Bush, Paulson, and Bernanke were all saying the same this last year- that the US economy was strong and sound with minimal problems ahead. It wasn't until this year that the tone started to change. How could the economy go from "strong" to "on the verge of collapse" in just a few short months? Did they totally miss all the warning signs? And these are the same guys who have now created the "bailout plan" which they claim will work???
listen to Coast to Coast am....especially when C. Austin-Fitts is on...a real education about our defunct system. Thanks for this video, too!
AdoptorFostercare 2 years ago
Constant denial. denial, denial, denial.
We need true free markets. Not this fake stuff in which our government puts it's nose every time.
pepsimannampepsi 3 years ago
Write in Ron Paul for President!!!
jason7w7d 3 years ago
Oh, they saw what was coming, alright. I agree with motonegros. This was conveniently timed to be a pre-election debacle.
Regarding AIG, see BigInsuranceFraud here on YouTube. The guy is a "Certified Fraud Examiner and Forensic Accountant".. one of the good guys. There are things (re AIG) he is forbidden to talk about, by court order! But he tells us all he can.
debrrr 3 years ago
This collapse was engineered, not accidental.
motonegros 3 years ago 2
No one should be President without proving they have a really good understanding
of how socio-economic systems work. Democrats & Republicans obviously DON'T UNDERSTAND BASIC SOCIO-ECONOMICS (but,if they understood and still let this mess to happen; without doing ABSOLUTLY EVERYTHING IN THEIR POWER TO PREVENT or CONTROL it, Then those INCOMPETENT BASTARDS HAVEN'T got A FUCKING EXCUSE!
Bush forced a war with less votes, he could've enforced regulation of Fan & Fred sooner!
12235117657598502586 3 years ago
AIG - $85 billion. Days before AIG was bailed out, everyone in the Politburo was quoted as saying it would not get a bailout. However, once it was known that the counterparty to Goldman Sachs' toxic derivatives investments was AIG, Mikhail Paulson of the Treasury department (ex-CEO of Goldman Sachs) jumped into action. Immediately, it was said, AIG must be saved; in order to save Goldman Sachs of course. It pays to have friends in VERY high places.
qzg1265 3 years ago