RP4REVO (December 31, 1969 at 4:59 pm)

If you want to watch a documentary that explains exactly how screwed we are, watch ZEITGEIST 2011. You can skip the first 30 minutes or so, that part explains how the human brain has been manipulated to being dumb and purchasing like crazy with dumb materialistic items and how our society isnt healthy for our well-being. Past the first quarter will explain the pyramid scheme that we call our monetary system

Preds7thMan (December 31, 1969 at 4:59 pm)

You forgot about the pressure from the Federal government to make these bad loans in the first place

hmol257 (December 31, 1969 at 4:59 pm)

very well done, very well done. I really wish my AP Econ teacher had known about this video, considering that he thought the haiku-form explanation my friends and I made for class was brilliant. >.< It's hard learning economics from someone terrified of the very word derivative. But even this he could have followed well, for its remarkable clarity. :) Of course Hank left out some things, but it is capped at 4 minutes long. Let's be fair to the man, here.

GotHerTittyInARinger (December 31, 1969 at 4:59 pm)

WOW...and this was broadcast from his room in the State funded MENTAL Hospital

KyoSohmaLuver1106 (December 31, 1969 at 4:59 pm)

I learned more about the economy in the 4 minutes and 1 second it took me to watch this video than I ever do in my 50 minute economics class....AWKWARD TURTLE!!!!!

rawrrar3 (December 31, 1969 at 4:59 pm)

if this was just a financial video you woulda lost my attention. but with the different people and voices and hats. woot :D

starcorpvncj (December 31, 1969 at 4:59 pm)

Yes, all this is true enough. But the bad mortgages are simply a SYMPTOM of the problem of the Crisis. A short term cause is the US Housing Collapse. Remember, the Crisis is worldwide, not confined to the US. Bigger causes are long term and include over production, speculation on the stock market, a waste of resources in the blind support of Israeli land grabbing, support of war mongers like Dick Chaney and Rumsfeld, and low wages. See 'Global Financial Crises: Causes and Effects by Zip Zagon'

polivo0111 (December 31, 1969 at 4:59 pm)

all true.. however, the actual SOURCE of the problem.. was the massive bank deregulations. Which allowed them to do all types of creative things.. which eventually led to this meltdown. NOT. poor people wanting houses. Poor people have always wanted houses, however.. 30 years ago, the bank held the loan, therefore they would NOT loan the money if they KNEW they were NOT going to get it back. duhh

CharmedSlayerr (December 31, 1969 at 4:59 pm)

When Hank wears a baseball cap he looks like a documentarian.

PirateFrodoCullen (December 31, 1969 at 4:59 pm)

The phone makes tetris noises xD (or at least that's what it sounded like at first to me lol)