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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
it is very partisan! so you Republicans will love it 
this moves really fast
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Posted 10/1/08 7:32 PM  |
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Woodsy
LIF Infant
Member since 6/05 241 total posts
Name:
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
I think this video is great!! Thanks for posting!! It kept getting pulled off Youtube because of a copyright claim by Warner music...perhaps it was resolved, though.
Honestly, 2 of my on the fence friends are now voting McCain b/c of this video!!!
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| Posted 10/1/08 8:09 PM |
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mrsej
The cutest!
Member since 1/07 2495 total posts
Name:
Mommy
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
CNN Headline news just did a piece on Obama's national finance chairperson, Penny Pritzger, and how she is one of the wealthiest people in the world. her family owned a bank that failed in2001 because of poor oversight and had to be bailed out by the government and this bank, including which she was chairwoman of, supported policies that preyed on minorities. The tv anchor was commenting that he did not know this and was annoyed that things like this were not getting press coverage.
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| Posted 10/1/08 9:52 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
Posted by mrsej
CNN Headline news just did a piece on Obama's national finance chairperson, Penny Pritzger, and how she is one of the wealthiest people in the world. her family owned a bank that failed in2001 because of poor oversight and had to be bailed out by the government and this bank, including which she was chairwoman of, supported policies that preyed on minorities. The tv anchor was commenting that he did not know this and was annoyed that things like this were not getting press coverage.
of course things like this and ACORN get no coverage. they're too busy talking about Palin
eta: just take a look at the threads on this site - 1/2 of them right now are about Palin.
Message edited 10/2/2008 7:53:48 AM.
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| Posted 10/1/08 9:58 PM |
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Songwriter76
LIF Adult
Member since 4/08 902 total posts
Name:
David
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
Everyone had a hand in screwing this up. Republicans, Democrats, Treasury Department, etc...
I don't understand anyone basing their 2008 presidential decision on this video. You can find just as much dirt on the republicans when it comes to this mess we're in too.
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| Posted 10/1/08 10:33 PM |
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mrsej
The cutest!
Member since 1/07 2495 total posts
Name:
Mommy
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
Posted by Songwriter76
Everyone had a hand in screwing this up. Republicans, Democrats, Treasury Department, etc...
I don't understand anyone basing their 2008 presidential decision on this video. You can find just as much dirt on the republicans when it comes to this mess we're in too.
First I was surprised at CNN for coming down on Obama - they actually said Obama shouldn't be trying to clean up anyone else's house before taking a look at his own - I just wish I wasn't finding out all of these interesting details about Obama now - it makes me wonder what else is hiding - I wish all of the interviews with him were a little more substantive. i agree that everyone had a role in this mess, but after this CNN interview, I feel like I should be doing more research on my own and not relyng on the media.
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| Posted 10/1/08 10:44 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
Excellent video! Thanks for posting. All talk, all BS as I suspected.
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| Posted 10/2/08 4:01 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
Posted by mrsej
Posted by Songwriter76
Everyone had a hand in screwing this up. Republicans, Democrats, Treasury Department, etc...
I don't understand anyone basing their 2008 presidential decision on this video. You can find just as much dirt on the republicans when it comes to this mess we're in too.
First I was surprised at CNN for coming down on Obama - they actually said Obama shouldn't be trying to clean up anyone else's house before taking a look at his own - I just wish I wasn't finding out all of these interesting details about Obama now - it makes me wonder what else is hiding - I wish all of the interviews with him were a little more substantive. i agree that everyone had a role in this mess, but after this CNN interview, I feel like I should be doing more research on my own and not relyng on the media.
you absolutely SHOULD do more research! don't believe everything you see on CNN or anywhere else. there is a TON of info online on everyone involved in this election.
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| Posted 10/2/08 7:50 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
I just want to add that this video is extremely 1 sided, but facts are facts. look into some of the things mentioned in the video. they may have spun it towards the right, but all those things really did happen.
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| Posted 10/2/08 7:52 AM |
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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
There was definitley spin in that video, ALOT of spin in some cases, but interesting nonetheless.
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| Posted 10/2/08 9:25 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
let's find a sqeaky clean candidate who will be the ultimate do gooder, never stole candy from a baby, always walked his grandma across the street and was a boyscount/girlscout.
They all have skeletons. If you look hard enough you will find vile things about both candidates.
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| Posted 10/2/08 10:33 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: This Youtube video explains a lot about what went wrong, the root cause and why the bailout is being proposed - BUT...
I wanna be loved by you...just you and nobobdy else by you
boo boo be doo  
just cuz this is so long...here is the fact check truth
The Real Deal
So who is to blame? There's plenty of blame to go around, and it doesn't fasten only on one party or even mainly on what Washington did or didn't do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility ... with hard-working homeowners and billionaire villains each playing a role." Here's a partial list of those alleged to be at fault:
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.
Message edited 10/2/2008 10:49:57 AM.
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| Posted 10/2/08 10:48 AM |
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