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Burning Down the House: What CAUSED Our Economic Crisis


US Politics & Gov't  (tags: Ethics, Greed, EconomicCrisis, Society, Business, Congress, Government, FederalReserve, Stockbrokers, PoliticsAsUsual )


- 3363 days ago - youtube.com
Do you want to know what caused our economic crisis? Well, listen to this!



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Comments

Blue Bunting (855)
Monday September 29, 2008, 5:48 pm
John McCain: Ha ha, google “bank collapse McCain” and you will find some fun results that old Walnuts had hoped were forgotten forever, because who remembers boring things like the Savings and Loan apocalypse or the Keating Five? Also, one of his sons just fled the board of a failed bank in Nevada!

Phil Gramm: Hateful old banking industry Texan crook was/is John McCain’s Economy Czar. He’s the one who called America a “nation of whiners” for being sad because of the New Depression. He also sponsored the deregulation that created the financial collapse. Gramm is also a vice-chairman at UBS, which is about to collapse, too.

"Phil Gramm? Wait, what did he do wrong?" Former Senator Phil Graham-- or as he was also known Senator Enron-- did so much wrong it boggles the mind. He pushed through the repeal of Glass-Steagall (banking regulations in place from 1932-1999). He pushed through energy deregulation, and an end to the prevention of oil speculation (which lead to oil speculation and Enron coming into CA and robbing us blind like Bonnie & Clyde). When he left the Senate, he went to work for the United Bank of Scotland as a lobbyist-- but before he left the Senate, he pushed AGAINST banking disclosure requirements that would have made it easier for us to track the money that funds terrorists against our Country.... what did Phil Graham do wrong? The better question since Phil Graham did SO MUCH wrong, is what did he not do wrong, if anything?
 

Blue Bunting (855)
Monday September 29, 2008, 5:49 pm
Politics in the Zeros: Spread the meme. Republicans are the party that wrecked America. John McCain’s long history with bank failures and financial scandals makes him uniquely ‘qualified’ to speak to the current crisis.

The next time a Republican friend says McCain is ready to Regulate the financial world... Refer them to ProgressiveAccounting.org
for a really long list of all the DEREGULATION McCain has supported over the past 26 years to get us into this mess.

Then suggest a vote for Obama.
 

. (0)
Monday September 29, 2008, 6:16 pm
You are mostly right, Blue, but there is at least one Republican in the House that has consistently voted my way and he voted against the 700 Billion bailout, Rep. Tod Tiahrt (T-Heart) of Kansas. Ron Paul has pretty much covered the causes that lead up to this disaster. People should visit his website and read his full statement made today before the House voted to trash this bill.
 
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