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'Inherited This Catastrophe'

Title:

'Inherited This Catastrophe'

Published: Tue, 6 Oct 2009

Description: Part 2: Hannity, Moore debate previous administrations' roles in financial crisis

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Automatically Generated Transcript (may not be 100% accurate)

" Welcome back to Hannity here now is more of my exclusive video with filmmaker Michael war. If you have all these millions and you have a lot of -- an influential Hollywood. Seriously -- And you -- all these millions is the power out there what are you serious why -- you really think I'm an influential Hollywood guy yeah. Really you really believe that I I never put together move movies that net so you could -- yeah 300 I don't know. Some kind of strings up there and how well together -- those and there is this another conspiracy theory got to believe in the if you got 300 million dollars and instant ticket so I forgot that I do have. The ticket sale sign that's -- choice yes RC ER CB so yes they like you need your power -- I make them I mean you make money money. -- I would house yeah so here's my question. If you really believe this like she gave me on religion yeah and you have all this money. You have other rich influential friends that perhaps agree with you and you know -- capitalism. When I saw those people in your movie being evicted from and it I didn't like it either but we have a different view. What are you just take your money and and donate money used on an organization to help people in that situation actually for my -- I donate from my very for."

" Roger and me. I needed as part of my deal with Warner Bros. that before of people that reflected in that film. Com that Warner Bros. -- house would pay your mortgage or their rent for the next two years to give them a chance to get on their feet. In this movie the man from Peoria Illinois -- believed in his home stolen from -- my Citibank. I have -- retained an attorney for him and I'm paying for all of us -- going to court to get his home there for him. That's good stuff that's just need one person doing this work and how -- as people are watching this -- Through this is a foreclosure filing in this country -- it is seven and a half seconds I don't know if that's over exactly right no that's such that everything that we're -- Israeli position my millions of our people are losing their homes I agree millions of lost their jobs. You know this is this is we're -- really bad situation Obama has inherited this catastrophe."

" making it work as well Obama is and he -- you complain about the TARP funds in your movie he voted for you had on this is final I'm not give an Alter your house worshipping Obama for. -- shot and that's what -- If it that would -- against -- a second commandment OK but if somebody -- that I -- it's hard for anyone who knows what ultra do you have your house I don't I have a dollar bill Willis that Jesus. Ronald -- media like radio as well to do everything else but I don't -- candle -- night for Ronald -- her -- somebody if somebody buys a house they can't afford. All it if they what you think that's the problem yeah I don't really yet you think yeah you think. That this the greatest collapse that we can certainly since the Great Depression. -- Tim Geithner you -- after. In that -- I give a lot of props to you but you missed the different artwork for Democrats -- it wasn't that -- what I would probably -- would say they should let the -- after the various other problem -- just for a -- you like that what about the Republican sub prime mortgage crisis was caused by the community investment act first and -- Jimmy Carter and here's the point on the on the community investment act. They forced banks they 400 forced financial institutions by law. To lower their standards where people could not get mortgages for homes that they could not afford Michael. And people took the banks up on they took the money they bought homes so my question you if you buyer of home when you can't pay it back. Who should pay the bill. Well personal -- correctly said if if that actually if you believe that's the cause of them the ability to cost during the Carter administration. What in the crash happened beckoning cannot have a good game but is it out he started it it got double down -- the in the Clinton Years from the Republicans are on tape what happened during those twelve or Reagan bush years the amount explaining to cut the Republicans -- the -- including the -- morning. -- I have videotape they created the deregulation they got rid of the room that's not the popular to the rules and Clinton followed up and continued to get -- rules and then when bush the second came and he really smoke them. He got rid of everything that's of the banks in the financial institutions can get away with murder and you know that's another -- try to prevent -- always break from crashing in the sub prime crisis. He more on multiple times and even example this was appointed -- Franklin Raines friend of Obama Jim Johnson principal bomb on him. You know if you look at Freddie and Fannie you know Jim Johnson or Franklin -- one of -- made ninety million dollars in six years -- Why wasn't that the movie. Wanted to hit Johnson isn't there and -- that ninety million dollars in six years I didn't hear. In the not that you but I do put them and the enemy guys and an older and there -- gets in the movie it wasn't a main port a portion lovely. So many bad guys -- can cover them all but you know that that that it was in the movie. And more of my interview with Michael Moore right after a short break that we're gonna go head to head on the financial crisis that. Dana Perino generally."

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