The Evil Doers of the Financial Crisis

Many folks are asking what the hell is going on, how did we get here and who is responsible?

The Washington post has named names on what and who are responsible for this disaster.

The issue at hand was regulation of the derivatives market and Brooksley E. Born wanted to regulate it. This is 1998, the Clinton administration.

It seems Federal Reserve Chairman Alan Greenspan, Treasury Secretary Robert E. Rubin and Securities and Exchange Commission Chairman Arthur Levitt Jr. didn't want any regulation on the growing shadow banking system called derivatives.

Lobbyists Surround the Hill - Demand Their Bail Out

While faxes, emails and outrage clog Congress's communication system, lobbyists are swarming the hill with unfettered access.

The U.S. Chamber of Commerce threatens Congress with retribution if they do not pass their bail out.

the U.S. Chamber of Commerce launched 30-second radio ads in the Washington area aimed directly at lawmakers

Peter DeFazio describes one Lobbyist from Morgan Stanley just threw out a funding solution used in the past by claiming Wall Street Wouldn't Like It.

Friday Movie Night - It's all about the Money

hot buttered popcorn

It's Friday Night! Party Time!

Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This weeks video clip theme is Corruption and Conventions, brought to you by Corporate Lobbyists (and now a word from our sponsors):

ABC News aptly called this spectacle Lobbyists Gone Wild: