Real-life story of "The Big Short"; 2020's economic emergency; Jerome Powell in 2020 | Full Episodes

[@MaximilianFischer497]

Three years ago, nobody could have foreseen the current state of the U.S. economy. The U.S. continues to repeat the same mistakes that have led to the recent situation. As a result, there's no guarantee that the nation's future will be as bright as it's hoped to be.

[@RowanBryson]

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@MarshalWagner457]

I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.

[@TicheDebb0]

Could you kindly elaborate on the advisor's background and qualifications?

[@MarshalWagner457]

My CFA, “Diana Casteel Lynch” is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@TicheDebb0]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@navegandolejanooriente6268]

Micheal Lewis should do a book on how politicians are getting rich on stock trades.

[@user-qr7ee2cp4y]

We know how they're getting rich, we need to know why we aren't voting them out?

[@Mudskippered]

why -- does michael hate his life?

[@navegandolejanooriente6268]

@@Mudskippered good point

[@costak7679]

@@user-qr7ee2cp4y because the other side has been voting against the bad orange man every time since 2016.

[@stevegannon9419]

That’s easy do whatever they want and pay a $200 fine

[@100perdido]

So Goldman got AIG to insure billions in MBS which bankrupted the company then the Secretary of the Treasury, Hank Paulson, who was a past CEO of Goldman bailed out AIG so Goldman could collect. Why are these people not in jail?

[@tugboat2030]

And yet, according to Michael Lewis, nooooobody at the banks knew what they were doing. Right.

[@tjakkobosma5872]

It isn’t that simple, if aig would have gone bankrupt the whole world economy would have a long recession

[@blakebortles6098]

untouchable

[@Nikolaitretii]

A couple of days ago, Zelensky said that Russia mined the reactors of the Zaporozhye nuclear power plant and wants to blow it up. But at that time there were representatives of the International Atomic Energy Agency. They conducted an inspection and the next day they reported that there were no mines and that Russian troops did not store ammunition and explosives inside the nuclear power plant. But the leadership of Ukraine stubbornly declares that Russia has mined and is about to commit a terrorist attack at the station. I am very afraid that the Ukrainian leadership in the coming days may take such actions and decide on a massive bombardment of a nuclear power plant using Storm Shadow missiles installed and tested on Ukrainian Air Force aircraft, as well as using M142 HIMARS. Although the Russian army has learned to easily intercept missiles from the M142 HIMARS, as well as the Storm Shadow, but using a combined attack they can break through the Russian shield, because even the iron dome of Israel cannot withstand a massive combined attack. During the hostilities in Ukraine since 2022, it became clear that the Ukrainian leadership and Ukrainian troops could launch any inhuman attack. They killed their own fellow citizens in Bucha and hit "Point U" at the station in Kramatorsk, into a crowd of refugees, hits on a bus station in people who tried to leave Zaporozhye for Vasilyevka, Zaporozhye region (controlled by the Russian Federation). Undermining the dams of the Kyiv region. And undermining the Kakhovskaya HPP. To blame Russia for these attacks. But the problem is that the military and officials initially publish in their networks how they shat Russia and then erase their records and blame the Russian Federation for everything. And also the United States transferred nuclear waste to Ukraine to create dirty bombs and stored in the Odessa region. So I hope the publication of this material will be able to create a resonance so that Zelensky's bloody regime does not repeat the Chernobyl tragedy. They are crazy and will stop at nothing for money.!!!!!

[@Research0digo]

Same reason Heinrich Kissinger has lived to 100, safe in his lower Manhattan home in the sky. 'Pol Pot' only died in 1989.

[@romaparte]

It's wild to be watching this in 2024.

[@nikolajnielsen9106]

what do you mean?

[@Proranis]

@@nikolajnielsen9106 he means nothing changed

[@AhFuhgettaboutit]

I don't know if its "wild", that's a bit of a stretch.

