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


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. Aside from ripping the corporate goons in the media, please be respectful in your comments. Thanks. Obama Bombshell Redistribution of Wealth Audio Uncovered

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: TheMouthPeace

Length: 10:52
Rating: 4.29
Views: 1865847

Tags: 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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1ghosthouse (November 30, 1999 at 12:00 am)
Or you friggin retarded!
fistylo (November 30, 1999 at 12:00 am)
youtube is here now.people can see and know how it will be run from now for example.the basic element in usa is you can borrow something that you don't have and you sell it because you expect to make money.and so on. cordialment
guitarplayer3602 (November 30, 1999 at 12:00 am)
The crisis began by people taking out home loans, and not paying them back...the losers of our coutry decided to be selfish and fuck up the market...simple as that.
Idude893 (November 30, 1999 at 12:00 am)
They didn't address them earlier because they thought the government was caught by surprise, but we now know that the Bush administration had warning but never listened to them.
WinterHail (November 30, 1999 at 12:00 am)
@Idude893 Ok. I'm interesting in reading those articles if they are available. Why didn't they address it to the public earlier? The whole democratic party didn't figure this out? They were in it too. If they did knew, why haven't they said or do anything to stop this evil? Exactly, none of us has done anything but point fingers only After an issue becomes apparent. People should bear their own responsibilities, opposed to Freddy Mae, instead of the scrape goat icon Bush for everything.
Idude893 (November 30, 1999 at 12:00 am)
I got my sources from MSNBC, Associated Press, and CBS. Also, I told you already that George W. Bush and his administration had ignored the warning of an impending financial crisis. There are two types of evil people in the world, those who do evil, and those who do nothing to stop evil.
WinterHail (November 30, 1999 at 12:00 am)
@Idude893. What new sources? Also, do you think the President has the power to win votes to do things all the time? Nope. Look-up "Checks and balances". The President can't fight off the Legislative and Judicial branch by himself. Also, the Legislative and Judicial branches have BOTH democrats and republicans in them. No one party is completely to blame. Just certain people. (Typical how many people (YOU) would know about American politics.)
swinde (November 30, 1999 at 12:00 am)
Fasinating to me that "the liberals caused all of this" while conservative neocons and "blue dog" democrats have controlled congress for 12 of the last 16 years. Hell, Bush never issued a veto until 2007. We had a RUBBER STAMP congress for 6 years, yet we hear Republicans whining about it not being fair if the DEMOCRATS gain control of congress. BOTH parties played a role in this economic mess we find ourselves in, but I would say the blame is GOP 8, Dems 2.
WinterHail (November 30, 1999 at 12:00 am)
A lot of presidents has interfered with other countries and ruining our reputation with them. Guess how we got the Panama Canal from Panama...Columbia? But this is about the Economic crises. A few small scale wars didn't necessarily caused our recession. Talking about that would be a little off-topic to this video.
ZakeD3 (November 30, 1999 at 12:00 am)
Those donations aren't from the company. They're from employees of the company and their family members.

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