Below is a neat, well produced video explaining how banks and other institutions played with houses to make money and wrecked the financial system
http://vimeo.com/moogaloop.swf?clip_id=3261363&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1
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That's a very impressive video!
Thanks for sharing.
How about this video: a movie from the eighties predicting the collapse of the dollar mixed with contemporary news flashes, excellent movie!
http://www.youtube.com/watch?v=iQ-IPb8AOZE
Really good video. Finally understood it when I saw those boxes cut in three.
Thanks
Cool video. I loved the production. BUT, understanding how this crisis unfolded isn't really helping anybody avoid either financial crisis or corrupt practices in the future.
Financial crises come in so many shapes and flavors. It becomes essential for us to look at the underlying problems that make crises like this possible to begin with. Otherwise, we cannot steer clear of them in the future, nor introduce accountability to those who are truly responsible.
We have to return to a system that uses honest currency that cannot be manipulated... a system that allows lenders to live (and MORE IMPORTANTLY DIE) according to their own ability to assess risk and make wise decisions... a system that kills the fractional reserve banking system... a system that NEVER, EVER bails out private industry with tax dollars... a system that prohibits close associations between banks & politicians
So, we now understand this particular crisis, but are we ANY more prepared to avoid the next one? Not even a little bit.