[@markteague8889]

@@Proranis It's really no different from a family with children. If you don't punish bad behavior to discourage it, then the bad actors will not only continue with the bad behavior they will escalate to even greater levels and new forms of bad behavior.

[@MarioALopez-yn1sn]

@@Proranis I wouldn’t necessarily say that nothing has changed. I mean for one we definitely are in a better place now than we were in March or April 2020. The virus is gone unemployment has decreased and the job market has certainly strengthened. However, I will say that a lot of Americans are still hurting due to the large stimulus that Congress passed. Because now we’re facing high inflation and it’s difficult for people to buy homes right now especially in the large metropolitan areas. Sometimes wonder if we injected too much money into the economy. I know certainly there were lots of people, who were in some sense undeserving of these checks while others suffered more. However, in retrospect of all this, I will say that it certainly did not take 10 years for the US economy to recover much like the 2008 financial crisis.

[@squ1dTr1cksandclouds]

"If you pay someone to not see the truth, they will not see the truth." And this is the new American dream, or nightmare.

[@Erin-rg3dw]

Sad this applies to many areas, not just finance.

[@Dan16673]

​@@Erin-rg3dwincentives are incentives

[@Trace-l7k]

@@Erin-rg3dwstarts around 60k a year. That’s enough for some to be blind.

[@porterosbournejr.5083]

Rating agencies, that we used to think were above reproach, really let the country down. They should’ve been arrested.

[@mb9326]

They were being pressured to falsify the ratings so the banks wouldn't contract the work to other agencies.

[@Angry_Indian24]

Indirectly they control the flow of money and future of companies too. So nobody will try to put hands on them. If any company tried they will rate them C. That affects the reputation of business eventually the stock price and company may go bankrupt too.

[@Trace-l7k]

@@Angry_Indian24all the more reason to go after them. Light of day laws are needed.

[@G0DIS1]

​@@Angry_Indian24 then some others should and would take their place

[@vivigesso3756]

This is why we need President Trump back. He would never let this happen.

[@USMC-0311]

I didn’t get any help at all from any financial institutions let alone any institution. I lost my job, my savings, my health, my home and other necessities. No one was there for my family. Hell of a struggle and I wasn’t alone.

[@victorblock3421]

If you have a family, you should be helping each other. It comes down to how you choose to live. I know too many people in all walks of life. I lived my life that way since about age 35 when I had a personal awakening. I paid cash for everything. I didn't want a mortgage or high taxes so I moved into a smaller home in a lower property tax jurisdiction. I'm different than 4 of my 5 siblings in that way. I lived tight, paid off my house, driving cheap old cars. That will get you nowhere in 5 years, but in 25 years it will. I'm not pretending to know or understand your situation, or that I'm any bit smarter, but I know my culture doesn't agree with too many, many who laughed at my frugality, but now they face a horrible future as they enter senior years. To me, the govt and basically anyone outside my domain, cannot be trusted. My only worry now is my health and that's the big deal. I hope you are well. Remember that no one will ever be there for you except some close family members. For me, it's my mom and maybe one of my sisters. That's it. For the rest, I've always been there for them but it wasn't reciprocated unfortunately.

[@AlvaSudden]

Instead of bailing out the banks, they should have put the money directly into the middle class. Would have been more efficient, besides being more fair.

[@jtjones4081]

Millions of young folks who actually qualified for loans on the overpriced homes they bought in 2006-2008 also went broke. They unsuspectingly bought at the peak of the fraud. Once the collapse happened, their homes were worth 1/2 what they paid and they would have been Dumb to continue paying the monthly astronomical mortgage payments for a home worth so little. They got crushed, just when they were starting their lives.

[@p.o.4339]

The "Rescue" was to tax the middle class, give the money to those who created the crisis, allow them to spend most of that money on themselves, AND do nothing to prevent them from doing it again with new financial gimmicks. Thanks a lot.

