Stock Market Crash Financial Crisis: $700 Billion Bailout
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Uploader Comments (tomasleeman)
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Every time they come up with a fix the market tanks
3 years ago 2
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All Comments (19)
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Awesome you nailed it and no politician addressed the real problem of regulation 2 laws written by Gramm (R) caused this.
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Excellent song and I loved the history lesson too.
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buddyboy for President! Sadly, it won't happen in a million years, but it sure is a nice thought! Boy, what I could do with a million smackeroonies! Woo hoo!
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I guess there were a lot more than just 10 people responsible, all of congress and the senate and the president, the federal reserve system, all the big investment banks and brokerage firms, mortgage brokers real estate agents and appraisers and the foolish people who bought houses above their means
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there seems to be a movement now to "buy out, not bail out" which asks our world leaders to override the financial movers and shakers, and resolve this matter on an international level, to restabilize the world's economy.
does anyone know what that's about? I'd like to understand this better
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good question...
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Question: If only approximately TEN people are responsible for this financial disaster WHY aren't these ten people either in PRISON or put out on the streets with nothing but the clothes they are wearing? At minimum these people should have ALL the money and assets they "own" and given back to the people now struggling in America due to their greed. We should NOT let these people get away with what they have done!
BABABONDOMAN 3 years ago 4
These bills were past by the house and the senate and signed in to law by the president. Alan Greenspan and the federal reserve lowered interest rates to 1 % causing widspread speculation. Preditory leanders took advantage of unsophisticated investors with exotic morgages. Companys like AIG knew the risk on credit default swaps but sold them anyway. Investment banks leveraged themselves out to 35 to 1. And people bought over priced houses think there was a great fool to buy it at ahigher price.
tomasleeman 3 years ago
I think the government should make everyone a millionaire...say 300 million population and everyone gets a million!.......and then let Wall Street and the Business people at the top, bid for your money with the goods and services they offer.Which is what they do now through their ADVERTISING EXCEPT WE NEED TO USE CREDIT. Forget the credit WHOSE INTEREST RATES ARE only FOR THE capitalistsS piggy bank and go to "cash only" for a change AND A REST.
buddyboyofcanada 3 years ago
Good idea!
tomasleeman 3 years ago