11 minutes you need to watch "What Caused Our Economic Crisis?"

[InDaShop]

http://www.youtube.com/watch?v=1RZVw3no2A4

This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.

 

[Mr. Underkill]

Boortz has been talking about this recently. Something was said that Sen. Barney Franks boy friend was a exec at Freddie or Fanny. I can't remember which.