Thomas Sowell - The Housing Boom and Bust
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@GunsNRosesbitches Between 2001 and 2007 the private label MBS market expanded significantly, and many of these loans didn't even conform to government lending standards. Wall Street bankers opted for short term gain at the expense of long term stability, making billions selling securities they must surely have suspected would fail. Let's not use euphemisms like 'speculation' for what was essentially a fraud. They are not exclusively to blame, but they must be held accountable
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@Xenda They call anyone who is black, intelligent, successful and respected 'uncle tom' . What an asinine and immature label. Anyone called an 'Uncle Tom' should actually feel complimented cause they must be doing something right.
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I know someone who died in 2002 who predicted the Housing crash.
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@pretorious700 That was part of the problem, but not the root cause. Wall Street speculation wouldn't have gotten to insane levels had the government not subsidized housing.
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Dam I love watching this stuff it's great!! It's just to bad the main stream media won't jump on this, instead they love just making fun of republicans or conservative ideas while politicians run this country into the ground. It's great at the end how he says that they (liberal media) will spin it into how great obama is and get re-elected. But like my mother always said "we perish for lack of knowledge"
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@sosadforcountry Clinton repealed the Glass Steagall act, effectivelt freeing the banks to do whatever they want.
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I'm truly heartbroken the majority of the black community embraces the likes of Jesse Jackson, Al Sharpton, and Louis Farrakhan and dismisses brilliant minds such as Thomas Sowell. Simply writing him off as some sort of Uncle Tom. Sad...
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liberalism today is sociallberalism, whichh is bassicly classical liberalism with welfare to ensure equal opportunity and maybe its mixed a little with socialism
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Government caused the problem, now they're poised to provide the solution. Great!
I'd love to hear ONE solution that this government has provided in the last decade that shows any success at all. It's been disaster after disaster after disaster.
We need to fire all of these idiots in the Congress and Senate, then make sure to throw out Obama, his Cabinet and czars along with the rest of the crooks!
sonofaglitch2 2 years ago 50
This man should be president.
toddclemmer 2 years ago 47