Who's to blame for the crisis?

Who's to blame for the economic crisis, what should be done to solve it, and when will it finally end? The Resident, Lori Harfenist, takes to the streets of New York to find out what people in Americas top city think of it all.

Category:

News & Politics

Tags:

• Lori
• Harfenist
• The
• Resident
• economic
• crisis
• credit
• crunch

[TheFlex21]

BLAME OURSELVES

why???

because we remain sheep and let the Fed, the Neocons, and the zionists FUCK SHIT UP

[gr1Mo]

Pathetic, No one has the knowledge, or enlightenment that the Federal Reserve and International bankers are the ones to blame. They've been orchestrating depression's as long as the federal reserve and National Bank act have been in place. As well with Fractional Reserve banking. It's just sad that know one cares to know the truth, or bother to spend a saturday researching about it, at least.

[shockolanu]

2:25 is a true moron. He should get his shitty head examined. In fact, all of you fuckers should get your brains examnined and fixed!

[smalltime0]

The low interest rates came from the high competition for government bonds from foreign companies and countries, which lead to lower yields being offered. Once the government starts borrowing for less the official rates decrease

I thought we were arguing over whether deregulation or regulation. The legislation passed was not intended to promote risky lending practises, as banks should not lend unless they can get a return. Of course the decrease in regulation and oversight resulted in bad loans.

[WACCIMark]

END THE FED!!!

RON PAUL 4 LIFE!!

[troglodyte3344]

ahhh. my annoying is back. POW's? lmfao. now i know your a dick. fuck off.

[printo69]

So the federal government passed legislation (CRA) altering banking practices to promote and encourage risky lending behavior.

How is this not government intervention again?????

How is this not the governments fault and how is this not the fault of the Federal Reserve for flooding the banks with credit with historically low interest rates thus creating the housing bubble?? Government sponsored agencies guaranteed these loans.

This is blatant government intervention in the banking system.

[blackxavior]

I love how you present your idiot opinions as fact.

Concentration camps hold select portions of the population native or residing in a country for the purpose of punishment or extermination. Gitmo has POW's smart guy.

[smalltime0]

No they didnt, Congress approved measures which allowed commercial banks to essentially ignore the creditworthiness of a potential borrower and issue a line of credit, as the bank/lender could just sell the debt to another financial institution... Thats deregulation and the low oversight.

[printo69]

There's a difference between regulation and oversight. There was too much regulation because the federal government forced banks to hand out sub-prime mortgages. The government was controlling how the banks did business. There was no oversight because there was clearly no supervision of the banks by the government (who forced them to make bad loans) to make sure everything they were forcing them to do was kosher.

There was no deregulation. The government forced the banks to make those loans.

[simplysalvia]

lmfao. england ruled a third of the world for 500 years. you've had it 50 years and now china and india have taken over your ass. go do something dickhead. ergo go fuck yourself nob end.

[GoebbelsJr]

Ergo your island is a festering pile of Jewish manure - and on its way out.