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  #1  
Old 09-26-2008, 07:03 PM
chintu25 chintu25 is offline
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Thumbs down What Caused Our Economic Crisis ?

REALITY CHECK RIGHT HERE


http://www.youtube.com/watch?v=H5tZc8oH--o


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Last edited by chintu25; 09-26-2008 at 07:06 PM.
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  #2  
Old 09-26-2008, 07:21 PM
h1techSlave h1techSlave is offline
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Default Unfortunately general public would fall easily for a nice speech

Unfortunately general public would fall easily for a nice speech. Like they did during the early 30s in Germany. Who has time to verify facts?

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Originally Posted by chintu25 View Post
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  #3  
Old 09-26-2008, 07:45 PM
sieb sieb is offline
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Default

Great find !!! Explains a lot...
They are putting the same short sighted people who brought the system down in charge of fixing it. Hope it works for everyone' s sake !!!!
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Old 09-26-2008, 08:29 PM
pkv pkv is offline
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Default It's correct

Quote:
Originally Posted by h1techSlave View Post
Unfortunately general public would fall easily for a nice speech. Like they did during the early 30s in Germany. Who has time to verify facts?
I've done fact findings on this.. It's correct.
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  #5  
Old 09-26-2008, 08:46 PM
nojoke nojoke is offline
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Default Not True

Quote:
Originally Posted by chintu25 View Post
Google The Gramm-Leach-Bliley Act.
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  #6  
Old 09-26-2008, 08:59 PM
stuckinretro stuckinretro is offline
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There is tons of other stuff more that this video doesn't show!

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Originally Posted by chintu25 View Post
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  #7  
Old 09-26-2008, 09:41 PM
JunRN JunRN is offline
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Default

The analogy is simple: Democrats blew the balloon and tried to regulate the air volume and pressure. When Republicans came into picture holding the balloon, they removed the regulation without stopping the air from coming in....then the burst.
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Old 09-28-2008, 09:45 PM
go_guy123 go_guy123 is offline
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Default

Quote:
Originally Posted by JunRN View Post
The analogy is simple: Democrats blew the balloon and tried to regulate the air volume and pressure. When Republicans came into picture holding the balloon, they removed the regulation without stopping the air from coming in....then the burst.
In some ways recession is a remnants of the previous recession. Alan Greenspan should have allowed the previous recession to have its full course.
Instead he tried to jump start the economy by ultra low interest rate of 1% for way too long. This created the real estate bubble. Bush also knew this was a bubble but so long it created jobs artificially, he was fine as he desperately wanted job creation before 2004 election
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Old 09-28-2008, 10:33 PM
bobzibub bobzibub is offline
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Default You are bang on.

Quote:
Originally Posted by nojoke View Post
Google The Gramm-Leach-Bliley Act.
The video is simply Republicans blaming Democrats. I'm sure you can find a you-tube video where (gasp!) Democrats blame Republicans.

Why not try to go to a more unbiased and professional news organization that will give a better perspective less affected by the election here.
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