Marchello Posted September 10, 2011 Report Share Posted September 10, 2011 Overdose: The Next Financial Crisis The storm that would rock the world, began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. The Market even coined a term, NINA loans: "No Income, No Assets, No Problem!" Enter FannieMae and FreddieMac, privately owned, government sponsored. "Want that vacation? Wanna buy some new clothes? Use your house as a piggie bank!" Why earn money to pay for your home when you can make money just living in it? With the government covering all losses, you'd have been a fool not to borrow. Have you taken out a mortgage, invested capital or bought shares? If you have, likelihood is you lost out in the latest bust. Governments promised decisive action, the biggest financial stimulus packages in history, gargantuan bailouts: but what crazed logic is this, propping up debt with...more debt? This documentary brings an entirely fresh voice to the hottest topic of today. Overdose - The Next Financial Crisis 1/3 http://www.youtube.com/watch?v=m6FNYvC4uyM Overdose - The Next Financial Crisis 2/3 http://www.youtube.com/watch?v=9Jlt9lHVS8E&feature=related Overdose - The Next Financial Crisis 3/3 http://www.youtube.com/watch?v=_17ck3Vti8A&feature=related Or full video stream 45 minutes.. you tube http://www.youtube.com/watch?v=4ECi6WJpbzE Good trading wishes Torres96, darter, gelan2000 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
gelan2000 Posted September 11, 2011 Report Share Posted September 11, 2011 very important share many thanks ,, Marchello 1 Quote Link to comment Share on other sites More sharing options...
Torres96 Posted September 11, 2011 Report Share Posted September 11, 2011 Couldnt believe in the way government handle the crisis. It's just a vigorous cycle Quote Link to comment Share on other sites More sharing options...
hermanhess Posted September 11, 2011 Report Share Posted September 11, 2011 vicious cycle Torres96 1 Quote Link to comment Share on other sites More sharing options...
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