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Video-o-rama: The unfolding financial crisis

Prieur du Plessis (November 13th, 2008) Writes:

A batch of interesting video clips about the election of Barack Obama and the unfolding financial crisis has appeared over the past few days as all and sundry are attempting to make sense of a rather murky picture. A number of clips that have attracted my attention are shared below.

Firstly, back to basics with a rudimentary explanation by Enspire of how the mortgage crisis came about. (Click here in case you missed Enspire’s previous video, “Understanding the financial crisis”.)

Enspire Learning: The mortgage banking meltdown

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Is The Bailout Broken?

Sean Brodrick (September 26th, 2008) Writes:
Apparently, House Republicans are in open revolt against the Wall Street bailout plan put forth by the White House and Treasury Secretary Henry Paulson. Part of it may have to do with all the changes that the Democrats made to the plan to make it palatable to their constituents, like allocating 20% of profits made by the US Treasury on the deal to a program to help low-income folks keep their homes.As the AP reports ... A White House summit meeting on Thursday meant to shore up John McCain's shaky campaign "devolved into a contentious shouting match." And that's how McCain's own campaign described it.The meeting revealed that President Bush's $700 billion bid to combat the worst financial crisis in decades had been suddenly sidetracked by fellow Republicans in the House, who refused to embrace a plan that appeared close to acceptance by the Senate and ...

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