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Thursday, October 02, 2008

Burning Down The House: What Caused Our Economic Crisis?

ARRA News Service - H/T the Mouth Piece: 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.

Tags: ACORN, Barack Obama, documentary, Economic, Financial crisis, grassroots, illegal immigrants, John Mccain, mortgage-backed, mortgages, news, securities, sub-prime To share the post, click on "Post Link." Please mention / link to Blogs for Borders. Thanks!


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