WakeupsCall (November 30, 1999 at 12:00 am)

"What led to the financial crisis"? Freely available credit. Decades of it. You know, where you don't have to bust your ass to buy anything; you can just buy it on credit. The U.S. as a country did it (buy borrowing from every other country), and the U.S. citizen did it (by borrowing from their banks). Guess what happens at the end of greed? Bye-bye America!

rambo753 (November 30, 1999 at 12:00 am)

it is dictatorship of finance, not fascism. at least fascists were not puppets of bankers and people knew who was in charge.

rambo753 (November 30, 1999 at 12:00 am)

of course I am sorry for the common american people, who are not responsible. but that system is ill and unjust and has no other fate but to collapse.

rambo753 (November 30, 1999 at 12:00 am)

i am waiting for the US to collapse. this is the only good thing in this mess. the entire world is waiting for it.

iamserious00 (November 30, 1999 at 12:00 am)

And you might be wondering "Well, that always happened..." Yes, but this time, in a larger proportion. All this led to a huge loss of money to the banks, and what led to the crisis was that huge businesses went bankrupd, because banks wouldn't loan money to them, because they didn't had any.

iamserious00 (November 30, 1999 at 12:00 am)

I have a simpler explanation for this. See, people borrowed money from banks to buy property, but then, they couldn't afford to pay back the money, so, the banks got their properties. BUT, the problem was, the properties had less value, and even if the bank sold their houses again, they would still lose money, because the houses were cheaper. The people that would buy the property, would pay less for it, and the bank wouldn't get the money from their first loan back.

OgeronimonominoregO (November 30, 1999 at 12:00 am)

Yeah, it's fascism actually. The merger of big gov't and big business. Socialism would actually redistribute. This does the opposite. Both are wrong, but redistribution would actually correct much of the problem caused by the Fed in creating this depression. Their easy money created the speculative boom, and the bust hurts the poor and middle class while the ultra-rich have their bad debts paid for them. And most of the Dems just lined up to vote yes!! Isn't that amazing? Pure evil.

OgeronimonominoregO (November 30, 1999 at 12:00 am)

Peter Schiff and Ron Paul and others predicted this YEARS AGO. Associated Press! Who owns you creeps? Let me guess. Yeah, it was all lack of regulation and bad loans. Don't ever talk about the REAL ROOT CAUSE. Don't talk about where all this "money" comes from in the first place! Liars! Yes, let's regulate! REGULATE THE FED! Let them open up their books and let them be investigated. Private money monopoly - and every idiot is talking about bad loans! Ha! How they must laugh at the sheep!

bankruptfeller (November 30, 1999 at 12:00 am)

Predicted crisis in 2007, and over 1.5 mil views ? watch?v=zORv8wwiadQ It stunned me!

sallee5 (November 30, 1999 at 12:00 am)

I do not trust Paulson and Bush is wrong. Notice Pelosi and the other thugs are all for this, because they are knee deep in Fannie Mae. The CEO of Fannie Mae, Johnson was on Obama's VP search team, but the media is hiding that fact. How come AP left that out of this story?