Michael Bloomberg - Origins of the Economic Crisis

Complete video at: http://fora.tv/2008/09/17/Michael_Bloomberg_on_the_Economy_in_Crisis

Michael Bloomberg, Mayor of New York City and founder of Bloomberg, L.P., discusses the origins of the U.S. subprime mortgage crisis.

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Mayor Michael Bloomberg addresses a Georgetown audience on the state of the American economic crisis, the steps that should be taken and the steps that have not yet been taken. He characterizes federal responses to date as being akin to "buying an alcoholic a drink."

Michael Bloomberg is an American businessman, philanthropist, and the Mayor of New York City. He was elected mayor in 2001, then reelected to a second term in 2005.

Bloomberg graduated from Johns Hopkins University in 1964 with a bachelor's degree in electrical engineering, then earned an MBA from Harvard Business School in 1966. His 1997 autobiography was titled Bloomberg by Bloomberg.

Bloomberg is the founder and former CEO of financial news and data company Bloomberg, L.P.

Category:

News & Politics

Tags:

• economy
• united
• states
• america
• market
• recession
• depression
• subprime
• mortgages
• lenders
• banks
• banking
• housing
• bubble
• bailouts
• fora.tv
• foratv
• fora
• tv

[RCrooklyn]

Bloomberg's lying through his teeth. The Community Reinvestment Act, which Congress passed to alleviate "redlining" only applied to commercial banking institutions. Most of the companies that gave the subprime mortgages and bundled them were NOT commercial banking entities. Bloomberg knows this--he made billions off this scam.

[Robinfuk]

@mvn591014 Are you wikipedia?

[mvn591014]

This guy is no ordinary mayor of NYC. He was with a Wall Street billionaire before turning to politics in 2001. Forbes estimated that he was worth $16 billion. He hated the Middle-Class and the poor.

Michael Bloomberg was responsible for the heavy-handed police crackdown of the Occupy Wall Street activists on the Brooklyn Bridge. According to some intelligence reports, the NYPD sent infiltrators and spies among the activists to break the demonstrations.

[Eleetnessful]

@Eleetnessful *FOR BEING A TINY MIDGET ALL HIS LIFE

[Eleetnessful]

TRY TO COVER UP MORE BC EITHER WAY jamie dimon IS GOING TO BE IMPLICATED AS WELL AS ANYONE LIKE HIM WHO SHOULD/COULD HAVE DONE SOMETHING (I.E, DEMAND THAT MARIA BIMBO FACE CHARGES AND STOP EVADING AFTER I FOUND OUT WHAT THEY WERE DOING) BUT INSTEAD DID THE OPPOSITE: ALLOWED THEM TO CONTINUE, NOT DEMAND, AND COVER UP/TRY TO SILENCE ME

TINY LITTLE MIDGET EITHER WAY HE'S GOING TO BE IMPLICATED. HE'D BE FINE IF HE WERE TOTALLY IGNORANT OF ALL THIS, BUT HE'S NOT

[Eleetnessful]

LOOK AT THIS LITTLE MIDGET MIKE BLOOMBERG SMALL LITTLE TINY MDIGET

HE KNOWS ME ILLEGALLY HE KNOWS THIS FUCKUP MARIA BARTIROMO WHOS GOING TO NOT BE READING TELEPROMPTERS AS WELL AS THIS FROGFACE MELISSA ARE CAUSING INHUMANE MENTAL TORMENT AND THEY'RE STILL READING TELEPROMPTERS AN EXTREME MOCKERY AND INSULT

THIS MIDGET IS TRYING TO COVER-UP FOR THEM AND HE'S TRYING TO SILENCE ME. THIS MIDGET IS AN OLD FART AND HAS A 'GIRLFRIEND' -- SOME REJECT FOR ME A TINY MIDGET ALL HIS LIFE

HE BETTER NOT

[Eleetnessful]

What happened to me is basically the equivalent of niggers saying: "We're gunna lock you up" (find a way to lock me up) then me calling 911 frantically telling them these niggers are trying to lock me up and within 10 days I get locked up for a purported "8" like napster downloads (millions of ppl download like 8K) or something which actually turns out to be 1 actual and 3 grossly exaggerated enough to be a "download" then 10 month delay then in court: "DOWNLOADED THIS TRACK! ILLEGAL! ILLEGAL!"

[Eleetnessful]

This midget knows what has and is happening to me so when I pursue criminal charges against melissa and 38+ waist maria he'd better not try to step in or something he allowed a kitty genevese 1+ year inhumane mental torment to happen now I go after the ILLEGAL bystanders who caused inhumane mental torment this midget better sit his miniature ass down and twiddle his thumbs or whistle the same tune he's been whistling for the past year+

[THEZOOKEEPERR]

*A SIXTH SENSE

[THEZOOKEEPERR]

I HAVE SIXTH SENSE

THIS MIDGET BETTER NOT GET IN MY WAY FOR MY MAIN GRAND EVENT WHICH WILL ENCOMPASS THE ARREST AND CRIMINAL TRIAL OF MARIA BARTIROMO AND MELISSA FRANCIS THIS MIDGET ALLOWED THIS JAMIE SCUMBAG TO DELAY AND PLAY BP LEGAL GAMES KITTY GENEVESE; I'M NOT ENTITLED TO MY CASE. HE BETTER NOT 'INTERVENE'; HE BETTER SIT IDLY BY IN THE SAME WAY HE DID WHILE THIS SHITHEAD JAMIE'S COMPANY WAS DOING THEIR BP LEGAL GAMES

BREAKING THE LAW IS BREAKING THE LAW I DON'T CARE HOW MIDGET YOU ARE