[@Trace-l7k]

BRICS will bring the karma

[@redbeard6669]

I'll say one thing, the general working populous is getting poorer because of governmental problems induced by greedy corporations, who have big money investors, that work to shape policies to save them more money though tax loopholes, international outsourcing, and allowing the poorer populous absorb the costs of the price of labor, materials, or research and development of a project even if it fails. Investors who do none of the actual work in a company but are catered to, at the risk at the most of us, to show profits. No hit to their bottom line big hit to all our pockets. So, I don't care if you're skin tone/color is different from mine, I don't care what gender you love, I don't care if you have a faith in religion or not. We need to fight for all of us from becoming, essentially over a period of time, "renters of everything, owners of nothing" and possibly even slaves to the rich

[@williamwilson6499]

Populace not populous.

[@redbeard6669]

@williamwilson6499 Thank you for the correction, and I apologize. I have never done really well with spelling, and sometimes spellchecker doesn't catch everything.

[@triprovoked508]

Millionaire parasites living of those that contribute to society. They have destroyed this country. Corporately owned and operated. murika 😮‍💨

[@chrismichaels6928]

Right on the money ! No pun intended

[@AlvaSudden]

It's the banks, not the government. Or should I say, the banks who pretty much own the government.

[@Aarrenrhonda3]

The looming recession and the Fed's rhetoric of raising interest rates have investors extremely concerned. I'm not sure what to do with my $600,000 portfolio yet. because we may not enter a recession, and even if the Fed is hawkish, interest rates may not be raised further.

[@Olsontim21]

Everyone is uneasy due to the continuous wars in the Middle East. To get assistance with your portfolio, you ought to speak with an FA.

[@Dantursi1]

True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far

[@Derekhoffman312]

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.

[@Dantursi1]

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Derekhoffman312]

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

[@bsetdays6784]

In spite of how everyone is frig-htened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The own-ership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second qua-rter of 2020, it dropped from 68 to 65.

[@roddywoods8130]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@kaylawood9053]

How can I reach this adv-iser of yours? because I'm seeking for a more effective invest-ment approach on my savings

[@roddywoods8130]

I personally work with ‘ELEANOR ANNETTE ECKHAUS’’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@selenajack2036]

Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful. Found her website and it was really impressive

[@Shrek2onDVD69]

I will cerainly check out this fake financial advisor so that I too can be scammed out of my life savings! Thank you youtube reply bots!

[@douglashughes2331]

I think to say that Barry "suffers from Asperger's" it totally wrong headed. It is his Asperger's that allows him to do what he does and see what he sees. Just because he is different we cant just label it as an affliction. I wish I was afflicted in a way that would make me so super human

[@JimSmith-ct6in]

It's what people love to do

[@JNJNRobin1337]

as someone with aspergers, just hope its the kind that benefits you

[@swampserpent2467]

I am a disabled veteran. I had no investments back in 2020, I have no investments now. My income is through my va pension only. That being said, watching these interviews back, and seeing the inflation and interest rates rise as they have now, its easy to see what happens when the Federal Banks have "infinite money" to push into the system and now to see the repercussions. Sad thing is they new this would happen but really had no choice to keep the economy alive back in 2020-

[@leonardonetagamer]

Ohhhh no, the government had a choice, if the banks weren't bailed out, we'd have resolved the downfall by now, AND hopefully we'd have quit trusting banks to hold our money.

[@Scorch428]

Buy bitcoin. Opt out of our rigged monetary system.

[@skycatlive1576]

Ive been in the lower class for most of my life and i went looking for a for a comment like yours. thank you

[@Fourtwentysixtynine1]

Just so everyone knows, it’s not over. Shorts still need to close

[@triprovoked508]

💯 wait for it . . .

[@DonOfRealEstate]

This is one of the best interviews ive ever seen 👍

[@jaysnowden2]

I worked for a public company. He’s so right about compensation, greed and the corruption that it seemingly always creates.

[@kryptonarie6367]

It all comes down to the government's money, it always goes to those who already have the majority of the country’s wealth, and not to the small businesses and ect., who need the money the most to survive large economic crisis.

