Three little people talking about really big things
Great video, but now sadly out of date. As of today, Helicopter Henry has given up on buying up the unwanted equipment. The dangers to the climbers was too immediate for that, so now he’s instead dropping care packages with food and medical supplies.
Could you provide a source for that? I'm having difficulty determining what you are referring to.
What I actually wanted to say is thank you for the link to this video! I’ve been trying to understand the crisis and now I think I’m beginning to comprehend. The three main causes that I’ve been able to pick up on are:(1) Lack of transparency. (2) Conflict of interest of institutions rating investments. (3) Excessive borrowing.It seems like the philosophy of the markets has been: “If you find yourself in a hole, keep digging; you might find oil.”
If you're looking for other information, this American Life, a free podcast, did a show in regards to the economy that explores the very roots of the problem we find ourselves in, and is very intelligent. The podcast is no longer available for free download, but i'll be posting a link to the episode on the front page, where you can listen to it through your browser for free.
thanks scott drouin i will do that for sure good to meet you PWN ON
You're more then welcome. Please keep posting, and make sure you tell me if you think I'm misrepresenting anything, or if you believe I'm not properly covering a subject.
scott,randy,or mr loudon what do you think of the current economic crisis in the united states? do you think the federal bailout will have any effect on their problems
At the moment I am unsure, I think a government buyout would have been better, with the government nationalizing portions of the banks, thereby gaining control and forcing them to lend, instead of giving them money and hoping it will occur. I promise to post more about this topic in the next few days.
hmm valid point
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