Explaining the Foreclosure Crisis

This video has been making the rounds and it deserves it. With over 91,000 views thus far it is a rational explanation of why we are in the mess we’re in.  The beauty of the explanation, in no small part, is that it is short and to the point.  No fancy spin.  The only downside is that the explanation of the outright fraud being committed by our financial services industry is being delivered by a politician.

Too bad.

If this were some well respected economist or other neutral figure it would carry a lot more weight.  It deserves to be listened to and it’s only 7 minutes and 49 seconds.

Here’s the deal: Tea Partiers and other people screaming for the government to get off our backs may be right up to a point but this foreclosure mess is what happens when the fox is guarding the hen house.  Or worse, when no one is guarding the hen house and the foxes have full and unlimited run of the place.

I keep saying that the Tea Partiers are directing their anger at the wrong people.  The politicians are only doing what their financial masters are telling them to do.  When they get uppity and think they can really create some change the people with the money — elected by no one — bankroll “political movements” to move new puppets into places of supposed power.

But I digress.

Watch this video.  It’s worth it.