[@Donkor640]

Taxpayers are funding the Wallstreet Casino risks.

[@davidbryant3532]

The government does not have money. That is OUR money

[@rustyshackle917]

The government picks winners and losers. The system is designed to protect capital at the expense of the taxpayer. There is no free market. Corruption reigns.

[@mercenarywings6700]

Subprime losses are one thing, but overall, $5 trillion in pension money, real estate, 401ks, and bonds disappeared. 8 million people lost their jobs. 6 million people lost their homes. This is just in the U.S.A.

[@Trace-l7k]

It’s not finished yet. BRICS is karma.

[@wilmabrock6401]

The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more, Its high time one stops relying on the govt with their daily built up stories to deceive the crowd. like haven't they done enough..

[@GeorgiaMoore.]

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely….

[@Lincoln191]

That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..💡

[@FrederickBlein]

Thanks so much by the way for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

[@SofiaAnsari-wb7gn]

[@Shrek2onDVD69]

Can I also get John to scam me out of my life savings? Thanks reply bots!

[@jaydewitte2958]

The taxpayer's should sue the big banks that benefited off of all of us who lost their homes in 2008,09,10. This is so disgusting to know they made billions off of all of us that lost everything. 😔

[@David-wc5zl]

60 Minutes will do even they can to stop that! "It's just bad apples and we need finance industry ad money anyways."

[@Scorch428]

Money is a zero sum game. For someone to make money, someone HAS to lose money. Thats by design. I encourage people to really research and understand what money is.

[@waterandafter]

There's a Frontline video on why that didn't happen.

[@AlvaSudden]

Instead of bailing out the banks, they should have put the money directly into the middle class. Would have been more efficient.

[@historychannel365]

Seriously, excellent interview!

[@marthacousins]

Michel - please write a book on Corp Greed and plight of workers. Best best best seller.

[@nogreaterlove77777ApostleTAP]

Excellent Interview seriously!

[@emantabrizi8218]

In almost every other industry, if you're negligent in your duties, you get fired or go to prison. On Wall Street... you get to retire with millions in the bank.

[@MD-pz3cn]

Wall Street had nothing to do with this. Supply chain shutdowns and government approval to support businesses both small and large, and increase unemployment benefits AND the child tax credit AND giving people $1400 did. Wall Street just responded to what Washington thought was best...which obviously didn't work out. Supply chain shutdowns = less product. Less product + more demand (from everyone having more disposable income) = higher prices. Now those inflated prices are staying sticky because businesses have to adjust their costs based on higher costs from their own supply chains (due to supply still not meeting demand), meaning those higher costs need to get passed down to customers, else the businesses can't operate with a profit. Use your head a bit. Anyone who supported lockdowns and in turn the slowing of economic engines deserves what they wanted, because they were fear mongered over things.

[@cyclonejunior]

Interesting to see how things were predicted and how things actually turned out

[@rolandorivera5469]

You will need a honest politician to make changes.. is so sad. But see they just don't care it doesn't matter who is in office.

[@noway9880]

Excellent.

[@donaldharlan3981]

Please repeat this episode on broadcast.

[@jeffolej7801]

Great Video. Too many ads though

[@dwood2010]

Now we have record inflation. The average person's wages have nominally fallen by $5,000 annually. Home and vehicle prices are at all time highs along with interest rates being at their highest in decades.

[@BongoSeason]

These bots are wild.

[@Travis_LTE]

Wtf is going on???

[@mahamedabdi4616]

AI. This will surely go out of control.

[@blakebortles6098]

@@Travis_LTE the end is unfolding daily

[@ronaldo19832]

This was in 2010… today in 2023 the greed of these corporate leeches has reached a new level that those CEO and c suites Execs would be ashamed of…

[@Phukchina]

So sorry for him and Tabitha losing their beautiful daughter a few years ago. That pain will never go away.

