Burning Down The House: What Caused Our Economic Crisis?

From Sea to Shining Sea ^ | 9/27/08 | Purple Mountains

[PurpleMountains]

This is the video that is sweeping the internet. It is a John McCain promotion that also explains the causes of the housing bubble and the mortgage crisis.

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

[Porterville]

It’s global.

[combat_boots]

It’s gone viral.

[BufordP]

Links to follow while viewing the video:

• Subprime Lender Implosion: Bad Omen For Housing Market
• Community Reinvestment Act (WikiPedia)
• Community Reinvestment Act (PolicyLink)
• The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities
• First Union Capital Markets Corp., Bear, Stearns & Co. Price Securities Offering Backed By Affordable Mortgages
• Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage" Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers
• Going Subprime
• Fannie's Perilous Pursuit of Subprime Loans
• Chart (pdf): Loans With Affordability Features And Adjustable Rates
• Options expert calls Fannie, Freddie shares 'worthless'
• Regulators Spin Public to Boost Fannie, Freddie
• 12th bank failure of the year announced
• IMF says US crisis is 'largest financial shock since Great Depression'
• New Agency Proposed to Oversee Freddie Mac and Fannie Mae
• John McCain Warned Of Mortgage Collapse In 2005
• S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005
• Chris Dodd’s Loan Problem
• Obama turns to trusted political insider Jim Johnson for key campaign role
• Barack Obama advisor Jim Johnson quits under fire
• James Johnson resigns from Obama team
• Raines's Estate
• Advice from Raines
• On the Outside Now, Watching Fannie Falter
• *Friends of Angelo?
• Senior Fannie Mae bosses resign
• All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
• *Fannie Mae and Freddie Mac Invest in Democrats
• *Obama's ex-boss (Miner, Barnhill and Galland) a Rezko partner
• Strong, silent type (Fought red-lining)
• Schools in Chicago Are Called the Worst By Education Chief
• Obama, Education, and Accountability
• Kids' protest highlights rich-poor schools gap in Illinois
• The Immigration Debate: Its Impact on Workers, Wages and Employers
• Fannie Mae, Freddie Mac blind to bubble
• 4 Fannie Mae senior execs resign
• Pelosi: Dems bear no responsibility for economic crisis
• Obama Ridicules McCain's Economic Response

* - Couldn't find exact article. Provided suitable substitute.

[Jacquerie]

Emailed to over 400 of my closest friends.

Thanks.

[Logical me]

Excellent video and should convince most intelligent people. Too bad so many Americans are brain dead and the RAT corruption machine is so huge. The word will never get out in the media that is reaching the majority of the population. The proper home for RATS is in a cage, but they turned the tables and we are in the cage now. Need lots of work on our part.

[Jan Hus]

http://nocashfortrash.org/

[Sen Jack S. Fogbound]

BTTT

Let’s keep it at the top!

This is a very serious subject here, folks!!!

[Jan Hus]

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

[Paved Paradise]

That was excellent! BTTT.

I sent it to several friends and one of my friends is now circulating it also. People gotta see it - goes a bit fast but gets it so right on.

[Swing_Thought]

This is a good video, but it misses where the problem truly starts.

None of this would have been possible were it not for the federal reserve, the heart of our cartel banking system that controls our money. The fed primed the pump that allowed these malinvestments to happen.

If we had true money, and a free market banking system, this could have never have happened.

People need to wake up and realize that, as smart as they may look, “experts” like Greenspan and Benanke are in one sense fools - because they think they can predict the actions of 300 million individuals. Smart as they may be, they can’t.

And that’s why we have this problem folks. Problem like this will not go away until we address this problem. Central planning, whether it be Soviet economic planners or American monetary planners, just doesn’t work.

[PressurePoint]

Warner Bros. music had the video pulled. Here's another Link that might allow you to see it.