BILL MOYERS JOURNAL | Mortgage Mess | PBS

Shaft2009 -- Do you have an answer , why , banks borrowed so much money ,
WHY did it happen , they were not borrowing money , cause , BUT bacause goverment guranteed their loans , which means if loans go bad , goverment is going to buy them , and it is hapening , goverment bought failed mortgage companies.

The federal reserve is a PRIVATE bank that charges a % interest on each dollar it prints out and loans it out to our government to fund their projects.
The more money it prints, the more profit it makes, and the less the value of the currency, additionally the taxes we pay are used to pay this debt to the bankers who own the Fed, most taxpayers do not know that we're borrowing our own money.
We should be printing our OWN money, and ABOLISHING the Federal Reserve, and stop paying the bankers.

The federal reserve is a PRIVATE bank that charges a % interest on each dollar it prints out and loans it out to our government to fund their projects.
The more money it prints, the more profit it makes, and the less the value of the currency, and the taxes we pay are used to pay this debt to the Fe, most people do not know that.

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How sad!!!

the people who have made the money creating this mess runaway with their reward leaving taxpayers to pay for clean-up. This is what happens when there is no regulation of the banking institutions.

Banks cannot fail if the US Gov keeps supplying them with liquidity. This is creating tremendous inflation we are going to feel once the banks begin lending the money away.

I know people who took out the loans are also responsible...for taking up offers that were too good to be true. The concerned local government should have seized upon the idea of warning people about predatory lending as soon as the epidemic reared it's ugly head. They should have used billboards, radio, TV, whatever...educating the unwary is key.

He is right we don't need a bail out!

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Incredible!!! the incompetents at the Fed that raised the discount rate 300% in 24 months debating with the people that hired them (Congress), both pointing fingers at the cause of this mess?

We don't need a bail out; we need a vehicle to sue these clowns for malpractice.

A loan that worked fine for 20 years is suddenly a predatory loan because the Fed, not the bank, raised the rate?

The problem wasn't a lack of regulation but that it was regulated by Congress and their creation-the Fed