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The Financial Crisis…Simplified
Posted by admin
Hank (and Hank and Hank and Hank and Hank) give an extremely simplified account of how we got into such a terribly gigantic financial mess in America.
Duration : 0:4:1
25 Responses to “The Financial Crisis…Simplified”
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November 19th, 2008 at 8:42 pm
just got …
just got bibliography-ized
November 19th, 2008 at 8:42 pm
Lmao ending was …
Lmao ending was priceless!
November 19th, 2008 at 8:42 pm
what is happening …
what is happening to the white race….
November 19th, 2008 at 8:42 pm
That was good, …
That was good, thanx man.
Elephant crap on a hot day, lolz.
November 19th, 2008 at 8:42 pm
Cheers! That was …
Cheers! That was great!!!
November 19th, 2008 at 8:42 pm
Great explanation! …
Great explanation!hahha
November 19th, 2008 at 8:42 pm
Excellent!!!
Excellent!!!
November 19th, 2008 at 8:42 pm
Brilliantly …
Brilliantly done.You should get an oscar!
November 19th, 2008 at 8:42 pm
crisis what crisis?
crisis what crisis?
November 19th, 2008 at 8:42 pm
Why don’t the …
Why don’t the executives worry about the future? Because they plan to have a government job when it all collapses, so they can make money fixing the system they broke. Don’t believe me? Look up “Franklin Raines.” Former Fannie Mae executive, up until the crisis was one of the top advisors for a candidate for President. Made $90 MILLION from doing this.
November 19th, 2008 at 8:42 pm
No, that system …
No, that system works as long as the guvmint doesn’t interfere. But in the late 1990s, the President signed a bill that allowed “community organizations” to basically keep banks from doing business unless they did what you see depicted here. I have two books for you to read: Adam Smith’s Wealth of Nations and Ayn Rand’s Atlas Shrugged.
November 19th, 2008 at 8:42 pm
Its always good to …
Its always good to laugh at corruption….gonna drink some fluoride now.
November 19th, 2008 at 8:42 pm
Well played …
Well played multiple Hanks, well played…
November 19th, 2008 at 8:42 pm
that cleared it all …
that cleared it all up for me. i now completely understand our financial crisis.
November 19th, 2008 at 8:42 pm
VERY WELL DONE!! …
VERY WELL DONE!! That’s it pretty much in a nut shell. If anyone is curious to who the REAL people are that are under the hats it’s explained in another video called “Burning Down the house, and what caused the finacial down fall”.
November 19th, 2008 at 8:42 pm
The video doenst …
The video doenst explain the real reason for the crisis. We have three basic problems: a) the debt based money system. b) banks create money from nothing and get paid interest for money they never had. c) the exponentially growing debt due to interest. Solution is to create money that is not based on debt and that comes into the system by an exchange with goods.
November 19th, 2008 at 8:42 pm
simply great!!!
simply great!!!
November 19th, 2008 at 8:42 pm
Everyone should …
Everyone should watch your video. Good work.
November 19th, 2008 at 8:42 pm
It isn’t safe. It’s …
It isn’t safe. It’s the opposite. The bailouts interfere with the market. The loans were not supposed to be bought by the government.
The firms holding the loans were supposed to go under and then other banks that made the correct moves would have been rewarded, as they could now buy the loans at a cheap price. Now the people that made the bad moves get rewarded and the people that did the right thing are shafted.
Worst of all, the average consumer has to pay for it.
November 19th, 2008 at 8:42 pm
Check the politics …
Check the politics video. Youtube search= thenewhotfire – The Bay is in Yo Area.
November 19th, 2008 at 8:42 pm
I love the many …
I love the many ways people try to make sense of this financial crisis! Check out our channel for the truth behind it all…
November 19th, 2008 at 8:42 pm
It was done safely …
It was done safely because the groups backing the act were “essentially” buying up bad loans, or otherwise covering bank loss. It was in the 90’s that pressure by democrat and community groups was strongest, and were pouring the most money into support. 2000 and new bills; The banks having faced so much pressure to make bad loans came up with a solution based on the C groups own practices. They were now able to sell loans to anyone cutting normal loss problems. Things only escalated from there
November 19th, 2008 at 8:42 pm
And it’s amazing …
And it’s amazing how McCain doesn’t take the credit for bringing up the concern of it all back in the mid 90’s & Bush did as well in the early 90’s, but the wipe Dems wouldn’t listen! THANK YOU CLINTON! THANKS DEMS! IT’S ALL YOUR FAULT & I DARE ANYONE TO LOOK IT UP! …OH AND THANK YOU CBS,NBC&CNN FOR NOT REPORTING THE NEWS LIKE YOU ARE SUPPOSE TO FOR THE AMERICANS. IT’S LIKE WATCHING THE DISNEY CHANNEL!
November 19th, 2008 at 8:42 pm
well-deliberated.. …
well-deliberated.. thanks for the info.!
November 19th, 2008 at 8:42 pm
This video deals …
This video deals with one half well of the issue, the other half is it takes a lot of relatively cheap oil, gas and coal to build houses and run the economy that supports those well paying jobs. ….and you’re right on the short vs. the long term view. Looks more like a global depression.