Burning Down The House: What Caused Our Economic Crisis? Bombshell

Uploaded by: TheMouthPeace
Video Description:
This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.
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Obama Bombshell Redistribution of Wealth Audio Uncovered

Tags for this video: 2008 analysis Audio Barack barney Biden Bombshell Bush C-span campaign2008 change commentary Crisis documentary Economic economy election Ferrell Fey Financial Frank George gotcha! grassroots joe John live McCain mortgage Nancy news night Obama of outreach palin pelosi plumber politics Questions Redistribution saturday skit SNL Soros spread subprime the Tina Tough Uncovered unedited vote wassup wealth WFTV Will

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its disgusting. ... ( 1 week ago by leecity1927)

its disgusting. these politicians and lawyers and ceo's of banks are so lucky that the global population are uneducated, niave and gullible

Information in this ... ( 1 week ago by princeofstockmarket)

Information in this video is common sense anyone should know. People got screwed in any crisis is because they are stupid. If people have nowhere to live, it's their problem. Maybe it's natural's way to clean up the gene pool.

american government ... ( 1 week ago by ltcount)

american government is built on the destruction of others. it deserves to fall apart from the inside by the hands of greed and the miseducated who don't desire to fix it.

Although there are ... ( 1 week ago by jscottupton)

Although there are obviously criminal in the market place, just as their are criminals in government...you don't get this kind of huge, systemic bubble without the power of bad government laws. Criminals in the private sector have victims who eventually speak up. But protected by the cloak of the law, bad laws can do tremendous damage...as we have just seen and as we saw during the great depression.

re: ... ( 1 week ago by greyflcn)

re: princeofstockmarket
==Information in this video is common sense anyone should know.==
Then tell me, what percentage of subprime loans did banks under CRA regulation contribute?

re: ... ( 1 week ago by greyflcn)

re: princeofstockmarket
The answer:
greyfalcon. net/ cra.png

Array ( 1 week ago by greyflcn)

re: AnotherJackAss
Here ya go
greyfalcon. net/ cra.png
greyfalcon. net/ cds2
greyfalcon. net/ cds

you get it all ... ( 1 week ago by princeofstockmarket)

you get it all wrong. trivia like this is for ignorant losers. The important thing is that subprime is a bad investment. lets go back to the very fundamental idea about investing. lending money to people with shaky financial background is a risky venture already. plus charging them at a high interest rate?! it is just a matter of time before things get ugly.

so when Obama will ... ( 1 week ago by voicubogdan84)

so when Obama will finally fix the economy Bush will be the hero???????? OMFG!

==you get it all ... ( 1 week ago by greyflcn)

==you get it all wrong. trivia like this is for ignorant losers. The important thing is that subprime is a bad investment. lets go back to the very fundamental idea about investing. lending money to people with shaky financial background is a risky venture already. plus charging them at a high interest rate?! it is just a matter of time before things get ugly.==
So would it surprise you to know that CRA investments did not have an increased forclosure rate? Quite the opposite actually.

It is too early to ... ( 1 week ago by princeofstockmarket)

It is too early to tell. things will get uglyer in the financial world because the prevailing bias is strongly negative just after spring 2008. I guess it will take another year and a half to two years to see how the crisis play out.

Well it's pretty ... ( 1 week ago by greyflcn)

Well it's pretty simple actually.
CRA investments were rarely securitized. And almost never had those fake money back guarantees attached to them when they did.
Subprime alone isn't anywhere near as big a problem as Securitized Subprime CDO's with CDS's.
Infact, only Investment Banks could make CDS's.
And surprise surprise, we now have ZERO investment banks.

subprime is a minor ... ( 1 week ago by princeofstockmarket)

subprime is a minor issue compare to the derivative associated to it. however, the bad loan has made it's way deep into our economy. the sub prime burst is relatively minor to the economy as a whole, but the ripple coming off it is unimaginable. especially to upper middle class who has a good job and good credit rating. a recession may cause these people to lose their job or at least temporary. What happens to their debt? This cause another wave of collapse, a much bigger one, indeed.

If this was caused ... ( 1 week ago by berzerkzero)

If this was caused by the Democrats, why didn't Bush do anything about it. Probably because his rich campaign contributors were profitting off this mess.

Interest is an ... ( 1 week ago by HOLLNAIER)

Interest is an indicator of risk, More sub-prime, more risk, higher rates..securitised in AAA rated vehicles for the greedy international investment market (high rates, AAA, pile in...and make a mint!)Gas went up due to war/Instability, Iran arming itself with Nuclear coz USA threat to bomb it...wouldn't you protect yourself? Democrats/Republicans...all the same!!! But where did the AAA rating come from? Free market can cope with risk, but theft by AAA rating?

the govt created ... ( 6 days ago by var512)

the govt created this mess, and they think they can fix it by pumping a bunch of money into the system causing hyper-inflation. The ignorance of a few during the Clinton years and our now incompetent fed & treasury will possibly be the demise of our economy. This is a clear example of what happens when govt gets involved in the free markets. Obama is going to make things so much worse. He wants to tax capital?? Why...?

Because the Dems in ... ( 3 days ago by modifiedcontent)

Because the Dems in Congress blocked his attempts to get more oversight. The Dems have the rich corrupt campaign contributors and profited most from Fannie/Freddie, including Obama.

thehelpfund.blogspot ( 3 days ago by mannyfeseha)

thehelpfund.blogspot

thehelpfund.blogspot ( 3 days ago by mannyfeseha)

thehelpfund.blogspot

He tried 14 time ... ( 3 days ago by BritIronRebel)

He tried 14 time since 2002 to get more reglations and Greenspan also warned Congress at least 5 times. Democrats painted Republicans as fear mongers and hateful of the poor...that's why.
Here's the proof in their (Democrat's) own words: watch?v=hXaio9oBZjA

It takes 60 votes ... ( 3 days ago by BritIronRebel)

It takes 60 votes to pass legislation so a minority can stop it...and Democrats did just that.
Dodd, Kerry, & Obama got the top campaign dollars from Fanny & Freddie (over 10 years and Obama was only in Congress for 2!!!)

hmmm i think... ... ( 1 day ago by mikeberserkr)

hmmm i think... people behind the scenes took advantage of obamas image.... and made it a point that obama cant go after these people by contributing to him...
wow... what powerplay...

What's the music? ( 1 day ago by 7Row7enn7)

What's the music?

Hey what did you ... ( 17 hours ago by sharkbone360)

Hey what did you think about my video?

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Burning Down The House: What Caused Our Economic Crisis? Bombshell

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