Walter E Williams - Housing Crisis Culprits

Dr. Williams explains how self-serving politicians used government intervention to create housing crisis---which led to the bailout of the banking system and has served as the basis for today's massive expansion of government. http://www.libertypen.com

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News & Politics

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• housing
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• mess
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• care
• tar
• feathers

[CommSense]

excellent. this video needs to be circulated. It's short and to the point. Wonderful.

[SchnickTech]

(Sigh)

Why can't socialists in Washington make their own country on an island somewhere and do their non-sense in their own country where it won't effect the U.S.?

Actually, I hope that the part of the Washington D.C. mall that has the U.S. Capitol building detaches from land and floats out to the Atlantic Ocean with all our legislators. Then the President declares the island not part of the United States. Therefore all of the legislators can create their own country (see above for rest).

[diogotomediogo]

state heath care works in europe very well. health should not be for profit. anyway nice video on the housing crisis. i really like this guy

[lucas5101]

exactly.....great speech Williams.

[MrHambergator]

@shaqdaddy11 Ha, a little bitter? I would say a just society would call for his resignation and not vote for him.

[MrHambergator]

@SchnickTech This country has all the money. No one with money would move to that island, so it would not have any cash to steal.

[masakmerah]

WOW.....the connection he made between the housing market and "affordable Healthcare" was sooo powerfull it shook me up!!!

[iggerdanus]

@erwin ..That is the reason that the stimulus hasn't helped as much as it would have otherwise, banks aren't interested in the sort of investments that created middle-class jobs. Which is why they are getting money for 0% from the Fed (or very near it), and will quote you a rate of 5% or so for a loan, same as when they got the money for 2 or 3%. They don't really want to invest capital in our traditional economy.

Yeah, I'll tell Walter Williams, he'll use talking points tho, like he did here

[iggerdanus]

@erwinthehamsandwich Well they got rid of enough regulation that the banks ventured off into the shady world of financial speculation, which is what Glass-Stegall prohibited from doing. With capital gains taxes cut, well you can see a result of that if you're willing to take off the Right-Wing blinders: to this day the commercial banks are profoundly uninterested in traditional investment- small business loans and such, it just isn't lucrative enough, or certain enough for them. (cont) 

[erwinthehamsandwich]

@iggerdanus You're right. They should have gotten rid of all financial regulation. And I'm pretty sure that's what Walter Williams thinks too.

[iggerdanus]

@Islam781 Maybe I'll call next time he's guest-hosting Rush Limbaugh's show.

[Islam781]

@iggerdanus Why not try responding to him yourself? I would love a bigoted ignoramus such as yourself going up against an economics professor.

Do it. Look him up, email him, or whatever you need to do, and see what his response is. Because right now all I see is your word against his (excluding the fact that mountains of data supports his claims)