This video is an insightful look into the causes of our current economic crisis, which has its roots in policy developed 13 years ago.
Burning Down The House: What Caused Our Economic Crisis? V2
(statement posted at UK-YouTube)
THIS VIDEO IS “FAIR USE” COMMENTARY OF A NEWSWORTHY RESEARCH VALUE. IT IS PURELY NON-COMMERCIAL FREE SPEECH. STANDARD COPYRIGHT LAW DOES NOT APPLY.
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UPDATE: This is back up now in US:
We have two versions now….not going to delete this til we’ve had time to compare:
From the UK comments:
This video and analysis are spot-on. Fannie and Freddie were willing to snatch up any sub-prime mortgage that the lenders could sell. The fact is that Fannie and Freddie *created* the market for subprime loans that were sold by many lenders. The lenders knew that if they sold the bad mortgages that they could transfer them successfully 100% of the time. What fool wouldn’t go for that business deal? It was free money, with Fannie and Freddie taking on all the risk.
Read more and great comments from people who found the video when it was re-posted . In the UK of all places! Read American Thinker here>>