Dollar Collapse - America, A Country Living On IOU's - Peter Schiff -Part 1 - America Is Finished Video

Roleplay | Writing Forum | Viral news today | Music Theory
WhoArchaicRevivalx2012
Time6 min
Rating4.99/5
Views: 15350
Rated86
Peter Schiff explains how America is a consumer based economy. We are giving the world worthless paper to buy Plasma Television Sets and SUV's.
Freddie Fannie Mae Bailout.
Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
NEW YORK - A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials losing 500 points in their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.

The pullback, which erased about $700 billion in shareholder wealth, occurred across much of the globe as investors absorbed Lehman's bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for $50 billion in stock. While those companies' situations had reached some resolution, the market remained anxious about American International Group Inc., which is seeking funding to shore up its balance sheet. A faltering of the world's largest insurance company likely would have implications far beyond that of Lehman, already the largest U.S. bankruptcy in terms of assets.
Tags bailout, brothers, collapse, depression, dollar, fannie, freddie, great, holdings, inc, lehman, lynch, mae, merrill, peter, schiff

Best sites on the internet

Roleplay
Writing Forum
Viral news today
Music Theory

All videos here are rated over 4.7 stars with over 40 ratings, AWESOME.

Find MOAR!



Main

Home
Most Popular Searches
Rejected Keywords

Find MOAR!

About

These are all super high rated videos from youtube.

More of My Sites

Roleplay
Writing Forum
Viral news today
Music Theory