How to lose a TRILLION Dollars

This video is copyright free for educational purposes.
Feel free to mirror these videos with or without accreditation.

Put simply, there have been those who for the last decade or so have been busy sewing the seeds of this disaster.

Republicans have been busy working for less market regulations, and now we get the bill for it. 3000 dollars per American. 12 000 dollars for a family of four.

The regulators are there to ensure this sort of thing doesnt happen. They are insurance.

You can always save money by not having regulators, but then you really have noone else but yourself to blame when you find that the unregulated market has run amuck.

Whoever wins the next election is financially screwed. However it really doesnt make much sense to vote for a man like McCain, after all, it is primarily the policies this man advocated that are responsible for the current financial crisis. This has just cost me about 3000 dollars if Im lucky, my job if Im not.

Not unlike Iraq really? Remember McCain, the military man saying before the invasion how it was going to be easy, sunni n shia never fought, we will be greeted as liberators etc?

You cannot question the grit of a man like McCain, however being tortured does not count as experience at military leadership. Indeed it appears that on most issues on which McCain has expressed a military opinion, he has been critically wrong.

Category:

News & Politics

Tags:

• john
• mccain
• election
• 2008
• economy
• disaster
• recession
• depression
• economic
• sarah
• palin
• one
• trillion
• dollars
• America
• tax

[CrossTheGrigori]

@GothicWiccan13

Just because you can look something up in a dictionary doesn't mean you understand it's use in modern language. Try looking harder. If you listen instead of shout, you might learn.

I DO believe that the bible was written by man. That's my whole point. Man made up a bunch of nonsense & other men believe it. You already know I'm right, you're just not getting it because you're so busy being obstinate. (go ahead and look that up, I'll wait) BTW- I did disprove the creation myth.

[MrWaterman080]

@CrossTheGrigori You could fill many books with information "disproving creationism", but that's where the argument stems from... Creationists aren't like normal humans which use logical thinking to come to conclusions, no matter WHAT you can prove, they simply can't understand logic. It's a futile effort, like trying to teach a dog calculus.

[roccobaroccoSC]

I suggest you take a look at "Why the meltdown should have surprised no one".

[RealityChecker77]

@serialkiller1990

Exactly!

[serialkiller1990]

Yeah. Bankers got pretty much a guarantee of a bailout from Greenspan and run wild, but the fault of lack of regulations. In some sense yes. Natural regulations caused by risk and fear were taken out from the market. So now gov. cause the problem, and gov. is going to rescue us. Recent US involvement in Euro bailout, was an attempt to also save US banks. The same banks that were rescued 3 years ago are failing again.

[bannor99]

I think it's become somewhat easy to determine what is false or a bad idea - if the top Republicans are avidly promoting an idea and the sane Democrats oppose it, it's either false or inadvisable.

[vanRijn64]

I ask you all this, in the long term, would you expect the GDP of a nation with a regulated market to be higher or lower than a nation with an unregulated market (An unregulated lawful market of course)? Ok, if you said 'regulation leads to higher GDP' I think your have either shot from the hip OR your reasoning requires a lot of 'IF's i.e. "if this and this and this happens, THEN regulation leads to higher GDP". So, if in reality, low regulation leads to high GDP, why care about the cycle?

[DaToNyOyO]

Wow. Politicians that flip-flop. Who knew?

[dgdfhfghgfhgfgffjhj]

When the US government tells banks to make 56% of their loans to poor people, that is NOT a lack of regulation.

20 million regulators? Doing what, exactly? Watching banks as they do exactly what the government wanted them to do (eg, lowering down payments)?