I was directed to this video by my friend Dick in Florida. This is a great review of the causes of our current “economic crisis.” The video runs about 11 minutes and it goes very fast, but it is very, very good. Definitely a “must see.” Burning down the house: What caused the economic crisis […]
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Comments(0) Even the New York Times, that bastion of the left, got the idea that subprime loans could be a problem. In this article from 1999 the Times reports on the potential problems with Fannie and Freddie reducing the standards on loan packages that they would by. Quoting the times article: In moving, even tentatively, into […]
Read More..>> Comments(0) This is a letter that was sent to a friend of mine in the Orlando, Florida area. It gives a good history of some of the issues that caused the mortgage meltdown and our Federal Governments roll in creating that meltdown. _____________________________________________________________________________________ Dear Richard: Thank you for contacting me to express your opposition to the […]
Read More..>> Comments(0) Here is a link to the speech Speaker Pelosi delivered in the Congress on September 29, 2008 that so enraged the Republicans. She did a good job of bashing the Bush Administration and the Republicans and made it sound like the Democrats had no part in the Wall Street meltdown! Nice Job! She must have […]
Read More..>> Comments(0) I just watched a video of a news conference on CNN.com. The Democratic leadership of the House and Senate shared with the news media how hard they worked in bringing about the legislation for the bail out of Wall Street. Featured was Speaker of the House Pelosi, Senate Majority Leader Harry Reid, Representative Barney Frank […]
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