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Sep 26 2008

Video: What Caused America’s Economic Crisis in Ten Minutes

Posted by Flap in Barack Obama, John McCain

Watch it all and weep.

The video explains the sub-prime loan crisis, the housing bubble and the Community Reinvestment Act (CRA).

Exit questions:

  • Is Barack Obama experienced enough to deal with the crisis?
  • Or will American voters turn to John McCain?
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This entry was posted on Friday, September 26th, 2008 at 6:56 am and is filed under Barack Obama, John McCain. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

  • http://www.skjc.org skjc

    A nice vedio!

  • http://www.frankrichard.com Frank

    This is true, but wouldn’t it prompt you to do a thorough investigation against your own assumption before proclaiming its completely the CRA’s fault?

    I’m not in a position to judge whether or not the CRA had a key, rather than contributing or subtle, role in the housing bubble. But I would like to see some opposing views in a video that outright claims as such.

    Franks last blog post..iPhone Officially Distributed In China?

  • http://deleted sassinfras

    regulatory failure is the reason for this . and who took away these regulations ,cause they were there at one stage. thats the question you should be answering .

  • http://flapsblog.com Flap

    If you watched the video you would then have the answer to your rhetorical question.

  • http://deleted sassinfras

    this video didn’t answer my question. it is a video design to discredit obama[not convincing either] and it left alot out. selective journalism ,the same thing happened when rumsfield selected only certain evidence to make his case to attack iraq. the answer is every US leader since carter has been into deregulations, but none more than the conservatives and republicans [free market advocate who's mantra is deregulation]. leaving the market to self regulate opened it up to abuse. basically ‘friedman economics’ has finally been exposed for what it really accomplishes- greed and corruption with the rich getting richer ,the poor getting poorer and the middle class getting sqeezed and victimized.

  • http://flapsblog.com Flap

    What didn’t it explain?

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