I'm not sure why the video makers didn't make the distinction, but the bottom line is that TARP would not have been needed if the libtards didn't press financial institutions to make Sub-Prime Loans. In this case the people responsible for the crisis were given blank checks to fix their mess.
Not quite true...
The amount total of money tied up in ACTUAL bad mortgages nationwide was actually less than the total annual bonuses given to Goldman Sachs, JP Morgan and CITI execs.
Where the banks went REALLY south was with the fraudulent OPM gambling/pyramid scheme that they so cleverly call "derivatives" and "Credit Default Swaps". When they were allowed to commoditize mortgages and split them up into these secondary, tertiary, quaternary (and further) instruments, and essentially selt fractions of bets on whether or not they would fail, it set up a HUGE potential call-out of their scheme when investors got wise and attempted to bail before they lost everything. And then the whole CDS scam started to fall apart, and the banks all cried "wolf"...
Selling a fraudulent instrument, misleading investors, aiding and even ENCOURAGING house buyers to falsify loan applications, and flat-out absconding with general funds in the form of "bonuses" that were handed out for the BIGGEST acts of criminality is where the money really all went.
I wouldn't mind bailing out a few companies that had been the victims of genuine economic downturns, or were losing market share because of unfair business practices of foreign competitors.
But when we bail out known, proven criminals who have a decade-long track record of theft, graft, and embezzlement, by giving them MORE of the taxpayers money so that they can further fraudulently represent their bottom line figures, I've got a problem with that...
The "housing bubble" was a tiny blip on the radar of the big International Bankster houses. It represents about the same impact on their bottom line that a single local rogue anti-2A cop would have on holster sales in a major urban area where OC is legal.
The REAL problem started when people started to realize that the Real Estate Derivatives market was a sham, and when smaller Institutions started calling in their CDS's with the "Big Boys" and that caused a cascading "call" run on CDS's all up and down the line, because the people in the know understood that CDSs are a Ponzi Scheme, and they needed to get theirs before the "little guys" got theirs...
Every single person involved in the sale, construction, and marketing of CDSs and Derivatives should be brought up on 18 USC Chapter 115 charges, and given the appropriate punishment for their sociopathic, seditious, treasonous, Globalist looting of America...