boognish100 (November 30, 1999 at 12:00 am)

@38dragoon38 It's from a Bremner, Bird and Fortune series called 'Silly Money', I think you can watch all 4 episodes on google video. Well worth a watch!

boognish100 (November 30, 1999 at 12:00 am)

@EasyEight88You'll find investment banks lobbying for lower interest rates, and laxer lending standards was in fact the root cause of the crisis. The government just did their bidding, deregulating and letting the cheap money flow, something which made the banks very rich indeed, but also deluded and feverishly speculative.

boognish100 (November 30, 1999 at 12:00 am)

@EasyEight88 If your on about HUD directing Fannie and Freddie to lend to below median income earners (known as Alt A mortgages) from the mid nineties onwards, that wasn't the cause of the crisis. It played a very small part. Fannie and Freddie never got into subprime, they were legally barred from doing so.

EasyEight88 (November 30, 1999 at 12:00 am)

Funny, but, completely leaves off WHY the banks started down this path. It started in the US when the Government FORCED them to make risky loans to low income people under the guise of social justice -- let the poor all become homeowners. Oh. And the Government also GUARANTEED the loans in case of default. But as the video points out, they didn't add much to the bank's asset sheet. SO they turned lemons into lemonade, bundled good with bad loans and created CDOs. The stage was set for meltdown.

PianoSonata (November 30, 1999 at 12:00 am)

@result321 I do, actually; and have taught them to Elitist; the only thing that will drive my beloved into proper society.

result321 (November 30, 1999 at 12:00 am)

@PianoSonata Do you have kids, piano?If so, you would not be that ignorant.

PianoSonata (November 30, 1999 at 12:00 am)

@result321 Don't complain about it; become one of them.

MrBestVid (November 30, 1999 at 12:00 am)

i am so happy just got a amazon voucher from FreeAccz. info cause their are great

38dragoon38 (November 30, 1999 at 12:00 am)

Dear Boognish, Thank you very much for posting this - I really enjoyed it. Also I liked the little black and white clip at the end also - nice touch. Can you please tell me where this little clip is from?Cheers!

BijiApoCheHugoChavez (November 30, 1999 at 12:00 am)

ohhh goddd his is just hillerious if this is ur future career! clearly capitialism is evil and is deteriorating, and will soon be gone thank god, regardless why not profit off of it while its still around! LOL!