Not bad. Sometimes it's hard to sit through these things.

I liked the line: "selling hot potatoes with a time bomb."

One missing point, I thought, was a scam in over-inflating the value of houses to begin with.

Scam two: adjustable rate mortgages and no reasonable limits on predatory lending.

Scam three: deregulation that allowed for excessive leverage. That what the Big Lesson I thought we were suppose to have learned from the Depression.

Scam four: A lifestyle of excessive luxury based on making money off of the paper value of paper. (rather than true production of anything).

Scam five: anonymous banking. Irresponsible loans. The re-selling of loans.

No accountability is a problem ...

Not bad. Sometimes it's hard to sit through these things.

I liked the line: "selling hot potatoes with a time bomb."

One missing point, I thought, was a scam in over-inflating the value of houses to begin with.

Scam two: adjustable rate mortgages and no reasonable limits on predatory lending.

Scam three: deregulation that allowed for excessive leverage. That what the Big Lesson I thought we were suppose to have learned from the Depression.

Scam four: A lifestyle of excessive luxury based on making money off of the paper value of paper. (rather than true production of anything).

Scam five: anonymous banking. Irresponsible loans. The re-selling of loans.

No accountability is a problem too. White collar criminals rarely end up in jail.

There might even be other flaws in policies like short-selling, which is betting on something to fail.

At one time in history the Church considering charging interest a sin (and maybe Islam, too?). Of course that seems foolish now; but it should be clear now that people in this business are far from saints.