News Burner Video of the Day | 10/11/2011

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Today’s Video of the Day is all about the bank bailouts of 2008.

In a video exploration, two cute creatures decide the bank bailouts amount to “the screwing of the American people.” In the new video, from Omid Malekan, one character asks why the banks were bailed out, and the other responds “Because they said the banks were too big to fail, and if they failed, there would be too many foreclosures, and no new mortgages.”  The video goes on to point out that after the bailouts, banks didn’t stop foreclosures, or issue new mortgages. But one executive at Bank of America did pay a bill on his $70,000 desk.

Enjoy… it’s a hell of an explanation.

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Scott St. John

About Scott St. John

I have worked in the media for over 30 years as a Producer,director, cameraman,photographer and in publicity. I have worked for the four major television networks and for over 20 different cable networks. From American Idol to the Today Show to HBO Documentaries to the Academy Awards, I have been fortunate to work at the highest professional level in television. As a photographer, my work has been published or seen online in magazines such as Maxim, Stuff, Us weekly, InTouch,Gotham, Shock, OK magazine and more. My work has taken me to the four corners of the world from Africa to South America to Europe to Japan. It's been a great run and I am happy to be on board with the News Burner team.

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