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

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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: December 31, 1969 at 4:59 pm
Author: TheMouthPeace

Length: 10:52
Rating: 4.29
Views: 1864025

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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2br2br2 (December 31, 1969 at 4:59 pm)
Prepare yourselves people!U.S. monetary system soon to be demolished!Your bank accounts worthless.Your currancy the value of dust.Enslavement is your reward for Obama.Follow as the pied piper...over the edge.
LiquidSmooth (December 31, 1969 at 4:59 pm)
I agree wholeheartedly, alot of Republican Hipocracy. This is why i don't vote for either party and get rather irritated that someone points out all of Obama's faults, yet doesnt get to the bottom of McCain. I'm hoping someone makes a video pointing out how McCain armed the radical Muslim KLA who you can see burning down churches in Kosovo, and how Bush rushed to give them independence before other countries wanted to. Nice video, just need to point out everything bad about McCain
getplaning (December 31, 1969 at 4:59 pm)
President Bush appointed or retained every financial regulator in charge of overseeing the GSEs, banks, and the securities markets since 2001, long before subprime mortgage usage began to explode. Republicans have controlled both houses of Congress charged with oversight of financial regulators during nearly every year of this period. The GSE regulators of the Office of Federal Housing Enterprise Oversight and the Department of Housing and Urban Development were appointed by President Bush.
inmytree2003 (December 31, 1969 at 4:59 pm)
Typical Republican hypocracy... you may be right to point out the Democrats involved with the sub-prime crisis, but you are cherry picking the facts. There is plenty of blame to go around, including greed in the investment banking industry, the 1999 law Phil Graam wrote that allowed risky mortgages to be bundled with good ones and sold as mortgage backed securities, and George Bush's push in 2002 and 2003 to make lending to risky borrowers easier. Nice hatchet job though.
Idude893 (December 31, 1969 at 4:59 pm)
According to various news sources, including the Associated Press, George W. Bush and his administration is to blame for the Financial Crisis, having ignored clear warnings of a Financial Meltdown, and eased lending rules under the pressure of the banking industry (Typical for a republican)
Silicondoc (December 31, 1969 at 4:59 pm)
Expect the worst, now we've got revenge driven communists in charge. They've nearly raped the nation of all backing with the fannie and freddie schemes. It only took about a decade, and they've DESTROYED world finance. Communism. Preaching for the people rhetoric as they turn the nation by twisted law, into a seething swarm of citizen criminals, and line the pockets of those who steal at the top, and if anyone dare ask a question, they are a racist bigot or hater. Then blame someone else.
lionheart91884 (December 31, 1969 at 4:59 pm)
Unlikely. But we can dream.
lionheart91884 (December 31, 1969 at 4:59 pm)
I agree. But regardless the facts stated in this video are proven true, regardless of the source this guy uses to speak the truth.
primolander (December 31, 1969 at 4:59 pm)
Amen to that.
noonedude101 (December 31, 1969 at 4:59 pm)
I agree is should have been narrated, but overall seeing as this is all fact and the Liberals really did cause this I give thumbs up




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