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Burning Down The House: What Caused Our Economic Crisis? Bombshell

This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed s...  
 
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rickrfe (2 days ago) Show Hide
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It's fine to put families in homes. What are we all about anyhow? It used to be simple. The president worked on getting people in homes and getting jobs.

Now it's war and Wall Street. Gov could care less what happens to homeowners and jobs now.

Lenders were allowed to creat securites out of loand which were graded A+ sold them to foreign Countries China. We bailed them out with tax dollars. All under Bushes watch. Funny how it goes back to 95 or 96 that's a Joke!
bollo3000 (3 days ago) Show Hide
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I looked up the wiki page on the CR Act that you showed & it says this:

"Some economists, politicians and other commentators have charged that the CRA contributed in part to the 2008 financial crisis by encouraging banks to make unsafe loans. Others however, including the economists from the Federal Reserve and the FDIC, dispute this contention. The Federal Reserve and the FDIC holds that empirical research has not validated any relationship between the CRA and the 2008 financial crisis."
PawtucketPatriot66 (4 days ago) Show Hide
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Corruption is a plague that encompasses all of Washington DC. When the R's held congress they blew it with their corrupt and greedy acts. Now the D's run the show and they have proven to be more corrupt than the R's. How MA and CTcan keep re-electing Barney Frank and Chris Dodd is beyond me. Now whe got the corrupt Chicago political machine in the White House. The Obama Administartion will go down as more corrupt than the Harding, Nixon and Clinton administartions comdined.

God help us!
tonester09 (1 week ago) Show Hide
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I kept away from the "too good to be true" morgage lending, i also kept myself from having any sort of loan. The reward i and other people with half a brain get is having to bail out the greedy. It makes me wonder just who is being punished.
strent2583 (1 week ago) Show Hide
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Chris Dodd... "the root cause of this is the housing forclosure crises..." Affordable Social Housing brought to you by CRA and the Democrats. Want to know why the economy has yet to turn around? Its because you people in effect elected an arsonist to put out the fire. The same people who cused the housing forclosure crisis with CRA and community organizing groups who filed lawsuits forcing banks to follow Federal law (CRA) are now running the country.
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Andrey16rus (2 weeks ago) Show Hide
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In the world all is connected one company has refused (turns have fallen), this company has ceased to buy accessories from others (at others turns too have fallen) and so further...
Andrey16rus (2 weeks ago) Show Hide
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In other words the USA completely in debts also cannot pay for obligations... To Receive a simple paper for the real goods have started to refuse. Chain reaction worldwide also has gone...
Andrey16rus (2 weeks ago) Show Hide
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Problem in a soap bubble:) the USA distributes all the state debt bonds and prints a paper (dollar). The dollar is not confirmed by obligations (for example gold)
egginanest (3 weeks ago) Show Hide
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Jimmy Carter was so impressed with the strong-arm tactics of Chicago community organizers (ACORN) playing the race card against banks (redlining)....he created the community reinvestment act.

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