While I appreciate your time and your passion, you can only put people in jail for breaking a law. The lenders and the investment banks did not break any laws. They were operating under the lending guidelines set forth by the CRA and other laws enacted during the 1990's. Additionally, the entire bubble was backed 100% by the GSEs which is the reason why the CDOs were given AAA Ratings. They were backed by the full faith and credit of the (then AAA) US Govt. Good job, but not quite complete.
Yeah I a bit more work on this video and I was disappointed that there wasn't much interest or more views. Ryan Dawson of Rys2Sense has a better version of this video where he breaks it down with a chalkboard and diagrams.
good job
Soorkh 2 months ago
While I appreciate your time and your passion, you can only put people in jail for breaking a law. The lenders and the investment banks did not break any laws. They were operating under the lending guidelines set forth by the CRA and other laws enacted during the 1990's. Additionally, the entire bubble was backed 100% by the GSEs which is the reason why the CDOs were given AAA Ratings. They were backed by the full faith and credit of the (then AAA) US Govt. Good job, but not quite complete.
bobapunk 4 months ago
cant believe it only has 210 hits... this is vital infO... thanks for sharing and explaining...
andrieliane420 5 months ago
@andrieliane420
Yeah I a bit more work on this video and I was disappointed that there wasn't much interest or more views. Ryan Dawson of Rys2Sense has a better version of this video where he breaks it down with a chalkboard and diagrams.
rubixlucifer 3 months ago
Great job man
Thanks for summing things up
fearfulmatrix 7 months ago