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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 un…
Burning Down The House: What Caused Our Economic Crisis? Bombshell
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While I would agree that there were other factors that contributed to the severity of the crisis, the Community Reinvestment Act and the mismanagement of Fannie/Freddie by Democrats in congress were the poison pills at the root. If it weren’t for our system that prevents the liability of those in office and an all-too-willing Democratic accomplices in the National Media – a lot of those congress critters would be in jail for life instead of on the speaking circuit making money.
Burning DOwn the HOuSe!
George 35226660 you know who am I and when you die hell is your prize.I will skin you and I will partite your body!Then I will bring you back and I’ll do it slowly and slowly and slowly and slowly and slowly and slowly. You, your children and grand children and your grand-grand children will face the same faith. I’ll make you watch and I’ll make them watch. This is your garland for your fidelity. There are much others like you on my list. You complete me.Pleasure pain and darkness is your future
I appreciate this vid but slow down a little when putting this kind of info out will ya? I’ve never had to push the pause/play so much in my life. lol Good vid tho.
Dear Friend:
What are you going to do if you get to the store and see empty shelves?
We need to talk. There’re some serious events about to hit the US.
The bottom-line is, any disaster (big or small) could force you to go weeks without food.
Without the essentials we may not survive. And there’s going to be no way to get them when a crisis hits (or the news even smells a crisis for that matter).
Get to know more here —> bit.ly/WUE4Sn?=fcrisis
Actually I think this crisis was decades in the making. Both political parties rubberstamped legislation that increased the probability of such a crisis. In fact, the cause of this crisis involves more than just subprime loans. For example, a large contributor to the crisis was the huge amounts of credit default swaps that went uncapitalized, and this was a result of large complex financial institutions being able to hide their risks until it was too late.
@spitfirebaby it worked great for 80 years until bush did his home ownership program in 2002. check out bush with his buddies fanny and freddie at GEORGE BUSH AND FANNIE MAE AND FREDDIE MAC on youtube. Be sure to pay attention around the 4 minute mark.
IT was the Liberal Congress that did this!! Get your facts straight. Fannie Mae and Freddie Mac were made by the Democratic Congress!!!!
read the book called The Subprime Crime
@kahrytan Your way off from the truth. The 1929 republican crash caused the great depression. The republican crash of 2008 was because of george bush push for more home ownership. youtube GEORGE BUSH AND FANNIE MAE FREDDIE MAC.
I know this is a long time ago now, but I just realized you replied to my comment LOL. I guess I should check my YouTube “inbox” from time to time. Anyway, I was just defining de facto segregation, wasn’t commenting on its relation to the housing bubble. You asked “What is de facto segregation?” so I was simply answering your question by providing a definition. Glad to help…
And apparently everyone wants the same idiots to “fix” the problem. Libertarians would be great opposite the constitution party.
Democrats Bad, Republicans Bad. Libertarians for the win. but Democrats causes economic collapse and caused 21st century Great Depression.
Democrat good. Republican bad. Why should I think when someone will do it for me?
@mrbamajama i follow intrade and nate silver. the reason why those polls are like that is because he lies and moved away from extreme right like yourself
LMAO have you seen the CNN polls on the economy ?
Economy 59 -40 Romney..healthcare 49-46 Rom..Taxes 51-44 ROM. Deficit 56-39 Rom
more presidential 49-46 ROM….that 46 to 30 poll win shows OBAMA really lost.
CBS POLL was 37-30-33 thats 63 that didnt think OBAMA WON… you keep listening to the MSM…..AND SAY YESSSSSS YESSSSSSSSSSS
NEVADA FOCUS GROUP OF OBAMA VOTERS IN 2008 MOST SAID ROM WON.
MSNBC 8 UNDECIDEDS 6 OF 8 GOING ROM. 1 OBAMA 1 UNDECIDED….
I have some questions…. Why is the Federal Reserve Run by Jews? Why are there so many Jews in the government in key positions? Why have the Jews in government passed so many anti-white, anti-freedom laws? Why Are The Banks Run by Jews? Why is the Media Run by Jews? Why is Hollywood Run by Jews? Why are Educational Institutions Run by Jews? Why have Jews been expelled (109 TIMES com)?
@mrbamajama Name calling is the first sign of losing the debate.
You sir are a damn idiot.
