Chapter
Speculations on the 2008 Financial Crisis
34:51 - 37:30 (02:39)
The 2008 financial crisis may have been caused by the Bush administration's deregulation efforts that gave banks what they wanted, leading to the housing market crash. Some are predicting another crash due to the high percentage of the population with very low levels of savings.
Clips
The Koch Brothers diversified from fuel refining to every imaginable kind of petrol product and by 2006, Koch Industries made $90 billion per year in profit compared to $70 million in 1960.
34:51 - 36:06 (01:15)
Summary
The Koch Brothers diversified from fuel refining to every imaginable kind of petrol product and by 2006, Koch Industries made $90 billion per year in profit compared to $70 million in 1960. They were great businessmen who were consistent with their anti-war, anti-US interventionist libertarian ideology.
ChapterSpeculations on the 2008 Financial Crisis
EpisodePart Two: Charles Koch: The Luke Skywalker of Rich People
PodcastBehind the Bastards
Speculation around the housing market reportedly led the Bush Brothers of HGTV's "Property Brothers" to exit their real estate businesses and expand into home decor; the speculation stems from many people predicting a big housing market crash.
36:06 - 37:30 (01:23)
Summary
Speculation around the housing market reportedly led the Bush Brothers of HGTV's "Property Brothers" to exit their real estate businesses and expand into home decor; the speculation stems from many people predicting a big housing market crash.