The Seeds of The Financial Crisis

If you are interested in knowing more about what policies might have contributed to the great financial crises, which began in mid-2006, you will be interested in watching the accompanying two videos.

This video is an excerpt from a longer YouTube video in which Godfrey Bloom discusses some of the problems which led to the financial crisis. This excerpt deals primarily with the Community Reinvestment Act and its role in weakening bank lending standards and credit 'due diligence'. If you are interested in watching the complete discussion key words search for "Godfrey Bloom The Big Sub-Prime Gamble" on YouTube.

Also, in the context of the Community Reinvestment Act's role in the financial crisis, you might want to watch, "Bill Clinton: Laying the Foundation for The House of Cards" - which is a video-clip from PBS NewsHour interview conducted shortly after Clinton was elected to his second presidential term (So, at the time of this interview Clinton had four more years to push The Community Reinvestment Act).

Other Resources:
(1) A Bibliography The Role of the Government Sponsored Enterprises and Federal Housing Policy in The Financial Crisis, at:
(2) Peter Wallison, Why I dissented from the Majority Report of The Financial Crisis Inquiry Commission, at: