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The Bailout Rap

A rapumentary addressing the wall street bailout. the sequel to the subprime mortgage blues also found on youtube words written and performed by 47 year old stockbroker Gregg Somerville music com...  
 
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This is a video response to Late Show: The Sarah Palin Debate Recap
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bulbheadmyass (1 week ago) Show Hide
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This is an awesome song, I love the lyrics. This is going right into my Economic humor playlist. A million stars.
MrMickenval (3 weeks ago) Show Hide
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"It is hilarious to see so many Americans completely lost about basic facts about their economy "

It´s NOT hilarious. it´s scary, it´s shit! -how Americans has completely let their bankers to destroy the countrys possibilities in further success in the global economy.

US was great in 80´s, became
suspicious in 90´s, and now after all bailouts, all stimulus packets out from the air with virtual money and bankers still yelling after bonus...

US is a total bluff! how get we rid off them?
Topikatintalo (3 weeks ago) Show Hide
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Reading comments on this video is both hilarious and scary. It is hilarious to see so many Americans completely lost about basic facts about their economy and its realistic possibilities and options. Get this: Free Market is a Myth. It's scary because there remains possibility that lunatics (I mean guys like Ron Paul and his followers) really start running the place with help of their right-wing christian and neo-con political allies. The mess that this would create globally is less hilarious.
wannabe023 (1 month ago) Show Hide
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THIS IS PIS WATER FUCK LOSER btw i loved it
holmesc21 (3 months ago) Show Hide
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Nice!
lucasleonamlopes (3 months ago) Show Hide
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Good!
yuurepoer (4 months ago) Show Hide
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lol its because ppl payed for there stuff with money that didnt even excist :P
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perkcolater (4 months ago) Show Hide
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Sorry you're wrong Scoforever.

The regulators; the FED, the Office of Thrift Supervision and the Office of the Comptroller of the Currency ALL failed to do their jobs as well as Congress failing to regulate Fannie and Freddie. So in reality there was no regulation.

Also there was little or no regulation of Credit Default Swaps and other derivatives which trade OTC and is really what caused the financial meltdown last Fall.
ThePirateEconomist (1 month ago) Show Hide
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Yar, ye be wrong. Bailouts be regulation in of themselves. Here be some economic theory for ye:

Corporatism: Regulation to help Big Bussinesses
Socialism: Regulation to help the poor. In practice, due to political greed, it turns fast into Corporatism.
Free Market: No Regulation.

Yar, and yer "Failed Regulation" argument just goes to show that Regulation FAILS! Why ye be wantin' to impliment more of a failing system?

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