stroke of genius. This guy was the greatest lunatic ever to lead the US.

[finiworth]

I just went to the bank to close my acount, and they said that I could only withdraw $350 dollars a day or I would suffer some penalty fees. When I got mad, the bank manager came and said that it was a new policy to help with the bank's "liquidity" problems and it was only temperary. It will take me like a week to get all of my money now. I'm scared.

[MajNorberg]

Nanny State Alive and well!

[Paetaor]

Get a copy of Crash Proof. He puts what has happened over the past two years in perspective really well. And it was released Feb of last year so to discount what he says now would be assinine.

[giantfruitsnail]

this was the most stupid & arrogant act, every made by the USA, and they did quite a lot. Few years ago they asked european banks to join and create a safty-control-organ in each country, to secure stabile tax-conditions and controled financing and trading - when it was finished, the USA had withdrown and said the wont join, because it would influence thir free-market economy badly. Now the came again and asked europe for help to save the USA...now its time to face a REAL crises, dumb a**es

[aviomaster]

FUCK life in USA ...