FRONTLINE investigates the causes of the worst economic crisis in 70 years

[Cash_thatswhatiwant]

Run time: 01:23 https://www.youtube.com/watch?v=BFqIUmcwfyc   Posted on YouTube: January 30, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 01, 2009 By DU Member: Cash_thatswhatiwant Views on DU: 2415

 

[krkaufman]

1. thanks for the heads-up. n/t

[Maineman]

2. What about this?

Three senior economists who work for the Federal Reserve Bank of Minneapolis claim that the current credit freeze crisis began as vastly overstated fear mongering very similar to the run up to the invasion of Iraq. Surely this is another case of criminality by the Bush-Cheney gang.

Link: http://www.afterdowningstreet.org/node/39461

[whistle]

4. That's correct the whole thing has been an engineered financial and economic crisis

...based on predatory capitalism where access to key database information was extremely limited and incomplete, fraudulent and even deceptive data was distributed to the masses of players.

[Jambalaya]

5. Big Brother Capitalism

Wasn't there a report last week that NSA was mining credit reports,along with recording domestic citizens'phone calls and e-mails?

And aren't people now being denied credit or having their credit lines reduced due to profiling their shopping habits?

BTW,the Pritzker family of Chicago,through their Marmon Group,own Transunion credit reporting agency.If you recall,Obama originally selected one of the Pritzkers,Penney,of Hyatt Hotel fame,as Commerce Secretary. She,however,demurred.

As an aside, the Walton Family and Goldman Sachs invested one billion in the Hyatt Chain in '07.

As a result,Rob Walton and Goldman Sach each have a chair on the Hyatt Board.

It's difficult to believe there would be a lack of access by the financial powers that be.

I am in agreement however,that it IS a form of economic "shock and awe"to control our behaviors.

[newmac]

3. The republicans will attempt to blame this entire crisis on:

You guessed it; Barney Frank. "If only that queer hadn't been helping people get housing loans"

Never mind the criminal crowd that's been if office for 8 years looting the store.

[Cash_thatswhatiwant]

6. you know it. lol

[JayMusgrove]

7. Well stated. Barney is an easy target because he's not a straight guy.

And the Bush criminals are not even in the sites of the Rethuglicans.

[cynthia]

8. I'll have to make time to watch this