Must watch!
On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.).
PBS Frontline Special: Inside the Financial Meltdown
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2 comments:
A absolute hack job against free markets. Zero analysis about massive government intervention years ago through Freddy and Fannie that erased "moral hazard" long before the obvious part of the failures. To have Chris Dodd and Barney Frank giving lectures as if they were not neck deep in this themselves is sickening. This program crucified Paulson (which I am ok with) yet also crucified his economic bent which he did not follow AT ALL! Sheesh. Sorry but this was a politically motivated hack job. Let's be free thinkers and rail against both of the hyper-corrupt parties. The Founding Fathers knew that government with too much power is the real enemy. Let's listen to them!!!
-Iconoclast
Excellent comments Iconoclast and I wholeheartedly concur!
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