Financial Crisis Explained - Subprime Mortgages

[Crazyman1212]

The question is...who profited...money doesn't just disappear

[leeknivek]

Good explanation except for blaming it on "greed".

[m0rbusPolytox]

good explanation! it may be a bit more difficult than that, but overall you did a good job in explaining the collapse of 08/09.

[Stabiiliize]

Didn't know kermit the frog was an economist...

[Stabiiliize]

Didn't know kermit the frog was an economist...

[iFullMetalJacket]

only 6% of sub prime mortgages were actually subjected to the laws of the CRA

[Toadyru]

1995 new subprime authorizations, and Community Reinvestment Act......

enough said.

[johammbass]

Maybe the "greed" was a direct consequence of the artificially low interest rates and the artificially low lending standards (enforced by the government)? Wall street "greed" is just something to pin it on for the government

[JRBeaman]

Jimmy Carter's "afordable housing" plan broke the banks, so now they are grabbing all they can get, because they know our economy is failing. Those followinf suit, to grab all they can get are those that voted for the Marxist/Socailist Obama hoping to garner un-earned wealth. Too obvious, just like Hitlers Germany, and why we call Obama the Chocolate Hitler, who is now nationalizing (NAZI) our country, pretending to be our savior.

[atdeacon]

not exactly but basically right...missed the step about credit default swaps

[hanna88ism]

i just wanna know a brief idea, n u made it in a simplest way! great!

[Adamqo]

simple and useful! thanks!