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Unidentified Speaker, -
THE TOP WINNERS IN THE STUDENT CAMERA COMPETITION. WE WERE ASKED TO PRODUCE A VIDEO TO HELP THEM BETTER UNDERSTAND THE ROLE OF FEDERAL GOVERNMENT. TODAY...
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| 00:00:27 |
Unidentified Speaker, -
THE ASSIGNMENT AND FAIRFAX, TO MAKE A DOCUMENTARY FOR C-SPAN'S CONTEST. WHEN I LOOKED AT THE PROMPT FOR THE CONTEST, I DECIDED TO FOCUS ON A TOPIC THAT...
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| 00:00:59 |
Unidentified Speaker, -
MONEY INVESTED IN STOCKS AND BONDS. WHEN THE RECESSION HIT, WE BASICALLY LOST ALL THE MONEY THESE INVESTMENTS HAVE GAINED OVER THE YEARS. WE'RE CUTTING...
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| 00:01:27 |
Unidentified Speaker, -
YOUR DOCUMENTARY, YOU SAID THE GOVERNMENT NOW STOP -- MESSED UP. >> FEDERAL RESERVE
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| 00:01:36 |
Unidentified Speaker, -
HAD THESE POLICIES ARE WHEN IT CAME TO GIVING OUT LOANS. LOT OF THE PEOPLE WENT INTO DEBT AND COULD NOT PAY BACK THE BANKS. THEN THE BANKS CANNOT PAY...
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| 00:02:17 |
Unidentified Speaker, -
INTERVIEW SOMEBODY WHO KNOWS WHAT THEY ARE TALKING ABOUT. NOT THAT MY FATHER DOES NOT KNOW WHAT HE IS TALKING ABOUT. I WANT THE SUMMIT WHO COULD TEACH...
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| 00:02:50 |
Unidentified Speaker, -
THESE DEBTS THE WITH ACCUMULATED FROM THINGS LIKE THE STIMULUS PACKAGE. THE ECONOMY DECLINES AND IMPROVES, BUT THE GOVERNMENT COULD HURT IN THE LONG RUN....
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| 00:03:05 |
Unidentified Speaker, -
LEARN FROM WARNING ON THIS
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| 00:03:07 |
Unidentified Speaker, -
DOCUMENT? >> I LEARNED A LOT. I LEARNED ABOUT THE RECORD LOW INTEREST RATES. I KIND OF GOT A BETTER IDEA ON THE ECONOMIC CRISIS. I LEARNED WHAT ABOUT...
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| 00:03:29 |
Unidentified Speaker, -
FOR TALKING WITH US TODAY. >> NO PROBLEM. >> HERE'S A PORTION OF
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| 00:03:39 |
Unidentified Speaker, -
NATHAN'S DOCUMENTED. >> WE WERE FORTUNATE WE
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| 00:03:45 |
Unidentified Speaker, -
WERE ABLE TO QUALIFY FOR A GOOD LOAN RATE BECAUSE WE OF GOOD CREDIT. WE ALWAYS PAY THEIR CREDIT BILLS OFF EVERY MONTH. WE TRY NOT TO CARRY MUCH DEBT....
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| 00:04:23 |
Unidentified Speaker, -
UP THE MONEY AS MUCH AS WE WOULD LIKE THEM TO. THE REASON THAT IS THE CASE IS PART BECAUSE THEY ARE AFRAID TO DO BUSINESS. PARTLY BECAUSE THEY ARE OF...
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| 00:04:37 |
Unidentified Speaker, -
PROBABLY CANNOT GET THE KIND OF LOANS THEY WANT TO GET. MAYBE THEY ARE GOING IN THE OPPOSITE DIRECTION. >> YOU CAN SEE THIS ENTIRE
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| 00:04:45 |
Unidentified Speaker, -
VIDEO AND ALL THE DOCUMENTARY'S AT STUDENTCAM.ORG. >> "WASHINGTON
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| 00:04:57 |
Unidentified Speaker, -
JOURNAL" CONTINUES. HOST:
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.