PETER SCHIFF'S "Why the Meltdown Should Have Surprised No One" 3/17/2009

[peaceandlove]

Peter Schiff at Austrian Scholars Conference

Posted by minnesotachris on 03/17/09 Campaign for Liberty

Peter Schiff's fantastic speech at the Mises Institute's 2009 Austrian Scholars Conference entitled, "Why the Meltdown Should Have Surprised No One":

Informative and entertaining, including lots of chuckles. :wink2:

Video (1:16:26): http://www.campaignforliberty.com/blog.php?view=13512&cpg=1#comments

OPTION: http://blog.mises.org/archives/009620.asp
If you want to download the whole thing in higher quality, you may do so here:
DOWNLOAD http://mises.org/multimedia/video/ASC2009/ASC09_Schiff.wmv

[Dantheman62]

Ha if everybody would've listened to him there would'nt have been any surprises!

[Myplanet2]

Peter's brilliant. It's so nice to hear someone who really understands what's what.

Thanks for the link.

[Soulmate7]

I watched it last night. This is brilliant stuff and very entertaining.

[judykott]

http://img210.imageshack.us/img210/9140/invasionofthebodysnatch.jpg (http://www.imagehosting.com/)

Some things do not change

Invasion of the corporate body snatchers

In this cartoon, Herb Block anticipated the super-giant, super-mergers that came later. In the 1980s, the deregulation of banking in the United States allowed financiers to use unprecedented and risky tactics. Financial innovations such as junk bonds encouraged corporate mergers, leveraged buyouts, and hostile takeovers at a phenomenal rate. By April 1985, the failure of many savings and loan institutions cost U.S. taxpayers hundreds of billions of dollars. It was described by former Attorney General Dick Thornburgh as the biggest white collar scandal in history. Herb Block says, "It was swept under a very large rug."

Invasion of the corporate body snatchers, April 21, 1985