Who says C-span is boring. I flipping love it!
Monkeys I tell ya. Monkeys.
Why wasn't this debate going on years ago, when it could have done some good?
Memo to DC: It's too late. Let the market correct. And try to make sure it doesn't happen again.
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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7 comments:
Great video. Thanks!
I've become a huge fan of Spencer Bachus.
What is so unbelievable is that despite all the lobbyists and people in congress who speak in opposition, and all the signed petitions and thought provoking letters that have been delivered, and all the news stories trumpeting the overwhelming disapproval of these bailouts, they will still occur...
Stop it Keith you're insulting monkeys again!
Wow - and then the democrat control house and senate vote for a housing flipper bailout.
Quick - let us support Obama - he will fix this!!!!
"Quick - let us support Obama - he will fix this!!!!"
But I hope you don't think McCain will!
The problem is all the Congress hears is from supposed "knowledgeable" people from the FED and Wall Street who all apparently don't know jack.
Seems like Rep. Spencer Bachus from Alabama has a pretty firm grasp of what's going on in the mortgage business. Too bad we don't have more like him.
Years ago, when I was a kid, I worked and was going to college in Washington, DC.
I was surprised to find out that my and other DC apartment buildings were owned by senators and congressmen as investments.
They used front groups such as management or holding companies to shield them and these assests were very lucrative, sort after and were easily sold once the the owners were voted out of left the DC area.
Once we college kids learned this, we used to joke about who had the best congressional Slumlords.
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