The Root Cause of the Financial Crisis... In Ten Minutes or Less
Burning Down The House: What Caused Our Economic Crisis?
This clip from Youtube is about the most clear, direct, and concise explanation I've seen to date that details exactly what has led to the financial meltdown we've been witnessing over the past several years, leading up to the point we find ourselves in right now, requiring the federal government to step in and infuse $700 Billion of our money into the system to salvage our economy.
What has led to this huge crisis has been the continued going-along that has been done in Congress, incrementally getting away from conservative principals of free-market capitalism.
Until Congress creates a package that addresses the underlying problems and causes that have actually led to this mess we're in and gets our nation back to those pure, conservative ideals of free-market capitalism and lessened government involvment and experimentation within the process that we had in place before we witnessed this avalanche, we need to continue to be in opposition to any further attempts by the federal government to taking over such vast control of our financial sector!
Until Congress decides to show us that they are serious about getting back to our conservative roots financially with any futher package they may propose to us, please go to our 'Demand REAL Solutions!' campaign page and send a fax to Congress telling them to demand accountability, to immediately cease from using our financial sector as a vast liberal social experiment, and to strongly oppose giving away billions of our tax dollars to bailout Wall Street.