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Author recalls the moment she knew the 2008 housing crisis was coming

Author recalls the moment she knew the 2008 housing crisis was coming

Thursday on "Glenn," Glenn Beck asked guest Danielle DiMartino Booth about the 2008 housing market crash.

"There were plenty of criminals," said the author of "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America."

Glenn remarked it was "the biggest heist in the history of the world."

Booth agreed, recalling investigations revealed regulators either did not understand what was happening at the banks or turning a blind eye. Banks seemed to be one step in front of their regulators "by design."

Booth initially went to work at the Federal Reserve to do her "patriotic duty." She predicted the housing crisis based on things she witnessed.

Glenn asked her what in particular on Wall Street "turned your stomach?"

She recalled a 2001 presentation detailing "slicing and dicing up mortgages," where she thought to herself, "I wouldn't sell this to my mother." She left the Fed soon after that.

To see more from Glenn, visit his channel on TheBlaze and watch full episodes of “Glenn” live weekdays 5–6 p.m. ET or anytime on-demand at TheBlaze TV.

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BlazeTV Staff

BlazeTV Staff

News, opinion, and entertainment for people who love the American way of life.
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