A highly informative 10 minute video tracing the cause of our current financial crisis posted by TheMouthPeace at YouTube.
Video Description: 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.
Sunday, September 28, 2008 - I don't often recommend YouTube videos [b]ut this one explains what caused the wall street meltdown. Working to get the creator of this video on the radio show to talk about. Take the time to watch it please I have made points on the air about nearly all of the subjects…but this guy put it all in a graphic form that really works. Guess which presidential candidate sold out…and which one tried to fix the problems?
Lars
UPDATE 3: (9/30/08) This video is changing. The original music has been replaced and new content has been added. The URL is changing too (faster than we can keep up). It's become a battle for free speech! If you want to see what Obama supporters and Democrats don't want you to see go directly to the authors' YouTube site at: http://www.youtube.com/user/TheMouthPeace for the most recent posting.
This embeded video may not be the most current version!
Burning Down The House: What Caused Our Economic Crisis?
Send this link to everyone you know: http://www.youtube.com/user/TheMouthPeace Burning Down The House: What Caused Our Economic Crisis?
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