Alan Grayson on Large Financial Institutions: Who will say 'enough is enough'?
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One year later and nothing has changed.
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nice comment---something is definitely broke now!!!
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Ever wonder if these people only new how close this nation is to treating them like baby alaskan seals. You think they would still wanna make wise cracks
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The third guy says, that is not his level of expertise. I should use that one whenever I don't know the answer to a question. Cop out!
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Well, Im not one to say who will loan someone money based on the ridiculous formula they have, but I will say that our country has been running off steam of old crap technology for long enough. I guess if it aint broke dont fix it. But, something is definately broke here, and it seems noone wants to step up and take control of our country.
Seems they all want to play stupid while the dollars are hot, and juicy, and then scandal thier billions right back to where it came from...... US.
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No private bank should be allowed to risk our collective capital. It should only allowed to be risked by those who actually create value here in America, for example innovators and manufacturers. Now that the banks are not loaning to innovators, we need public banks who loan with no interest to our innovators.
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fed res has always been fraud, its just being exposed
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"A mosaic of risk"
amazing answers from the most incompetent.
I am very willing to say enough is enough as a citizen of the united states.
These videos are bothering me to a point that I really do not trust these people as handling my money anymore.
It would be nice if they labeled every one of these gentleman and had a banner underneath of what bank they represent, so they can be promptly fired.
m3taLB1Rd 2 years ago 6
What incredible arrogance and double-talk. LTCM should have been allowed to fail; that would have given against over-leveraging. Instead, Greenspan bailed them out, bailed out everyone, and privatized the reward and socialized the risk. Fact is currency crisis ARE foreseeable: they have been occurring for 1000 years. The Rubble crisis was missed by LTCM because they were so damn arrogant and over-invested in their abstract, untested model based on the Black-Shoals formula to price options.
MarcusCMarcellus 2 years ago 4