A look at the financial crisis-2/3

Bailout for Mortgage Giants, IndyMac Bank Collapse, Dollar Hits New Low, Inflation at 26-Year High, Dow Falls Below 11K...A Look at the Financial Crisis

It has been a tough seven days for the US economy. On Friday, the FDIC seized control of the failed California-based IndyMac Bank. It was second largest bank failure in US history. Analysts project another 150 banks could collapse. On Sunday, Treasury Secretary Henry Paulson announced extraordinary moves to bail out the mortgage giants Freddie Mac and Fannie Mae. On Tuesday, the Dow Jones Industrial Average dipped below 11,000 for the first time since 2006 and the dollar hit a record low against the euro. And Wednesday, it was announced that inflation is now rising at its fastest pace in twenty-six years. We take an in-depth look an the economic crisis. [includes rush transcript]

Category:

News & Politics

Tags:

• indymac
• banks
• 1920
• depression
• bush
• democracy
• now

[gunnerrat]

The video lags by about 10+ secs behind the audio. Just listen to it while doing something else. They're not much to look at anyway, but lots of good info.

[JUKIO01]

its all part of the plan, to turn america into the north american union and change the currency to the amero. you'll see, by 2010 it will happen.

[beancube2008]

Let say if bail-out is a charity housing for low income with low fixed terms and spread it across entire trading zone so its steady return supports medicare infrastructures for the aging population. Please stop trusting those conservative playboys again this time. Make getting rich into charity instead of in gambling (with super effort). Grabbing cash and escaping is out dated. Obtain absolute freedom with progressive relative co-operation. US becomes too expensive to be invaded.

[faszika]

i dont even have a bank account =D

[OmarThePug]

all this boils down to...is that the powers that be (stolen or otherwise) want to devalue your currency and your real estate. Its an attack on America just like (ahem) 9/11. Criminals can topple a Goliath with the right stone in the right forehead.

BTW...the lag on this video is pathetic! We need 1 or 2 million people learning what is in this video!

[psbyowner]

problem is as long as theres an economic motivation, or a means to profit from a declining economy or housing..it will continue to do so.

[maximumvalues]

who did the voice over? hmmmmm.