Not mentioned was lenders denying FALSELY qualifying minorities prime loans so they could get them to pay higher rates with the subprime! And it wasn't just minorities either it was a feeding frenzy of greedy bankers.
@mooeythemooseman No they do it because there was more money to be made in the sub prime. You don't understand the comment. They FALSELY I repeat FALSELY that means people who ARE NOT risky into the sub prime. You're saying a person skin color or ethnic groups trumps everything regardless of the objective numbers you see in front of you! Simply put that utterly stupid.
What kinda gets my goat is the tacit approval here of this sub-prime loan policy of the FHA, as being somehow 'good for the economy' because it creates 'demand'. This is classic Keynesianism and it is dead wrong. Need we be reminded that it was these very sub-prime loans that created the crisis in the first place, that inflated the housing bubble? And now the government through the FHA is trying to keep the bubble inflated, keeping the very thing that caused the mess, alive and kicking.
@Panpiper You sir are correct! We can go all the way back to the Fed on this one. What is going to happen is the Fed will have to raise the interest rates at some point soon. BUST!
I like his analogy of steak...
21580anwar 5 months ago
@21580anwar I like steak. Hahahaha
lalem91 2 months ago in playlist More videos from marketplacevideos
haha, man you need alot of drinks!
Good work.
KennedyCorey 8 months ago
Amazing!!!! After watching his videos I fall in love with finance. THANK YOU for making it crystal clear!!!!!!
msbuvaylo 8 months ago
Simple and clear. well done
really289 1 year ago
Awesome!
dietrichian 2 years ago
Crystal clear explanation, as always.
Thank you!
Atheistprimate 2 years ago
i love your videos sir esp. the one about derivatives! nice hair!
superc 2 years ago
Not mentioned was lenders denying FALSELY qualifying minorities prime loans so they could get them to pay higher rates with the subprime! And it wasn't just minorities either it was a feeding frenzy of greedy bankers.
cosmosgato 2 years ago
@cosmosgato z
There is a reason they do this.
Spoiler:Minorities carry more risk
Fair or not, the market, when not having all the additional information needed about a individual. Will go off stereotypes.
mooeythemooseman 6 months ago
@mooeythemooseman No they do it because there was more money to be made in the sub prime. You don't understand the comment. They FALSELY I repeat FALSELY that means people who ARE NOT risky into the sub prime. You're saying a person skin color or ethnic groups trumps everything regardless of the objective numbers you see in front of you! Simply put that utterly stupid.
cosmosgato 6 months ago
What kinda gets my goat is the tacit approval here of this sub-prime loan policy of the FHA, as being somehow 'good for the economy' because it creates 'demand'. This is classic Keynesianism and it is dead wrong. Need we be reminded that it was these very sub-prime loans that created the crisis in the first place, that inflated the housing bubble? And now the government through the FHA is trying to keep the bubble inflated, keeping the very thing that caused the mess, alive and kicking.
Panpiper 2 years ago
@Panpiper You sir are correct! We can go all the way back to the Fed on this one. What is going to happen is the Fed will have to raise the interest rates at some point soon. BUST!
whittvet 2 years ago
@Panpiper
you nailed it
joshmccraney720 1 year ago
Opps. probably should have said Paddy and not Patty. :o)
scutter4christ 2 years ago
thanks patty. I need a drink now.........and I don't even drink!!
scutter4christ 2 years ago