Greg Gordon on Alex Jones Tv 3/3:Goldman Sachs's Little Secret!!

Greg Gordon, a reporter for McClatchy Newspapers, talks with Alex about Goldman Sachs Group peddling more than $40 billion in securities backed by at least 200,000 risky home mortgages and never telling the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
http://www.mcclatchydc.com/146
http://prisonplanet.tv/

Category:

Education

Tags:

• News-Economy
• Bob
• Chapman
• News-Wallstreet
• Goldmen
• Sachs
• Ben
• Bernanke
• Ron
• Paul
• Alex
• Jones
• Endgame
• Fall
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• Republic

[1TheTruthChannel1]

Good interview.

[hughie1942]

if they try to take your home take them to court then ask them to produce the orgnal morgage note

[AlmightyJerk]

averageworkinggal 2012!!!

The Sheeples Choice!

Baaaa

She(it) knows everything about everything!

Believes the 911 Commission Report 100%!!!

Support the kooks!

666-SHILL

[danullb]

averageworkinggal,

The "normal mechanism" is called "risk". Added to this reduction of risk was the fed-reserved induced artificially low interest rates which was, as it were, the bait on the hook of these reckless/riskless private lenders.

Listen, I mean this by way of encouragement: You seem like a bright young lady. I think you're doing awesome and seem like you're very interested in learning! Like I said before, keep at it... you'll get it, I promise!

Ok cool, have a nice day.

Peace :)

[MORCOPOLO0817]

Maybe you are stupid in that you don't realize that all modern day presidents work for the same people. The powers that be take advantage of the common stupidity of people like you by using useless labels: Democrat/Republican. That way they can divide all of you idiots and then conquer you!

[averageworkinggal]

@danullb - you show your total ignorance of the financial crisis.

The much-larger-than-the-GSE's-Sec­uritization-Bubble Wall Street mortgage Securitization Bubble was not associated with the GSEs - it was strictly Wall Street's Securitization - which means it was pure Ron Paulism - pure "Liberty and the Free Market."

"Normal mechanisms that keep that sort of corporate greed in check" - don't exist with Ron Paulism/"Liberty and the Free Market."

The type of mortgage (risky) was the problem.

[averageworkinggal]

@MORCOPOLO0817 - Boy are you stupid.

Obama is a far left ideologue - He's a puppet of Jeremiah "God Damn America" Wright, Saul "the Red" Alinsky and Normal "Mr. Socialist" Thomas.

He's the 1996 New Party Candidate - an Internationalist Socialist -

so he is a Globalist - a Socialist Globalist - the political enemy of "private bankers."

Far Left French Socialists Piketty and Saez are Obama's "puppetmasters."

Bush had character and conscious.

Obama doesn't.

[MORCOPOLO0817]

Look, Obama is the biggest Ghetto, sell out, sleeve ball, hustler, pimp of a president we have ever had. And we have had some doosies! I never thought they could get much worse than Bush but Obama proved me wrong! Bush was a dumb puppet but Obama is a complicit puppet!!!

[danullb]

averageworkinggal,

One of the keys to being correct is to be patient and careful enough in your analysis to really get to the core issues.

I do not mean this sarcastically... I think you are learning. It's really cool that you're debating this. I'm convinced, in time, as you continue to learn you will start to see things more accurately.

But.. you're off to a good start!!

I know this kind of stuff can seem hard, but keep plugging away at it. You'll get the hang of it one of these days!

[danullb]

you see, there wasn't a true free market. Free market investment decisions depend on calculating risk vs. reward. But the problem was there was no "risk" since the loans were guaranteed by Fannie/Freddie.

The Wall Street Investors and private banks were greedy, and irresponsible and therefore partly to blame. THAT's A FACT. However, the normal mechanisms that keep that sort of corporate greed in check were removed. This is why they were allowed to run rampant.

I

[AlmightyJerk]

Believe averageworkinggal, she knows everything.

And also believes the 911 Ommission Report 100%.

She's quite the delusional kook. And is The Crackpot of the century.

averageworkinggal 2012!

"the Sheeples Choice!"

Yeaaaa!

[averageworkinggal]

Clearly you don't want debate because you obviously know you can't win with that argument.

The Financial Crisis was not caused by one thing as you claim.

It was caused by a combination of several things including the scapegoat and sacred cow of every political faction that combined into a perfect storm.

As for your flawed argument, the GSE Securitization bubble was eclipsed by an even larger Free Market Securitization bubble that ballooned in 2004-2007.

So you're wrong without a doubt.