Hulu - Fox News Specials: Saving Our Economy: What'$ Next?

Saving Our Economy: What'$ Next?

Fox News Specials

Special|44:14|

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It's the economic crisis of the century; our entire nation is at risk. Who's to blame and how do we fix it? FOX Business anchor David Asman hosts an in-depth investigation into how we got here. Hide Description

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© 2008 FOX News Channel

Clips (37)

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List of Clips (37)

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Season:Episode	Title		Type	Runtime	Air Date	User Rating	Queue
-	Two Trillion with a T		Special	42:45	03/22/2009
-	On the Road in Iraq with Our Troops a...		Special	45:30	01/10/2009
-	Escape From Hamas		Special	45:21	01/03/2009
-	Pay to Play: The Chicago Way?		Special	41:35	12/13/2008
-	Saving Our Economy: What'$ Next?		Special	44:14	10/05/2008
-	Porked: Earmarks for Profit		Special	40:46	05/31/2008
-	American Commander: General David Pet...		Special	39:01	04/13/2008
-	Jihad, USA: Homegrown Terror		Special	39:50	03/29/2008
-	William F. Buckley: Right From The Start		Special	39:34	03/01/2008
-	George W. Bush: Fighting To The Finish		Full Episode	43:07	02/02/2008
-	Facing Reality: Choice		Special	43:00	10/27/2007
-	Dick Cheney: No Retreat		Special	40:55	10/13/2007
-	Iran: The Ticking Bomb		Special	39:57	09/29/2007
-	Victory or Retreat? The Surge and Pol...		Special	40:59	08/11/2007
-	Final Delivery: The Pizza Bomber Mystery		Special	42:27	07/14/2007

2 months ago

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I mean... banks just loan money to people who can't pay it back (or probably forced to do so due to the law or whatever) so people will just buy homes way out of their league and then default it when they can't pay it. I mean in Asia you can't even get a loan unless you demonstrate that you intend to pay it back and have the ability to pay it back (usually proof of income and stuff) but the recent credit card thing made it too easy to get loans. The average American gets into huge debts by the time they finish collage (financial aids) then gets a nice house, car, plasma TV, and what have you and the debt just grows and grows, and they wonder why loan default rate just keeps getting higher and higher.

This is one of the biggest reason why I rather not go into debt if I don't have to.

6 months ago

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Don't be distracted by the Acorn stuff. Certainly, the Acorn connection is only a small part of the whole mess. But who would want to tell someone they "don't qualify for a loan?" Who would want to be so JUDGMENTAL!

Especially when the "smartest guys in the room" had figured out how to slice and dice the mortgages to distribute the risk WITHOUT being judgmental. What a "wonderful" invention: NO FAULT LOANS! ...just like "no fault" auto insurance, the idea was that once the risk was sufficiently broadly distributed, then no one had to be actually held responsible if they later discovered they couldn't keep up with the payments.

Once no-money-down loans were created, instead of simply being used to provide homes to the poor, SPECULATORS came in and bought homes with little or no intent to actually LIVE in the home... they were in there just to treat the home as an investment, assured by the "ever rising" prices on homes.

AND THEN IT REALLY GETS INTERESTING... Be sure to listen closely to Professor Wright's lecture on the economic underpinnings and the "invention" of Credit Default Swaps supposedly "insuring" the mortgage-backed securities.

We now realize that MASSIVE numbers of speculators took advantage of this system, bringing in massive sums of money from overseas investors, let alone all the "rich and powerful" in this country... the entire world economy was pulled down when the REAL risks were made known.

Watch the whole thing! LOTS of mistakes made, not all by "bad" guys... on ALL sides... Clearly.... there are NO "experts" on Wall Street or in Congress, or in European banks or governments, or universities, or advising the world's richest investors.... were expert enough to see this coming. Reminds me of the CIA and their "slam dunk" certainty about Iraq's WMDs.... Are there ANY experts we can trust anymore?

7 months ago

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I wish there were a less bias report on this...how much info are they leaving out....msnbc and fox are not places to find the truth.

8 months ago

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Wow! When I first read your post, I thought I would watch the video in the link you posted and then tell you why you are wrong, but you were absolutely right! Peter Schiff knows his stuff. Everyone should watch the youtube video you posted See 1 other reply

8 months ago

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What a completely inaccurate report. This special is a complete mockery of the public's intelligence. Blame ACORN (a minuscule and completely unimportant organization) for one of the biggest financial screw ups in American history? I laughed so hard my stomach hurt.

Watch "Nov 2006 Peter Schiff Mortgage Bankers Speech Part 5 of 8" on YouTube to actually learn why this happened (http://www.youtube.com/watch?v=MoSwkCog-Ro&feature=PlayList&p=02C71D0CDFF9F38B&index=4). I can't believe people still take Fox News seriously. What pandering to the RNC! See 1 other reply

8 months ago

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Video:Biased & Weak

Unfortunately, I think that the goal and priority of this report had more of a political agenda, than that of explaining what is happening with the economy. I was mislead by the title, but after viewing this video it is very clear, Saving Our Economy: What'$ Next? hmmm... I guess I am brainwashed into thinking now that John McCain is the one who could save us. Just by looking at the other discussion thread on this video, this appears to be the sole source of information for many of those who watched this, that is scary. Fox should just change it's slogan. Just fess up and I would give you more credit.

This report was so incomplete, that it did not even mention the role of the Bond Insurers. That was HUGE. Every time they wrapped the mortgage securities, they would be upgraded due to the guarantee the bond insurer. Then again, when attempting to go into the details of the structure of these securities, they were too "complicated". Come on, I have heard that so many times on television. It may be too complicated for the reporter perhaps, but do the research and present it to the american public. I do not think it is that complicated, but few sources provide the information under that veil. I do like that it this report attempted to explain what happened, and did gather many facts to build a case.

On the actual substance of the report about the major factors that lead to the economic fall, I think it was lacking. It focused so much on Fannie Mae and Freddie Mac, which remember they did mention that they were playing with the numbers. So were the businesses that were buying the securities. So were the mortgage brokers and real estate agents who had an interest in higher commissions. And the buyers of the property who could not afford the home on the belief that the price would go up as they had seen it happen for the other home owners up to that time. There was plenty of blame to go all around, something this big has many, many points of failure. See 2 other replies

8 months ago

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I had to watch it to believe it, it was amazing. I try to be open minded and not coccoon myself into just watching 'liberal' media, but this Fox broadcast was absolutely ridiculous in it's anti-Obama bias, starting only about five minutes in. See 2 other replies

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