Points covered in video:
Paulson and Bernanke either incompetent or lying
Wrong every time they open their mouths
Washington a place where they aren't accountable for being right or wrong
People not credit worthy in many cases bought several houses with no money down
Banks started doing the same with car loans, credit cards and student loans
With those excesses, something will have to give and get cleaned up, government won't allow the cleanup
Don't need more regulations, have enough
Regulated companies causing problem
Alan Greenspan has said derivatives are good
If Greenspan had let people fail in the 1990s, we wouldn't be going through problems we are today
Incompetent would have been gone
He wouldn't let them fail then, as they're not letting them fail today
So incompetent will remain
Refused to let free market work and intervened by not allowing them to fail
Greenspan was vastly overrated - part of the problem
Bernanke doesn't understand markets or finance
People must be held accountable by allowing them to fail
Have to be allowed to learn from mistakes, not be propped up in spite of them
Part One Part Two Part Three Part Four Part Five
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