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A Reminder of Conservative Reaction to warnings of housing and economic crisis

When Peter Schiff went on network news in 2006-07 warning them of the housing bubble bursting and resulting economic crisis of the ricky practices and loans that banks and wallstreet were doing, the people talking with him openly scoffed, laughed, mocked him, especially on Fox (beginning at 2:32). He also accurately predicted the problems of the auto industry.

Been Stein is a great one to watch here considering his smug assertions about how great the financial companies' own unquestioned forecasts were.

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Added: Jul-28-2010 
By: Nurb
In:
News
Tags: Peter, Schiff, finiancial, housing, bubble, economic, crisis, collapse, 2008, bailouts, auto, industry, wallstreet, banks
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