Occupy Wall St. Has Its Reasons?

(Work Cited)

http://en.wikipedia.org/wiki/Savings_and_Loan_Crisis

http://www.docstoc.com/docs/4647166/Sold-Out---How-Wall-Street-and-Washington...

http://www.sourcewatch.org/index.php?title=Financial_Services_Modernization_A...

http://en.wikipedia.org/wiki/105th_United_States_Congress

http://www.financial-edu.com/history-of-credit-derivatives.php

http://en.wikipedia.org/wiki/Larry_Summers

http://en.wikipedia.org/wiki/Phil_Gramm

http://en.wikipedia.org/wiki/Securitization

http://en.wikipedia.org/wiki/Commercial_mortgage

http://en.wikipedia.org/wiki/Ambac_Financial_Group

http://en.wikipedia.org/wiki/AIG

I would personally like to thank the LSE for their papers and allowing me to use their video. Thank You so much!
The videos are provided through a Creative Commons licence - see:
http://creativecommons.org/licenses/by-nc-nd/3.0/

| LSE | LSE | LSE |

Former political staff turned lobbyists in the US claim their high salaries reflect their abilities, but critics complain they are merely exploiting political connections. Mirko Draca explains who's winning the argument...

Lobbying is big business in US politics, and getting bigger. Many commentators have voiced suspicions about the ties between lobbying firms, private sector businesses, and politics. They allege that a "revolving door," which sees employees moving from public office to private companies and back again, potentially jeopardises the public interest.

Often highly paid, these lobbyists claim their salaries simply reflect their high ability, but critics complain those exiting the revolving door are attractive to lobbying firms because they can exploit their political connections.

In this film Mirko Draca explains how he and his colleagues, Christian Fons-Rosen and Jordi Blanes i Vidal, measured the extent to which former political staff who become lobbyists benefit from their ties to government.

This involves separating the issue of ability from the issue of political connections. Fortunately, the political system contains conditions for testing this: periodic elections mean that political contacts are vulnerable. By looking at what happens to a lobbyist's earnings when their former employer leaves political office, Draca and his colleagues have been able to measure the value of being politically well connected.

LSE Video :
http://www.youtube.com/watch?v=2XLuaebpdAA

LSE Research magazine:
http://www2.lse.ac.uk/researchAndExpertise/LSEResearchMagazine/RM_2.aspx

Full paper available here:
http://cep.lse.ac.uk/pubs/download/dp0993.pdf

Category:

Education

Tags:

• Imgoing2LoveYou
• Regulation
• Deregulation
• Economy
• Economics
• Crisis
• Peace
• Educational Video

[mojosideburns]

Simply amazing. Well put together, to say the least. Do you mind if I mirror this also? This needs to be seen everywhere, by everyone. Peace.

[Imgoing2LoveYou]

@mojosideburns I do not mind. Thank You for sharing :-)

[Knr911]

WOW.

Excellent video. This needs to be seen by everyone.

Can I mirror this on my channel please? (with due credits of course)

[Imgoing2LoveYou]

@Knr911 You can mirror the video. But please include the work cited material in the info bar. :)

[Ujames1978]

Dear Rich,

I'm sorry that it took so long for me to get around to watching this excellent video, but it's a clear and accurate description of the bed that the US Government and Financial Services Industry made for everyone, and I truly look forward to your follow up.

[Imgoing2LoveYou]

@Ujames1978 I'm happy you are feeling better :-)

[1KidsEntertainment]

I wish I could get this 2000 times more views than I can, but I'll do what I have power to.

Thanks for being direct and citing facts/stats, rather than mixing in opinions. You're now morally above every media outlet I can think of.

[KrissytheWorldWithin]

amazingly concise and accurate

[effmeelsetosay]

Great video Rich. My hair stood up on end. I have always known the "truth" but you have put it to reality. You are amazing!

[mikehihn]

I gave up when the number of lies got too overwhelming.

Deregulation began with Carter.

The S&L deregulation was one of many steps to save the S&Ls. At the time, Volcker's double-digit inflation found S&Ls having to pay prox 10% to hold deposits. but their mortgages were fixed-rate at 8% or less. Do the math.

It's b.s to claim 40 years of economic growth after the Depression. We had 5 recessions in only 15 years, 1945-1960,until Kennedy began dismantling the New Deal.

[CappitranoBellephant]

Very good video. Should we protest is an obvious yes. How we should protest is still undecided.

[andyissemicool]

In your next video, will you mention the insanely low interest rates from the Federal Reserve, the Greenspan put, and the culpability of homeowners, or is this "complex" issue just about the banks?

[jungian9111]

Thanks for your contribution .. it gave me a much better understanding behind the motivation of the movement .

[TheTrueRae]

Very well presented. Thank you for the research and the explanation for the Occupy Movement. Best one I have heard yet! This presentation should help many to understand the "Why?" of the movement and perhaps they will thanks the ones standing up for change. This problem is huge and does affect each of us. Again, I thank you!