[@TheSateef]

i shared a cabin with Michael on Jim Clark's boat, Hyperion, when he wrote the New new thing. I was in charge of Seascape, we did the software for Jim's boat

[@Jetan90]

I fail to comprehend the relevance of the reference to his eye in the context of their discussion....

[@Eschubable]

I suspect their aim was to suggest theres irony in a guy with one eye who saw more foul play at hand than anyone on wall street.

[@neilcowmeadow6488]

Great work!

[@Research0digo]

Remember how everybody wailed when Chrysler asked the Gov for a loan for retooling & etc? Unlike free money given to Israel every year, Chrysler paid back every cent. (Israel has yet to call the USA their ally.)

[@jyellowhammer]

I couldn’t agree more! This is the first time I have read a comment that was in step with my outlook. Israel, a nation no larger than the State of Rhode Island, receives 1/3rd of ALL U.S. foreign aid. Fact! Why? Also, why people don’t know about that is a mystery.

[@peachsangria8704]

"Is the Fed going to just print money?" "That's literally what Congress has told us to do...."

[@susanrosegale6646]

Looking back, I recall my professor saying this was criminal activity and he wondered who would be held accountable.....no one. They were too rich, the .01 % who control the currency machine. Like a few here have pointed out, the correction if not done to the few - it will be to the many - currency collapse of USD$. Another bailout by the people.

[@AutomotiveAnatomy]

I hope people understand that this is not a Trump or Biden thing. Government is greedy regardless of the party they represent. I hope you are doing good in your personal life.

[@David-wc5zl]

Literally a story About private industry greed. You are so lost in Conservative anti-democracy hate.

[@Dan16673]

​@@David-wc5zlthe banks and gov are one fyi also, the government is insane but you dont care cause they just create more credit to mask it. Over and over.

[@JimSmith-ct6in]

I will get one

[@williamsdavis.]

Working with a financial advisor who has worked in a solid financial firm for a long time, such as John Desmond Heppolette, will actually set you up for success in life. I'm delighted I was able to reach out to him earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.

[@linsey.]

Yeah for real, John D. Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..

[@Barbara0015]

I’m impressed by John Desmond Heppolette, professionalism and expertise in financial planning. He took the time to understand my financial goals and provided personalized recommendations that have proven to be successful, with this guide I make monthly returns from investing in assets and mutual funds..

[@Campbell957]

Indeed he really seem to know this stuff. I found his online-page when made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..

[@deenibeeniable]

Gee that sounded so authentic, Mr. Heppolette.

[@yesmaam4258]

@@deenibeeniable right... sounds more like Mr. Hemorrhoid.

[@suzannemiller594]

I saw it coming and was able to lock in my mortgage to a fixed rate. I probably couldn’t have ever afforded a home in a tight credit market but I still have my house today. Another housing crisis is on the horizon.

[@Riggsnic_co]

Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@bob.weaver72]

It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.

[@martingiavarini]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@TheJackCain-84]

Impressive can you share more info?

[@martingiavarini]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@TheJackCain-84]

thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@user-wt6zf4ek9k]

I'm wondering if folks who lived through the 2008 crash had it easier, because the current financial conditions are driving me insane. This month, my portfolio has lost more than $27,000. My profits are plummeting, and I don't see my retirement going well when I can't even raise my stagnating reserve.

[@ChadRoberts-x6i]

Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker..

[@laszlolee]

Personally, I'll suggest you create a diversification strategy because building a good financial portfolio has been more complex since Covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $150k under the guidance of my coach during this crash. she figured out defensive strategies to protect my portfolio and make profits from this roller coaster market.

[@trampolinemaster11]

I dont believe they had it easier because the government didnt intervene until the last second. Also, people were either losing their jobs a lot more and/or being able to keep their job but not receive pay for weeks to months on end.

[@bartdoo5757]

Buy low, sell high.

[@64MartinDiV]

algorythm trading. this is why there are huge swings in an instant. The run on the california banks causing the FDIC to come in? probably due to algorythms.

