Definitive video on the Subprime crisis
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
The really interesting thing about the information in this video is that all the trails lead back to the Democrats. The Dems protected their Community Reinvestment Act (enacted during the Carter Administration) and protected Fannie and Freddie driving the subprime market and the housing market into overload. Who tried to stop it? The Bush Administration and John McCain. Both of these attempts were blocked by the Democrats in Congress. That gives the Dems constant harping on “failed Bush economic policies” mantra a whole new spin. (Bovine Scatology!)
Let me know what you think of this video!