Jesus Christ no wonder the Great Depression is so misunderstood. These so called experts are not even mentioning the real reason for this and every financial crisis, the Federal Reserves manipulation of interest rates. The government created and backed mortgage lenders Fannie and Freddie and the laws passed by congress in 1977 called the Community Reinvestment Act which required banks to write a certain amount of minority loans
Such crisis sometimes begins to people itself. Because most people fail to check their finances and able to know what only they can afford.
spectrum2000now 1 year ago
Suthsayers
Bristow42 1 year ago
Mark Zandi talks about Fed rate changes extensively in his book. Fannie and Freddie were involved in securitization, but not of high-risk loans.
tomballardesquire 1 year ago
lol :D longer video
dofkiuxas112 2 years ago
moving to a worthless currency is the only way to get out of all that external debt.
bajawind 3 years ago
Jesus Christ no wonder the Great Depression is so misunderstood. These so called experts are not even mentioning the real reason for this and every financial crisis, the Federal Reserves manipulation of interest rates. The government created and backed mortgage lenders Fannie and Freddie and the laws passed by congress in 1977 called the Community Reinvestment Act which required banks to write a certain amount of minority loans
jjrglobal 3 years ago