[@CrashBr0]

Wasn't just subprime that caused the crash. Subprime kicked it off, but investor speculation was the real culprit.

[@paulkormann1569]

Great Writer...Would Luv to hear his Views on Todays Markets...The Interest Rates Picture...Is More Intriguing today

[@dynamicdeltahedge]

I mean I understand that hindsight is 20:20, and the fed had to try to prevent a certain level of panic, but with the fed just coming out and saying it would print unlimited money, are we really shocked at the inflation situation we’re seeing now? Maybe they had to do it. Idk. But it’s clear that you have to pay the piper eventually.

[@justinbridgez]

them saying it almost or did help it happened, if i was wallstreeet and the all know one another id either pull money out amd say hey lloook need money...or just say we do. and even the public joined in.

[@alexgarcia6267]

It’s be so much better if the big banks failed. It would create more supply and competition. A perfect environment for the poor and middle class to grow.

[@Dan16673]

Would be horrible in short term. Much better in long term

[@brandonday2494]

I had no idea this dude married Tabitha Soren. Well glad to see she's doing alright, lol. Grew up watching her.

[@alleykeosheyan4779]

Great movie!

[@kennethsmith4956]

Nice informative video, thanks

[@empirecases4128]

It is refreshing when 60 minutes does a story that doesn't cover for the government or spread a narrative that is complete fiction designed to convince the public that the government is on the right side or doing justice rather than the opposite.

[@TenTonNuke]

Example?

[@Matt-ww9bb]

This is really interesting. Their learnings from 2008 was they were too slow and not enough. Now it shows 2020 was fast enough but too much

[@brianoleson5785]

we didnt cheat death in 2020 pt 2 of that crash is unfolding now it started in 2022 probably through 2027

[@frankrodriguezit]

So sad something like this could happen 🤦‍♂️ So many people lost everything during this time 😢

[@jon8107]

Why was the Chinese flag next to the American flag on that building at 9:53

[@Renee-zx2lo]

I was only ten when it happened but I remember people were losing homes left and right also they’re jobs gas was extremely high

[@taniagarciaduenas48]

Good evening America thank you so much 🙏🙏🗽🇨🇺❤️

[@waterandafter]

This Federal Reserve guy needs to explain why when they gave emergency lending to corporations the corporations didn't use the money to expand (as he said they would) but did stock buy backs and raised CEO wages instead.

[@UmitYucel-qc7yx]

Guys, Aaron Finch is now with 4RA 😍🔥 makes 4ra even more awesome.

[@selwynjsilk5379]

I’ve just finished ✅ watching the movie 🎥

[@andyroach420]

greed is off the hook.

[@kelliesue8089]

Af

[@sheilascanlon4928]

We've been set up for decades planned by those in charge wrecking this country for everyone but them. The culprits outnumber us in resources & power grabbing on the sly for so long it's good to expose crimes, injustice & the cruelty imposed upon the rest less advantaged they suckered by a govt asleep at the wheel.

[@rrubens3026]

This was excellent even tho infuriating

[@patriziacasagrande3833]

productivity ? on wall street? What's the product?

[@nerfwars3875]

peter schiff actually called it have him on

[@ELIOSANFELIU]

Good¡¡Thank you¡¡

[@anarchrevolution]

To the MOOOOOON 🚀🚀🚀

[@6shot9]

25:34 I like how he just has glasses all of a sudden

[@jasonbeatty831]

Kinda wish that the movie hadn’t portrayed these people as basically heroes.

[@redmustangredmustang]

A big reason why the inflation grew so fast was pumping in all that free money and keeping interest rates so low. There was going to be inflation and now with that infrastructure law, CHIPS act for semi conductors, and the inflation reduction act basically with these and government spending it will prevent another recession, but require the Fed to raise rates again. Without that government spending we be in a recession rate now if we were in any other year 20,30, even 40 years ago.

[@Steve-gc5nt]

It's worth remembering they pumped all that free money out because of their overreaction to that virus. Basically they just got it all wrong.