@Rg Richard snopes.com totally destroys your lie. The sad truth is wall st. ran out of good borrowers and with the help of George bush they alot more new customers. go to GEORGE BUSH FANNIE MAE AND FREDDY MAC on YouTube.
lol
.what caused it is the ” fractional reserve” and “fiat currency”
Case Name
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Obama was in private law practice and did, indeed, sue Citibank in 1995 on behalf of Minority borrowers to force Citibank to make loans to unqualified applicants.
It is ‘gullible’ to make false accusations and call folks names when you have no facts.
Any Gentile country that allows itself to become Jewified is doomed. Ivan Boesky, Martin Frankel, Dennis Levine, Andrew Fastow, Lou Pearlman, Bernie Madoff, Michael Milken, Paul Allen, Roman Abromovich, Michael Dell, Sheldon Adelson, Lawrence Eillison, Steven Ballmer, Lewis “Scooter” Libby, Moses Annenberg, Meyer Lansky, Arnold Rothstein, Dutch Schultz, Bugsy Seigel, Lloyd Blankfein, Ben Bernanke, Leon Trotsky, Lazar Kaganovich, Genrikh Yagoda, Leonid Reichman, Yakov Sverdlov…
4 MORE YEARS! 4 MORE YEARS! lol jk im canadian idk wtf is going on.
agreee…if obama will still given a chance to win this coming election..this country america….will belong to a 3rd world country….
Your source is a far right wing hack online journal, making absurdest illogical suppositions. It fails to state the suit proved Citibank did not use the same equal criteria to approve or no, loan applications by black people as white people. It in no way forced Citibank to make subprime loans to people who didn’t qualify. If it was even half true McCain would have used it in 2008, but he at least had some modicum of integrity, unlike the distortions this video and you try to promote.
Obama wasn’t a Federal politician in 1998 and never sued Citibank.
You’re either very gullible or you’re a smart spreader of lies maybe paid by some group.
So true.
Obama did NOT cause the Financial Meltdown. That’s total FICTION and UNTRUE. 1’st, Obama didn’t sue Citibank in 1998. More important, Citibank set up it’s own sub-prime lending division because they could lend at higher interest rates * make higher profits. No one made them do it & it was illegal. In fact, they discriminated against minorities with good credit and sent their loans to the sub-prime division along with anyone dumb or informed enough if they though they could get away with it.
No. The regulations mandated making housing loans to people who couldn’t afford traditional mortgages. Deregulation means removing controls. This was adding controls to change the market.
I couldn’t help but notice tons of missing facts in this video. The housing market held things together during the tech bubble. There is good and bad to everything in life. Try to do the best for the people you love and it will probably not be Romney’s plan unless you are filthy rich.
what are the real crisis?
What a lame comment. Everything on this video was supported with articles and professional graphs. Name ONE thing in here that was inaccurate.
Housing had to fill the void of the economy that had already left due to globalization. The continued decline of wages and jobs caused the collapse.. What we’ve witnessed was unbridled western capitalism slowly killing itself. The whole world except republicans acknowledge this.
The democrats AND the republicans work hand in hand to make the bankers a SHIT-TON of dough.
Here are Romney’s top contributors so far:
#1 Goldman Sachs-$593,080
#2 JP Morgan Chase & Co.-$467,089
#3 Bank of America-$425,100
#4 Morgan Stanley-$399,850
#5 Credit Suisse Group-$390,360
#6 Citigroup Inc-$312,800
#7 Kirkland & Ellis-$264,302
#8 Wells Fargo-$237,550
#9 Barclays-$234,650
#10 PricewaterhouseCoopers-$227,250
Don’t give me some shit about left vs right. This is BI PARTISAN THEFT OF OUR $.
How convenient that this information was left out, the write up is not credible.
1. bush mandates fann and fred to increase home ownership by 440 billion in 2002.
2. bush signs American dream downpayment act in 2003, basically putting people into homes and subsidizing the down payment.
3. Bush ‘s treasury department preempts states law’s on predatory mortgage lending in 2004. lair loans and no doc loans explode
4. 2004 SEC Net Capital Rule Deregulation, banks can leverage 30 to 1
This is a terrific writeup explaining the process Democrats used to crash the economy.
Housing Bubble, Financial Crisis — What Happened, Who is Responsible
Lenders were set up for a fall by Democrat bullying, Republicans tried to stop it.
tjhancock . wordpress . com/housing-bubble-financial-crisis-detailed-comprehensive-assessment/
ppp, america would just be another turd world nation if europe didnt take it over.
The native American’s have been trying for 200 years to get the illegals to leave.
how about a link?