Young Turks: Paulson Told Wall Street Fannie & Freddie Bailouts Coming

[CherylK]

Run time: 04:58 https://www.youtube.com/watch?v=HcwdQ-3_ueA   Posted on YouTube: November 30, 2011 By YouTube Member: TheYoungTurks Views on YouTube: 16024   Posted on DU: December 02, 2011 By DU Member: CherylK Views on DU: 1203

 
Former Treasury Secretary Henry Paulson hedge fund managers Fannie Mae and Freddie Mac would be bailed out in secret meetings. The Young Turks host Cenk Uygur explains the implications.

Source: http://www.bloomberg.com/news/2011-11-29/how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html

Subscribe to The Young Turks: http://bit.ly/eWuu5i

[libodem]

1. If this doesn't piss you off

You weren't paying attention.

[onwardsand upwards]

2. If you're pissed off, then ACT!

People in the USA already have a democratic structure in place, which still has the power to fix these problems.

But you have to USE IT!

As time clicks by, those with private power are, slowly but surely, dismantling the structure of public power.

They prefer the structure of corporations, which are purely authoritarian.

Organize public meetings in your community, and force your elected officials to answer to their communities -- instead of their parties and their private sponsors.

[AtheistCrusader]

3. The government is manipulating the markets left right and center.

Individuals and corporations (aside from central banks) would be PROSECUTED for doing what the central banks and our government are engaged in. It is overt market manipulation. Racketeering on a grand scale. Conspiracy. Fraud.

But the band plays on.

[JJW]

4. What really was happening....

is that they stole everyone's pensions.

[libodem]

5. And our home

Equities.