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20/20 - Politically Incorrect Guide To Politics - Pt. 2 of 6



Uploaded by: wisted
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Originally aired on Friday, October 17, 2008 @ 9pm CST. This broadcast was sourced from an ABC affiliate in Chicago, IL.
Apparently, there were affiliates that refused to carry this one-hour special. If anyone has information about this, please let me know.


Tags for this video: 20/20 2020 John McCain Obama Paul Peter Ron Schiff Stossel

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Comments for this video on YouTube
Your economics are ... ( 1 month ago by 17Spartacus76)
Your economics are backwards. Mortgage-backed securities failed because they depended on the revenue streams generated by the mortgages themselves. A failure in the secondary market (the securities) wouldn't necessarily collapse the primary market (the mortgages). However a failure in the primary market will ALWAYS collapse the secondary one.
Too bad you don't ... ( 1 month ago by 17Spartacus76)
Too bad you don't have a source for that BS. Liars like yourself have destroyed America.
get the fuck out ... ( 1 month ago by Hmarkas)
get the fuck out then
Yes and much more ... ( 1 month ago by jpbalkenende)
Yes and much more bullshit in it. Jesus this Stossel is a moron.
An analysis of Home ... ( 1 month ago by jpbalkenende)
An analysis of Home Mortgage Disclosure Act (HMDA) data in the country's 15 biggest metro areas found that 84.3 percent of the high-cost loans made in 06 were originated by non-CRA lenders—including 83 percent of high-cost loans to low- and moderate-income individuals. The Federal Reserve notes that, across the country, non-CRA lenders were twice as likely as CRA lenders to issue subprime loans to vulnerable borrowers.
Furthermore, the ... ( 1 month ago by jpbalkenende)
Furthermore, the Fed also reports that responsible mortgages made by CRA lenders have about the same low rate of foreclosure as other traditional mortgages.
there are some ... ( 1 month ago by cumminsturbofan101)
there are some things government should be in charge of; national security, the war in iraq ect but really this just goes to show you what happens when the government gets control of something that was doing fine before they stepped in. If you give them an inch they become a ruler
We need some truly ... ( 1 month ago by kuza01)
We need some truly educational people who will follow the Constitution to get into Washington. The clowns we have now arent going to change shit. Dem or Rep doesnt matter.
lol, "The Fed" ... ( 1 month ago by KaiserFaust)
lol, "The Fed" reports. Please, like the Fed is going to admit that the CRA was a bad idea. Government never admits it's fuck-ups.
DURRR! ( 1 month ago by jpbalkenende)
DURRR!
Private industry ... ( 1 month ago by Mrhuh)
Private industry did a whole lot more to help during the Hurricane Katrina fiasco.
Every taxpayer ... ( 1 month ago by jlzimmerman)
Every taxpayer should watch these six segments.
Excrepts from from ... ( 4 weeks ago by j95lee)
Excrepts from from an Idb editorial, read more from their site -
"Nearly 4 in 10 subprime loans between 2004 and 2007 were made by CRA-covered banks such as Washington Mutual and IndyMac. And that doesn't include loans made by subprime lenders owned by banks, which were in effect covered by the CRA."
"What's more, the biggest subprime lender, Countrywide, while not subject to the law, still came under federal pressure to make risky loans in minority communities."
Walter Williams is ... ( 3 weeks ago by dudemanbearpig)
Walter Williams is the man
Take power away ... ( 3 weeks ago by snowtrot)
Take power away from private bankers and politicians. The middle class needs to be reinstated.
Thank you for ... ( 3 weeks ago by snowtrot)
Thank you for posting these. Good series.
Again, extremely ... ( 2 weeks ago by MEpianist)
Again, extremely facile commentary from Mr Stossel, the real reason for loose lending was the securitization of American mortgages by Wall Street I-Banks. This documentary is already grating as a rant.
Array ( 2 weeks ago by 88elliot)
comment me back
energetic fun smart and loves this video mi
we need people to ... ( 2 weeks ago by thelumberjackjohn)
we need people to start thinking for themselfs
"Government is not ... ( 2 weeks ago by kusari86)
"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master."
- George Washington
its funny how ... ( 1 week ago by ceaseyoxoogurl)
its funny how people probably watch this video and think john stossel is crazy...this is common sense
american accents ... ( 1 week ago by musclesmanhood)
american accents are so annoying
What do they say at ... ( 1 week ago by odDymarkow)
What do they say at 1:16 (rsponsible home buyers and ... banks?) and 3:49 (Cummings ... Maryland)?
This is a great ... ( 54 minutes ago by thinkingrationally)
This is a great special! Finally someone has the guts to say that government is largely the problem-not the solution. LET FREE MARKETS WORK!! Anyone who thinks that the free market was what got us into this mess obviously didn't watch this special or has a fundamental misunderstanding of how our economy works.



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