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Phill Gramm Ruined The Economy

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Tags for this video : bankrupcy banks economy eron finances gramm indymac john mccain money phill psychological ruin the turks young

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The bankers who ... ( 5 months ago by Srhandel)

The bankers who underwrote these interest only loans, etc. loans that re-adjust never saw the housing bubble bursting coming ?? They allowed naive people who never owned a home to buy one w/no money or little money down?? They charged them predatory lending rates. I have owned real estate for 20 years, I have never even considered taking an ARM. I currently have a 15 year loan at 5% interest that is almost paid off. My house has lost value but I should be okay if the entire economy doesn't fail.

Deregulation/ ... ( 5 months ago by rctube1958)

Deregulation/regulation is a misnomer. What happens in both is politicians pass rules written by the effected companies to give the companies a risk free ride. Freedom from failure; let the gambling begin. The calls for regulation is just falling into this trap. We don't need more regulation. We have too much. What we need is a system that allows the big money to truly fail, go bankrupt, not be "too big to fail." In that environment, business will regulate itself accordingly.

Array ( 5 months ago by daveelderdotcom)

Hey, Cenk,
You nailed it here, again! Regulations = rules -- that's brilliant in its simplicity! And when you put it that way, as in, "Republicans say there should be no rules in business" (and they do), you make it much clearer what kind of crazy talk that is.
-dave elder

did you not pay ... ( 5 months ago by lebaneseameer)

did you not pay attention in Finance classes?? What are you talking about?

"We don't need no ... ( 5 months ago by luvangel330)

"We don't need no stinkin' rules!!"

The US bailed out ... ( 5 months ago by AnonymousBChurch)

The US bailed out Bear Stearns new owner JP Morgan by swapping their worthless "subprimes" for US dollars, including Treasury putting the US taxpayer directly on the hook for Bear Stearn's liabilities, stopped naked shorts from a list of the top most connection Wall Street firms, bailed out Fannie and Freddie with tax money, and has devalued the currency through inflation at historic levels.
This is just Communism for the Bankers.

OF COURSE!!! lol. ( 5 months ago by Basta11)

OF COURSE!!! lol.

That's cause the ... ( 5 months ago by shirazhound)

That's cause the Dems have been outnumbered on Capitol Hill since the Clinton era. Stopping this instantly would've been like stopping a high-ballin locomotive by stretching chicken wire across the tracks....

Oh, very, very well ... ( 4 months ago by TheGiantRobot)

Oh, very, very well said.

Yeah, that was the ... ( 4 months ago by TheGiantRobot)

Yeah, that was the final straw for me. They aren't even being subtle about it anymore - you're a billionaire who violated ethics, bankrupted your company, and took home multi-million dollar rewards in the bargain? Jail time? No, no. Here, take the citizens' money and do it again.
Revolution anyone? I'm there.

srhandel, video now ... ( 3 months ago by Itslifeshithappens)

srhandel, video now has 3,923 views...that's how many times people see your face and say, 'His mother must have had a bitch of a pregnancy'...hehe..funny.

Barack Obama ... ( 3 months ago by bennyh12345)

Barack Obama received the 2nd most campaign contributions from Fannie Mae. Democrat Chis Dodd was first. Fannie Mae's disgraced former CEO-Franklin Raines- is an Obama economic advisor.
Obama slected disgraced former Countrywide Mortgage CEO Jim Johnson to lead his VP vetting committee. Remember? It was only a few months ago. Jim Johnson resigned when it was revealed his corruption and golden parachute were revealed. Obama's blasts Countrywide, picks Jim

It was Clinton who ... ( 3 months ago by bennyh12345)

It was Clinton who repealed the Glass-Steagall Act in 1999.

Free market driving ... ( 3 months ago by jereuter01)

Free market driving!!! LOL!!!

amen ( 3 months ago by crayyawn)

amen

good stuff man we ... ( 3 months ago by tariffmariff)

good stuff man we need to know the truth

HISPANICS were the ... ( 3 months ago by tellthetruthh)

HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!

Pat? Pat Buchanan, ... ( 3 months ago by terryriw)

Pat? Pat Buchanan, is that you? I didn't know you posted on here. Welcome!

Yeah...just because ... ( 2 months ago by McGyver9)

Yeah...just because some lib said it makes it true....have some more kool-aid.
Any explanation why that fag barney frank didn't say something about this?
Because this video is full of lies....
You guys make up (and believe) more BULLSHIT than a third grader.

Obama´s economic ... ( 2 months ago by xaviqaz)

Obama´s economic advisor Bob Rubin joined Citigroup and eventually became chairman after his political career as Clinton´s Secretary of Treasury ended. Citicorp and Travelers Group combined to form Citigroup in 1998, which was actually illegal under Glass-Steagall. So one year later, in november 1999, president Clinton, 90% of Senate and 80% of House certified the Glass-Steagall Act defunction. PD: Jim Leach (Gramm-Leach-Bliley) is now a big supporter of Obama

The sooner people ... ( 2 months ago by OmarThePug)

The sooner people realize that the both the Dems and Repubs have sold out for the $ the sooner we can get on with the real "change." Obama is/will be just as big as a corrupt puppet as we've had over the last 40 years.

I've been writing ... ( 2 months ago by RAMKING61)

I've been writing to major media outlets ALL YEAR about Phil Gramm! USAToday finally noticed Phil on October 13th, Anderson Cooper on the 14th. Watch my channel for more truth about Phil Gramm and the bailout.

And this we never ... ( 1 month ago by JK68LC)

And this we never heard about again. I have been writing to reporters begging them to explain to the american people the real cause of this bubble. THANK YOU. The truth is that from 2003 to 2007 the capital embedded in these risky financial vehicles doubles 7 fold. SEVEN times over just 4 years. Irresponsible, please work hard to NEVER let the republicans regain power again.

I have what you ... ( 1 day ago by kingsmyc)

I have what you need to get you residual income every week come check it out I'll teach everything you need.

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Phill Gramm Ruined The Economy