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
November 18, 2008 House Financial Services Committee Ron Paul (this man rambles) Federal Reserve Chairman Ben Bernanke Treasury Secretary Henry Paulson
****BREAKING UPDATE*********** Many important members of the media and the Republican leadership in Congress were sent this video series. I asked everyone this was sent to to share it with all policy makers in this deal & Congress. The insurance elements & other aspects of the solutions I outlined have been included in the plan by the Republicans! We are having SERIOUS impact! & the final plan is much better now for the American people. John D. Villarreal – The Super Genius! **************************************** This is a 5 part series that provides answers as to why we are in this crisis and how to solve it. By: John D. Villarreal (174 IQ), a real-life super genius and former host of GameSpot TV & KSFO (political talk radio)! www.JohnDVillarreal.com Subscribe to my videos now! Join the Villa Army today! Sign up now @ www.MySpace.com (add me as a friend) Go check all of our cool products at: www.Villarrealfitness.com Also be sure to sign up to talk sports & politics at www.Villarrealsports.com
Financial Crisis Spelled Out So Any Dumbed Down Citizen Can Understand. Starring All The Good Ones Barack Obama George Bush Nancy Pelosi Barney Frank (Ron Paul Peter schiff Dennis Kucinich Not Thugs) Dick Fuld Alan Schwartz Ben Bernenke Ken Lewis Hank Paulson Alan Greenspan and Many More Thugs
President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …
Was the lack of regulation on financial derivatives the main cause of our economic collapse? Or was it the easy money that Fanny Mae and Freddie Mac were giving out for home mortgages like there was no tomorrow? I would say that it was both, but there were other factors involved as well. The way I see it is that there was overregulation on one hand, Fanny and Freddie, while on the other hand there was under regulation when it came to these derivatives. I believe that this economic crisis we …
