Have You SEEN THIS Video???

[Death_Venom]

Everyone should watch this video-it is 10 minutes in length..........But watch the WHOLE video.........

http://ca.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487

[akhhorus]

Giving low rate mortgages to minorities did not cause this. Three acts did:
The Securites Amendment Act of 1975
Repealing the Glass-Stengal act(which Dingel warned about in the 90s)
and
the Gramm-Lugar deregulation of the banking industry.

[Death_Venom]

Giving low rate mortgages to minorities did not cause this. Three acts did:
The Securites Amendment Act of 1975
Repealing the Glass-Stengal act(which Dingel warned about in the 90s)
and
the Gramm-Lugar deregulation of the banking industry.

Well that video makes a pretty convincing argument........I am sure that the information mentioned therein combined with what you have mentioned pushed us over the edge........

[akhhorus]

Well that video makes a pretty convincing argument........I am sure that the information mentioned therein combined with what you have mentioned pushed us over the edge........

Don't use Internet videos as your research tools. They only use the facts/figures that show their case and don't show the honest truth of it. Any video that starts out whining about how Time warner censored them(which is impossible on the internet) at Obama's bidding is headed for a shipwreck on the rocks of insanity.

The problem was that the banks/investment firms were let into the Credit derivatives market by Gramm/lugar, so that they were all tied together. It became a house of cards that blew over when Bear Sterns was screwed over by short sellers trying to gobble up their stock at 10 cents on the dollar-only Bear Sterns went under instead and started a chain reaction.

[Death_Venom]

Don't use Internet videos as your research tools. They only use the facts/figures that show their case and don't show the honest truth of it. Any video that starts out whining about how Time warner censored them(which is impossible on the internet) at Obama's bidding is headed for a shipwreck on the rocks of insanity.

The problem was that the banks/investment firms were let into the Credit derivatives market by Gramm/lugar, so that they were all tied together. It became a house of cards that blew over when Bear Sterns was screwed over by short sellers trying to gobble up their stock at 10 cents on the dollar-only Bear Sterns went under instead and started a chain reaction.

You cannot deny the facts stated within the video........There are links to government sites to backup several of the claims made.

[akhhorus]

You cannot deny the facts stated within the video........There are links to government sites to backup several of the claims made.

Like I said: They only use the facts/figures that show their case and don't show the honest truth of it. Its like a 9-11 conspiracy video, a bunch of pics and video, but no real facts or context.

To answer some of its moronic points:
-Fannie/Freddie did see an explosion of their loans from 97-00, then they dropped back in percentages until 2005. The Banks had far more mortgages when the sub prime bubble was getting out of control-hence the 43 trillion dollar still in the CDM.
-The GOP controlled the Senate in 2005, so they had to have helped blocked the Bill to re-regulate Freddie/Fannie(which wouldn't have solved the CDM problem).
-Jim Johnson is an obama advisor, Rick Davis(mccain's campaign manager) is still getting paid as a lobbyist by Freddie/Fannie
-Franklin Raines isn't an Obama advisor. That accusation comes from a WaPo article where Raines said Obama asked for his advice on a couple questions. He's not a part of the campaign, nor did Obama ask him for advice after that one time.

I'm sorry, but this is little more than a ham handed attack on Obama and trying to blame him for the economic crisis. Maybe if Freddie/Fannie had a lot to do with the sub prime meltdown(they really didn't) and Obama was behind the legislation to start sub prime mortgages or deregulation of the banks and CDM, there would be a point here.

[swheeler]

So far it doesn't sound like it's worth 10 minutes of my time to watch this.

[BostonSkins]

This is cherry-picking stats and "facts" at its low budget production best. Bravo. One could easily make the same video with oil prices related to CPI and Bush/Cheney.