An interesting perspective on the financial crisis from MarketSkeptics.com. I knew that Freddie and Fannie had invented securitization of mortgages, but this goes into much greater depth about how government, not the free market, created the financial, um, "innovations" that led to the 2008 meltdown. Links to all sources used in the video can be accessed here.
Government (not Wall Street) Financial Innovation Caused 2008 Financial Crisis
An interesting perspective on the financial crisis from MarketSkeptics.com.
by Jeremy R. Hammond
Aug 10, 2012
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About Jeremy R. Hammond
I’m an independent journalist exposing the state propaganda that manufactures public consent for criminal government policies.
My work examines US foreign policy, market interventionism, and so-called "public health" policy through one consistent lens: an uncompromising application of the non-aggression principle that transcends the narrow linear spectrum of "left" vs. "right".
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