http://www.pbs.org/frontlin... In this clip from "The Warning," airing Tues, Oct. 20, FRONTLINE traces back to the Clinton Administration and the pro-business, anti-regulation powerbrokers Robert R...
http://www.pbs.org/frontline/warning/ In this clip from "The Warning," airing Tues, Oct. 20, FRONTLINE traces back to the Clinton Administration and the pro-business, anti-regulation powerbrokers Robert Rubin, Larry Summers, and the man referred to as "The Wizard," Chairman of the Federal Reserve Alan Greenspan.
In the devastating aftermath of the economic meltdown, FRONTLINE sifts the ashes for clues about why it happened and examines critical moments when it might have gone much differently. Looking back into the 1990s, veteran FRONTLINE producer/director Michael Kirk ("Inside the Meltdown," "Breaking the Bank") discovers early warnings of the crash, reveals an intense battle among high-ranking members of the Clinton administration and uncovers a concerted effort not to regulate the emerging, highly complex and lucrative derivatives markets that would become the ticking time bomb within the American economy.
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The very people that do know better are now advising Obama. Obama likes to blame it all on the last 8 years. He continues to lie. The ^ in the gdp was a result of big government spending. He is playing a shell game with the job gains numbers as per the AP. As for Timmy (Turbo Tax) Geithner he is doing the same damn shit with wall street. We are fucked people. Soon the credit swaps of 45 trillion will be the next hit and one that could take us all out.
Clinton was a governor not a federal reserve expert I think we can say the same thing for reagan and both bushs The wallstreet fleet of financiers big money led the country on its risky path Making money with nothing sold other then speculation is the path to exile. America lost its way when we allowed our companies to flee to Japan and China to make all our disposable goods WHO DIDNT SEE THIS COMING
There were many who were warning and who were ignored.
It's already 'fascism' and headed toward full blown communism. The sheeple and most 'patriots'/conservatives/truth ers/paulbots/whatever will be willing slaves because they are unwilling to do what is required.
It will take many expensive suits hanging along Pennsylvania Ave. to fix this mess if it can be fixed.
Don't understand? Follow my links to the quotes page first. Then share and prepare.
The notion that government was deregulated is a farce. Since the 1930's the government has always tried their hands at the economy (with deplorable results), the 80's, 90's, 00's were FAR FROM different. Sorry to break your bubble but PBS is hardly a reliable source, sadly, they rely on donations and they do maintain a bias. This documentary is HEAVILY biased. If you want me to I can break it down for you economically, how government intervention in the housing market brought about the recession
Oh please. Government makes the laws and it's the greedy bastards on Wall Street/Federal Reserve who break the laws, take advantage of them, and look for the loopholes!
George Bush had Summers, Geithner, and Bernanke in place under him. Where was your outrage then? We liberal progressives have screamed for years about the housing market crash (starting in 2002!), CDS, derivatives, and other schemes/scandals (starting with Enron!) and we were called traitors and America haters.
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why did you sell us out????
Well your Comment was approved so please enlighten us on how this is not true. we are waiting
It's already 'fascism' and headed toward full blown communism. The sheeple and most 'patriots'/conservatives/truth ers/paulbots/whatever will be willing slaves because they are unwilling to do what is required.
It will take many expensive suits hanging along Pennsylvania Ave. to fix this mess if it can be fixed.
Don't understand? Follow my links to the quotes page first. Then share and prepare.
George Bush had Summers, Geithner, and Bernanke in place under him. Where was your outrage then? We liberal progressives have screamed for years about the housing market crash (starting in 2002!), CDS, derivatives, and other schemes/scandals (starting with Enron!) and we were called traitors and America haters.