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Uploaded by on Aug 29, 2011

Glenn Hubbard backed into a corner.
Excerpt from the film "INSIDE JOB" showing how members of financial academic institutions were payed huge sums of money to write reports showing the then $62 Trillion credit default swap derivatives market was perfectly safe!!!!
Astonishingly the banks have massively increased their use of these high risk derivatives since 2008 rather than stop. As of December 2011 the entire derivatives market has increased to $707 trillion of which JP Morgan Chase, Bank of America, Goldman Sachs and City Bank currently hold $249 trillion of that global derivatives risk.

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  • The evil bankers, and financial nerds are using the technique of flooding the primaries...with evil would be candidates. I just learned that Herman Cain is a former Federal Reserve employee. Yeah, that is what I want to trust right now. That is their strategy to rig the elections by flooding with shitty candidates. The only real candidate is Ron Paul.

  • You have 3 minutes bitch!!!

    Give it your best shot!

    U MAD GLENN?

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  • YOU MAD BRO?!

  • @shaxincat There is never a moment when the market isn't unregulated. The idea of a unregulated market is a straw-man. The issue is, who should do the regulating? Should politicians who can be bought off at the drop of a dime regulate, or should the consumer, who is incorruptable in his own agenda, regulate through his buying and abstention from buying? You'll have to forgive me for trusting the consumers over the politicians.

  • @shaxincat i do understand why you say gov't power to interfere in market must be minimized, but my point is that you seem to only be seeing half of the picture.

  • @TheManiacalSatanist6 that makes no sense. here's what you said:" If financial giants are controlling the government, then the government must first and foremost be dealt with." government is the puppet. you can do anything you want with the puppet, and the puppet master will find another one. restricting what government can and can't do with the market won't change anything, financial giants will find another way to buy politics and gain unregulated power over the market

  • my town own its own power company but our town council sold it off(DICKS)they made a quick duck but we are now paying for it,having to pay over priced energy,why because the ceos only want profits so they can give themselves overpriced salaries and huge bonuses,how corrupt is tjis world (or should i say the human race)1% of the human race has all the money the other 99% has sweet fanny fuck all.so theres my ideas on it.

  • next once that asset is totally fucked and run down and the private company that brought it has made as much money as they can for it they decide they dont want it anymore and we(the government)ends up have to buy it back,fucked recked and at a higher cost to buy it back,plus then the tax payer has to pay to fix and repair the asset.STOP SELLING OFF THE TAXPAYERS ASSETS JUST TO MAKE A QUICK BUCK ARSEHOLE.next regulate,regulate regulate,there should be profit caps put onto big companies(gensis)

  • how dumb are we cause we always tag along,i mean our stupid government are talking about selling off our assets to help pay off our debt,how stupid is that??we all know what happens when a country sells its peoples assets off(HEY KEYS ITS NOT YOURS TO SELL IT BELONGS TO THE TAXPAYERS OF NEW ZEALAND SO KEEP YA DIRTY MITS OFF)so what happens when you sell off our assets first they lay ppl off second they dont take care of that asset and third they up the price to the ppl,and all for what PROFITS

  • i brought this dvd from amazon.im from new zealand,the start of this dvd stating what iceland was once like(which i call as close to heaven on earth)was horrifing to me,how can a government do that to their own country and tax payers,this country is now screwed like all other western countries,why is it we all follow in Americas footsteps,i mean new zealand is probably about 10 yrs behind america and we watch their fuck ups and ya think we would learn from their mistakes but

  • ron paul can not fix a broken idea its funny you all say ron paul is THE ONE he is another politician regardless the money system is a flawed by design concept. Even if ron paul is "the one" it will only extend the longevity of a broken concept and that is the monetary system in general.

  • angry nerds want revenge on thier bullies if you ask me everyone needs a personal pat ont he back a friend a pscycologist lol.

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