Still on the financial Crisis

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I am really getting confused about who really caused this mess
watch this video


and this one


Wilson

P.s I do not endorse any of the videos
  • Profile picture of the author myob
    The FBI has opened an investigation for criminal prosecution and indictment at the highest levels of government and Wall Street. Heads will roll because of this, and many will make fortunes. Hope you enjoy the show.
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    • Profile picture of the author HeySal
      Kewl - It's about damned time. I wish for you that you are one who will make fortunes rather than one which faces prosecution.
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      Sal
      When the Roads and Paths end, learn to guide yourself through the wilderness
      Beyond the Path

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      • Profile picture of the author myob
        Originally Posted by HeySal View Post

        Kewl - It's about damned time. I wish for you that you are one who will make fortunes rather than one which faces prosecution.
        Hey, my hands are clean. All I do is pick up the crumbs left behind by the criminals. Making money from downturns has been a family tradition since 1929. There was a bit of a dry spell from 1970-1987. (We missed the one in 1973). But we picked up our family tradition in the 1987 crash, S & L scandal, the 2000 dot com bubble burst, (missed the drop in 2001 terrorist attack - caught us offguard) but picked up again in the 2007 recession, 2008 financial con game, and there will be another crash in 2011, and again in 2018.

        There's going to be some pretty good pickins around here for the next year or 18 months in stocks and real estate as I have said before. Get your money now and let the law get the scoundrels. There will always be criminals and crumbs to pick up after. You can take that to the bank, and it doesn't even matter which bank anymore.

        That's ALL I know about it.
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        • Profile picture of the author Jeremy123
          How will a boom be created again and then a bust by 2011,
          there are too many dollars floating around.
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          • Profile picture of the author myob
            Originally Posted by Jeremy123 View Post

            How will a boom be created again and then a bust by 2011,
            there are too many dollars floating around.
            You are right, there are a LOT of dollars waiting out there. In my most humble opinion (I don't get humbled very often), there will be a large influx of investments after the election. Major players of investors are holding back to see who gets elected, because this will determine the industries that will benefit the most.

            After a couple years of stock market gyrations it will crash again, most likely because of a disaffected political climate. The losing party in the presidential election will lead to the crash in 2011. We saw this happen in 2000, and a taste of the same in 2004. People who understand this pattern always make the big bucks.
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  • Profile picture of the author Patrician
    Thanks Wilson - that just about says it all, doesn't it!?

    Other than Barney Franks and Henry Paulson would make such cute cellies.

    Let's all elect them as prisoners of the year!
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  • Profile picture of the author TimPhelan
    Originally Posted by Wilson Agbeyegbe View Post

    I am really getting confused about who really caused this mess
    watch this video
    Wilson, both those videos are slanted IMO. There's another thread regarding the second video where I explain why I think it's totally ridiculous.

    http://www.warriorforum.com/off-topi...ic-crisis.html

    I also posted another thread that shows there are other reasons for the crisis. Bigger reasons that the CRA:

    http://www.warriorforum.com/off-topi...on-market.html

    Regarding the first video you posted, the Democrats in that video did not see the problem coming. Yes, that's right. I, a Democrat, admit Dems were partially to blame. Two points though. First, the Republicans were in control of the Congress and the Presidency. That was four years ago. They could have done something if the really wanted. Second, there were plenty of Republicans who didn't see this crisis coming back then and even as recently as this year.

    You can make something look very slanted by editing several hours of cspan. Did you notice how it was the black Dems ( except for Frank ) against the white Repubs in the first video? This wasn't an accident.

    There's plenty of blame to go around on this, but don't believe for one minute that is was only the Dems fault. Especially Obama's fault. That's just scary dumb to think so.
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    • Profile picture of the author Jeremy123
      I only recently learned about credit default swaps, 55 trillion market, amazing.
      Isn't it also caused by bad sub-prime lending And then they package
      those mortgages and sell them to investors.

      I've come to realize recently the financial industry twists and turns,
      and packages, mixes and matches, all the different securities in order to
      make a profit.

      Most people don't know I think that when they have a mortgage, the bank can
      sell it to an investor, the people should know that this goes on, maybe it is just me,
      but I didn't know this until my real estate agent mentioned this.
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  • Profile picture of the author valerieSONORA
    Well some people are just trying to get by that they don't anything to invest with in the bad economy even if it is the best time to invest.
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    siggy taking a break...

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    • Profile picture of the author myob
      Originally Posted by annoyedgirl View Post

      Well some people are just trying to get by that they don't anything to invest with in the bad economy even if it is the best time to invest.
      annoyedgirl,

      See my sig and join my affiliate programs. I'll get you some serious "pin" money for your investment portfolio. You joined the Warriors to make money right? Check out some of the other opportunities and WSOs on the top floor of this forum.

      Patricia, you are losing out by being so negative. If I was in your position as moderator, I would be making a killing with all these poor people.
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  • Profile picture of the author Patrician
    Right but when the government tells the banks they are REQUIRED to do something, then they do it. I am sure they don't mind when it is also to their benefit.

    Twists and turns you bet your *** all leading to a conflict of interest on several different levels.

    The most obscene part is the amount of their commissions. THAT IS WHAT is inflating the cost of everything. The recipients are the very ones that create the regulations in many cases.

    They should absolutely not be able to play in the game that they are controlling or regulating. period.

    Make a sacrifice if you want to serve your country, otherwise get a real job.
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