What started the government bailout for our current economic crisis?
August 17th, 2010 | by admin |Cynde F asked:
I’d like to learn how we got to the point of our government bailing out Wall Street. Can someone guide me to ‘Government Bailout 101′? I know it had to do with Freddie Mac and Fannie Mae but I’d like to go further back and get an elementary explanation of capitalism and markets and how it evolved to our current economic crisis. I know I’m asking alot but there must be something online that gives the history with explanations.
Tankless Hot Water Heaters
I’d like to learn how we got to the point of our government bailing out Wall Street. Can someone guide me to ‘Government Bailout 101′? I know it had to do with Freddie Mac and Fannie Mae but I’d like to go further back and get an elementary explanation of capitalism and markets and how it evolved to our current economic crisis. I know I’m asking alot but there must be something online that gives the history with explanations.
Tankless Hot Water Heaters
No Responses to “What started the government bailout for our current economic crisis?”
By AzeriBoy on Aug 17, 2010 | Reply
Fannie May and Freddie Mac
Let’s give mortgages to people who can’t afford them-Carter
Deregulising and corruption-Clinton
Barney Frank supports that mortgages should be given to those who can’t afford them-Clinton
Failed deregulation and Wall Street abusing-Clinton/Bush
As everything, it all leads back to Carter.
By Jim on Aug 20, 2010 | Reply
email your congressmen to vote no on this corrupt power and money grabbing bailout…
this is the biggest scam i think I have ever seen.
if this bailout gets railroaded through congress, kiss the dollar goodbye. 700 billion dollars printed out of thin air dumped into our economy will cause $50 milk by next year.
More money to by limited goods equals same limited goods costing a lot more money….simple super inflation.
By springofexpression on Aug 23, 2010 | Reply
So glad you asked!
I couldn’t find an informative short work describing how the economy works online, but there is a book length work available that provides just what you’re looking for “an elementary explanation of capitalism and markets and how it evolved to our current economic crisis.” (see link below.)
The book details the early history of Unites States money. If you skip the introduction, and start on the first chapter, it won’t take you long to see the same patterns that exist today.
The book is called “A History of Banking and Money in the United States: The Colonial Era to World War II” by Murray N. Rothbard, in case the link doesn’t work.