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Banking Crisis: What's Next?

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Uploaded by on Oct 1, 2008

Stacy Johnson explains the banking crisis, how we got here and what's next.

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News & Politics

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  • Were not in this mess because of lack of Government regulation, it's exactly opposite. Were in this mess because of Greenspan and the Fed creating artificially low interest rates to prevent the recession that should have happened after the collapse of the nasdaq bubble. Sometimes businesses need to go bankrupt so that more competent people can take over! These new bailout plans are only going to create inflation which will make everything worse! within a decade the dollar will no longer exist!

  • Jaif is correct, the wars are the main reason for the mass deficit of government spending every year. America, I'm sorry, The United States, are not supposed to act the part of the empire builder, and no one should support that. Preemptive war was Hitler's tactic, the Founding Fathers would be ashamed.

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  • @jaif4 war is the most expensive thing any country can engage in, the pay offs are often very little...the GOP's plan is to bankrupt us with wars and tax cuts, and then vote against all DEMOCRATIC policies raising taxes and stopping the war. You posted this 3 years ago, and see how things have turned out? It's exactly like I say here. We really need to get the people to vote out the GOP.

  • @schwarzm3283 we are in this mess because of RIGHT WING IDEOLOGY being implemented from 2000 - 2008

  • storm the banks...but wait until i draw my savings out first!

  • The aftermath of the banking crisis is going to dominate the economics and politics of our societies for at least a decade to come. How did we get there? How did we get from an economy in which banks and credit function the way they are supposed to, to this place we,re in now, crawling out of the worst recession since the second world war? In a word...risk!

  • Good Job.. The Big Banks must have mark to market accounting.. so the truth comes out.. They don't do it now.. Check out >> Bob Chapman 2035 banks.....

  • why don't you tell us about all the factories leaving the u.s. and the long term effect that will have after the economy recovers if it does.

  • Don't listen to this guy, this is a bear market rally, just like japanese economy

  • So your telling us to take more debt on, even though we are in major debt as is

  • this is crazy blahlbahlbah

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