CNN: Credit Crisis for Dummies and why the banker bailouts can never work

[rollingrock]

Run time: 14:36 https://www.youtube.com/watch?v=_ZAlj2gu0eM   Posted on YouTube: October 28, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: March 15, 2009 By DU Member: rollingrock Views on DU: 1271

 
Interview with Rick Sanchez. The guest says the sensible solution is to let the dinosaur zombie banks die out once and for all. Quit throwing away good money after bad. The TARP money would be better put to use creating a new financial/banking system in place that is free of the toxic mess created by the big banks. I say fire that Tim Geithner hack and put this guy in charge.

[FreakinDJ]

1. Remember when Freetards compared Iraq War to Parenting Skills

"Now if a child fails to listen you punish him" and a 1000 other variations of that theme overly simplifing the situtation and never once admitting the truth

They Credited the "Securitized Mortgage Dirivitives" as "Assets" you fucking Moron.

Loans in ANY shape, form or "New and Improved Hype" are RISK plain and simple.

What a Fucking Reagenomics / De-Regulation Apologist Moron

[rollingrock]

2. Have you had your meds today?

wtf?

[FreakinDJ]

3. The Guy is a Corporatist Shill - plain and simple

Trying to delude the fact Deregulation caused the mess

Remember 1 thing - Risk by any other name is still RISK

That and the video is a couple of months old - What is the point in re-hashing some corporate apologist shilling for Wall St.

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[Trav72]

5. Sal Khan is a teacher. He is not a shill

I watched his class on youtube to learn about how the financial industry has mess things up. He is actually exposing the deep corruption of the financial by explaining what is going on easy-to-understand terms that the average person can understand.


Watch his class on the Credit Crisis -

Use this link to watch the entire series with the "play next" feature enabled:

http://www.youtube.com/watch?v=8IR5LefXVPY&feature=PlayList&p=945E4F0ED131E4D1&index=0&playnext=1

OR use this link if you don't want to use "play next":

http://www.youtube.com/view_play_list?p=945E4F0ED131E4D1

Here is his official website (to get his background):

http://www.khanacademy.org

....by the way I am new Hi Everybody:hi:

[rollingrock]

9. Thank you

nice to meet you, btw.

I agree. Sal Khan is a really good instructor who explains things in a way average people can understand. When he is critical of something he always explains the reason for it. It has nothing to do with liking or disliking Obama, for godsake. For myself I like many things Obama has done but other things I don't. And like the majority of Americans and posters here I don't care for these Wall Street bailouts at all.

[Name removed]

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[graegoyle]

8. Disregard FreakinDJ until he can relax.

Here's an example of how Sal Khan explains things well: Lone Star Bails out Merrill Lynch

Check out more of his videos about the financial industry and the stock market. It is very simplified but it seems very good. Most of his stuff is presented without any ideological tint. He points out how the bailout is likely to fail and points out that the reason why it is even being implemented is to help the people who have made political contributions to those in Congress:

Bailout part 14: the Plutzsky Plan
Bailout art 15: the Plutzsky Plan

I think if anyone wants to learn about the bailout situation, they should check out Sal Khan's channel on YouTube, his account name is "Khanacademy".

[rollingrock]

10. Great links

thanks