Keith Olbermann: The best explanation of the causes of the financial crisis you'll ever see

MSNBC Countdown's Keith Olbermann explains the myriad causes of today's economic crisis. This is the best, most understandable, concise yet comprehensive telling I've yet seen. Why should we care? From Keith: "Unless Americans see what happened, the same people who broke the system then will succeed in keeping it broken now for their own gain." http://rushhannitywatch.200gigs.com

Category:

News & Politics

Tags:

• keith olbermann
• financial crisis
• msnbc countdown
• recession

[DarkestOne7]

average Faux News watcher IQ =80

alot of dumb hicks watch trash, no suprise there

[DarkestOne7]

"where you can milk your goat or marry her" You have mistaken me for somebody from Alabama. There is about 20 million white trash in US if that was the question. The loud, dumb,know-nothing, uneducated Faux News watchers and Limbaugh listeners

[starcorpvncj]

How can we push this guy's 'off' button? He does describe some immediate causes. However, the really long term causes were: idiot so-called experts like him constantly giving wrong analyses; public greed; loss of discipline among the people's of the West due to drugs, over easy living, political correctness and positive discrimination; false belief in an 'American Dream' that ended decades ago; finally the main cause: blind support of the Zionists and of land-grabbling Israelis ruined the US.

[starcorpvncj]

How can we push this guy's 'off' button? He does describe some immediate causes. However, the really long term causes were: idiot so-called experts like him constantly giving wrong analyses; public greed; loss of discipline among the people's of the West due to drugs, over easy living, political correctness and positive discrimination; false believe in an 'American Dream' that ended decades ago; finally the main cause: blind support of the Zionists and of land-grabbling Israelis ruined the US.

[wph00]

Lets not mention Clinton and the Community Reinvestment Act passed by your Democratic congress forcing banks to give out loans to people who could not afford to pay the loans back. Lets not discuss Barney Frank for Fannie May and Freedie Mack who who bought up the bad loans and then made major loans to the Democratic Congress members. Yea, I know many of the banks gave sweet heart loans to your favorite democratic congress members but thats ok after all its a perk of office isn't it....

[C0nstituti0n]

@crgglsn Do you think a progressive collectivist for

massive government control of the population likr

Oberman will mention facts. They want more of these

"Crises" so that the government can take over more of

the economy. These "Crises" are manufactured to scare

the populace into submission.

[MrClaydough]

Scoosse dipwads, but the party in power always gets money to 'buy bills' favorable to their business. Duh? Bush 8 years and 12 years of R congress to do something. Like cancel tax cuts for the rich, or change all the de-regs.

Make no mistake...we need a full 'broom' to sweep all the crap out of 'banking laws' and hookers who walk the halls of congress. Regardless of R's or D's.

[fishinwflies]

This guy could not be more full of crap.

[crgglsn]

In 1999, under pressure from President Clinton, Fannie Mae eased its qualifications for loans to be purchased from banks to "encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans".

No mention of this by Olbermann, as if it had nothing to do with the crisis.

[dukee155]

What about the feds 1% interest rates fannie mae and freddie mac could that be the problem too?

[MisterRightWing]

Strange reply out of left field...be well

[procommenter]

"MisterRightWing": I shall work tirelessly, over the next odd-number of days, to broadcast your comments to a wider audience through E-mails & the like. Your family will be astounded as to your clever word-play in this public venue.