Meltdown (Compact Disc)

Description:

The conservative scholar and contrarian Thomas E. Woods examines the causes of the 2008-2009 mortgage crisis and economic meltdown, as he places the blame on Washington rather than on Wall Street. In Woods`s view, government interference caused the housing bubble, and he explains how Fannie Mae and the Community Redevelopment Act in particular destabilized the housing market. He explains why the Fed manipulates the nation`s economy, and he punctures what he says is one of the great myths--that government action brought the nation out of the Great Depression. Ultimately, he argues that we cannot rely on those who got us into the mess to get us out--so bailouts and other actions by the president or by Congress can only make things worse.

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