Etiquetas

, , , , ,

I attach you an interesting videos reporting about 1929 stock market crash. I want to compare both financial crisis, 1929 and 2008.

crisis 1929

Fist documental (1929) has 5 parts and all of these are in youtube.

The second one has 6 parts and all of these are in youtube too.

Learn how Washington hired financial policy makers Greenspan, Paulson, Rubin, Summers, Bernanke to deliberately destroy regulations that protected the United States for 78 years from financial exploitation – and a potential new crisis. The only benefactors are a handful policy makers on top – not you or me, or the average trader, banker, or Wall Street worker.

The mortgage fiasco (toxic assets) is the direct effect of political policies pressed forth by President Bill Clinton and George Bush, which forced banks to lend to low income lenders banks previously had rejected. Topple that with George Bush’s toxic and massive spending, equal to the expense budget of 43 presidents, and the country had nowhere to go but towards a financial disaster.