A primer on the current crisis, and the history of what caused it.
About 10mins long, and worth the time. Lots of facts that can be googled for verification.
Link (via Instapundit)
UPDATE:
Warner got the video removed from YouTube. Here's the new version.
Burning Down The House: What Caused Our Economic Crisis?
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Erik
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Burning Down The House: What Caused Our Economic Crisis?
Last edited by Erik on Mon Sep 29, 2008 7:45 pm, edited 1 time in total.
"Life is tough, but it's tougher if you're stupid."
John Wayne
John Wayne
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FastRope71
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Re: Burning Down The House: What Caused Our Economic Crisis?
Thanks, Erik.
I 'm going to show that to the Mrs. and the kids when they are done with their homework.
I 'm going to show that to the Mrs. and the kids when they are done with their homework.
If you are unwilling to give another man freedom in his life, do not expect to have it in your own.
It surely beats trying to figure out what the metrosexuals want ( a good hard kick in the nuts in my opinion, but that won't sell ice cream :D )- Highspeed
It surely beats trying to figure out what the metrosexuals want ( a good hard kick in the nuts in my opinion, but that won't sell ice cream :D )- Highspeed
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Scott Free
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Re: Burning Down The House: What Caused Our Economic Crisis?
The inimitable Miz Malkin has an interesting article about a contributing factor in the mortgage meltdown: illegals.
Gee, who'da thunk?
Gee, who'da thunk?
Reality is that which, when you stop believing in it, doesn’t go away.- Philip K. Dick
It’s Ayn Rand’s world, we’re just living in it. -- Glenn Reynolds
It’s Ayn Rand’s world, we’re just living in it. -- Glenn Reynolds
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mekender
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Re: Burning Down The House: What Caused Our Economic Crisis?
yeah i am hearing that too... also that lenders were being pressured to lend more money to minorities in a push to be "fair"Scott Free wrote:The inimitable Miz Malkin has an interesting article about a contributing factor in the mortgage meltdown: illegals.
Gee, who'da thunk?
“I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform.” - Norman Thomas, a six time candidate for president for the Socialist Party, 1944
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FastRope71
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Re: Burning Down The House: What Caused Our Economic Crisis?
Perhaps we should redefine fair to mean that the majority get boned to placate the unworthy few.
If you are unwilling to give another man freedom in his life, do not expect to have it in your own.
It surely beats trying to figure out what the metrosexuals want ( a good hard kick in the nuts in my opinion, but that won't sell ice cream :D )- Highspeed
It surely beats trying to figure out what the metrosexuals want ( a good hard kick in the nuts in my opinion, but that won't sell ice cream :D )- Highspeed
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Fivetoes
- Posts: 1466
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Re: Burning Down The House: What Caused Our Economic Crisis?
All true politicians will sell out anybody for a few more votes. That is what happened in the early 90's when laws were passed to make it possible for those who didn't have the necessary credit to buy a used automobile could be trusted to make house payments. The general population is as much to blame because of their indifference as to what laws were being passed in Washington. Things were going so good for the dems that they thought it would be a good idea to repeal regulations from the depression era. Lessons were not learned, now we are fucked again.
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Flintlock Tom
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Re: Burning Down The House: What Caused Our Economic Crisis?
Just heard that the House of Reps declined to pass the bail-out package.
Bravo.
Bravo.
If time, chance and random process can produce a platypus why not an ammo tree?
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Erik
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Re: Burning Down The House: What Caused Our Economic Crisis?
"Life is tough, but it's tougher if you're stupid."
John Wayne
John Wayne
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Denis
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Re: Burning Down The House: What Caused Our Economic Crisis?
For a written, rather than you-tubish, set of comments on the origins of the financial crisis, I recommend looking at Jerry Pournelles daybook: start here and scroll down to the various "bailout" links. I think Dr. Pournelle might be one of the sanest people on the planet, and what he has to say - whether ones agrees or disagrees with his conclusions - is usually well worth listening to. I only wish that the "powers that be" would pay attention to his ideas.
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FelixEstrella
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Re: Burning Down The House: What Caused Our Economic Crisis?
+1000 BRAVO!!!!!!!! Let's hope the fucking dems get swept out of the house, and under a bus!!!!Flintlock Tom wrote:Just heard that the House of Reps declined to pass the bail-out package.
Bravo.
My investments are down 20%, but that's a small price to pay .....
