Bicameral Hearing on Subprime Crisis - Shiller's Testimony
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According to Shiller, the housing price boom occured primarily through lower priced housing inflated by subprime lending.
That's a key cause-effect to understand.
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What a STUPID statement "It seems that it's more housing than the Fed that's responsible for recessions" ! People use MONEY to buy housing and the FED controls the money supply. But then what else would you expect to hear from someone from Yale. He is right on one thing - you can expect to see a 40% drop in housing prices in the next 7 years. There is a tsunami of hurt coming - GET OFF THE BEACH!
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ROTFLMAO !!!
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the Federal Reserve it´s not a private bank, it was created by congress in 1913. It´s President is designated by the President of the United States and ratified by the senate. The Federal Reserve conducts public policy and responds to congress, it is not a private bank!!
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You know why the US is going Bankrupt? Because the Federal Reserve is a private bank that is fleecing the American people. The IRS is an Unconstitutional Hoax. And the war in Iraq is a losing proposition. Face it, the US soldiers are dropping like flies there from all these sniper attacks and bombings and Congress does nothing. The insurgents are making the Vietnam War look like a picnic.
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First!!!! I'm in competition with myself!!!
4:36
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For the sake of cracking a joke I just want to say that those are not graphs concerning subprime mortgage rates those are actually the results of Senator Vitter's lie detector tests....
CajunDeLyte 4 years ago 3
Speaker Nancy Pelosi
Why do people praise a War Criminal? She still funds a criminal enterprise like Iraq yet says discussions of Impeaching the original crime lords is off the table. She can stop funding the war just as EASILY.
Call - (202) 225-4965
Ware her down with your VOICE. Tell her you know the TRUTH and aren't buying her bullshit anymore. Call her the War Criminal she is!
joecitizan 4 years ago