What is really behind the financial crisis?
Let me just say right off the batt that I am a supporter of John McCain and Sarah Palin for President. This is my soapbox and I plan to use it.
Most people are in the dark about what actually has caused the financial meltdown we’ve been seeing in the last few months. I too do not fully understand all that has occurred to bring us to where we are today. I have done some research into the topic and I have done my best to be non-partisan in that research.
That said, I was sent a video that gives a good summary of many of the things I found in my research. Both sides of our government are trying to blame each other for the events going on and in this election cycle the stakes are critical. At the core of what you will watch are some policies that were made with good intentions but the full consequences were not quite understood or anticipated.
Our government wanted all Americans to have a chance at owning a home. To create this opportunity legislation was passed that in essence forced banks into giving our risky loans (call it a financial affirmative action)…and so it begins.
Try to ignore the fact that the author of this is a McCain support and just look at the facts that are presented. As always, check sources, confirm facts, and be smart. Don’t believe at all that your hear.
