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The Magic Cafe Forum Index » » Not very magical, still... » » Falling on your fannie mae (0 Likes) Printer Friendly Version

MAKMagic
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OK...I know there is a political message at the end of it, I ask you to try to forget that part and look at the referenced facts regarding Fannie and Freddie debacle. Politics aside, this is a very informative video.

http://www.youtube.com/TheMouthPeace
.:Michael Kelley
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balducci
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No time to watch it right now, but maybe later.

Tell me, though, does the video address the series of post-9/11 interest rate cuts that were largely responsible for creating and dramatically inflating the housing bubble?

If not, it is hard to believe that it is a very credible video.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
MAKMagic
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Quote:
On 2008-09-26 11:27, balducci wrote:
No time to watch it right now, but maybe later.

Tell me, though, does the video address the series of post-9/11 interest rate cuts that were largely responsible for creating and dramatically inflating the housing bubble?

If not, it is hard to believe that it is a very credible video.


Actually I believe it specifically discusses that about 6(ish, don't quote me on the time) minutes into it.

Again, I am not agenda driven with this video. It was passed to me and I found it to be very informative.
.:Michael Kelley
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Scott Cram
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I like the video. However, here is a more direct link to it:

http://www.youtube.com/watch?v=H5tZc8oH--o

On a somewhat related note, can anyone name the 10 safest banks in 2008?
balducci
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Quote:
On 2008-09-26 17:29, Scott Cram wrote:

On a somewhat related note, can anyone name the 10 safest banks in 2008?

The news below is a little closer to home; go Canada Smile

http://www.reuters.com/article/ousiv/idUSTRE4981X220081009

CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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