[@InVinoVeritas.]

And a great movie!!

[@ALEX-li4ox]

Im still flabergasted that we never hung those wallstreet execs on the same street they work on

[@nebulawatchers5280]

No body mentions the wondering eye? Never knew.

[@elnardowebster2842]

The Big Short is a 60 min. documentary that actually lasts 51.

[@mahamedabdi4616]

See the age of easy money. PBS Frontline. In the next 6 months we could enter the same period as in 1929.

[@everglades_n_co.]

the funny thing is the same story overlaps with today's market. it was real estate that triggered a chaos back in `08 because people believed residence never fails as an asset. the u.s bonds could be the next trigger to hit the economy because no one refutes that the u.s. bonds are the safest asset.

[@mikemixon3150]

Michael Lewis. I gotta get his next book.

[@grammar_shark]

Don't. It's awful.

[@tmack727]

So many bots

[@JNJNRobin1337]

wait this originally aired in 2010?

[@LouielamsonTranNguyen]

"Michael Lewis is an incredible writer. He has delved deep into the secretive underbelly of Wall Street, particularly with regards to the scandalous Subprime Mortgage Crisis."😂

[@johndaniel3878]

If you pay someone to not see the truth, they won’t see the truth…. That says it all, and we’re swimming in money, and the Truth is coming. I’ve been waiting a long time. Many more people see it too now that it’s at the door. And everyone thinks they’re innocent.

[@TravisTodd-hk1mj]

4stimulas checks a year for ten years for poverty

[@blakebortles6098]

the owners are going to crash everything back to the stone age if they have there way rip to the old world ,the old life

[@DT__1]

…atm’s are safe. Bank’s are safe. There is INFINITE AMOUNT OF MONEY IN FEDERAL RESERVE…. Maaaaan that sounded soooooo sexy 😂😂😂😂 I don’t have money for a peace of bread 🍞, and someone has INFINITE AMOUNT OF BREADS. Wooow!.😮😂

[@DT__1]

If it’s infinite why so many is starving STILL….

[@ВадимМулица-з6п]

Good

[@jovannidreamnation]

What a Divine Irony that the person who saw this coming is Californian and a Physician with only one good eye

[@TheWarzoneHackerIsBack]

The best thing the government could have done is not bail out the bank, but bail out the people.

[@jgg204]

Thank Alan Greenspan, Bill Clinton, and Ronald Reagan for all of this

[@TheSapphire51]

Rating agencies and regulatory bodies are a waste of space. Such skullduggery! Ordinary hard working people need to refuse to pay taxes until the authorities put a stop to this daylight robbery.

[@evelynramos445]

Who did they play?

[@josephanderson7237]

14 years ago

[@AlvitaLozanoCreativeMindatWork]

So why on earth can't we add conditions on bailout funds to corporations for bonuses and limit salary explicitly to CEOs who clearly are incompetent? 🤔

[@gretco1]

They're just a bunch of thieves

[@blakebortles6098]

since dec 23rd 1913

[@daineminton9687]

Conflicts of interest against the American people without recompense to the people.

[@theesteviefranchise458]

So, Alex P. Keaton became an author…good for him

[@jyellowhammer]

An infinite amount of cash he says. When the levee brakes have no place to go .

[@WadeJenkins-p9p]

Forgiveness same as student loan Forgiveness

[@patriziacasagrande3833]

why is Goldman sachs still in business after this racketeering fraudulent activity. ?

[@AlvaSudden]

It would have been better to bail out the mortgage holders who lost their homes, since so many had been hoodwinked into variable-rate mortgages.The banks actually "robo-signed" people into foreclosure, basically forging peoples' signatures. Instead of bailing out the banks, they should have put the money directly into the middle class.

[@neonnoir9692]

Not enough return compared to the big banks.

[@YoMamasCasa]

So is this a year or two old?

[@funbomb1102]

That weird guy from the treasury looks like an alien or a lizard guy