The Crisis of Credit - by Jonathan Jarvis

[thegreatsky2011]

ayos na idea og video presentasyon!

[TheDylana24]

Beautifully done, thanks!

[cupwave2]

We are the 99% OCUPPY WALL ST

[anh721]

@cupwave2 from the video I get the idea that the 99% is made up of the sub prime mortgage buyers who couldnt afford but bought large houses. Thoughts?

[ppc1110]

excellent......... 

[niriromepark]

what kind of video maker is this..?

[BobCat981]

it was all going so well until the fat cats became too greedy :(

capitalism = money = power = corruption = civilization fail

[prabhug86]

Fantastic job... sheer hard work coupled with intelligence... great team work...:)

[25jiamin]

Hi, my faculty is organising an economics event for the school and we would like to seek permission to air the following video as we are concerned about copy right issues. Would u mind us using this video? =]

[MikeMayank]

Hi. Would you mind if I use a clip from this video, for a video collage?

[wolveshockey92]

GREAT VIDEO!! Easy to follow and understand. Very interesting and it is information everybody needs to understand.

[vietkid92]

this is gonna be on my business final ....

[Labuchidze]

holy shit !!! :DD perfect :)))

[Windchilly]

what is missing is you caused the lending? Who brought the basics for housing investment?

The Government caused the crisis, beacause they set the rules, like low interest rates, Freddi  and Faennie and Ninja loans

READ AUSTRIAN ECONOMICS !!!

[JimmyEatsStan]

I loved this video!

[legadodegali]

supongo q aca tambien seria valido la "intervención dos Grandes de la economia. LA INTERVENCIÓN DE HAYEK Y LA SOLUCION DE KEYNES

[TritonDynamics]

Excellent video!

[eliasdoty]

Simply amazing!!! the best video I have seen on the topic.

[vincesmiphy]

yeah...behind my understanding

[TaeChanvit]

really well done. 

[tags714]

This must have been all bush's fault too hahahahaha

[AndroidPolitician]

@tags714

It's the fault of everyone really

[lalo6437]

@AndroidPolitician

NO, why should be the fault of home owners when they did not know what they were doing with their money.

[AndroidPolitician]

@lalo6437

Unfortunately by 2006, 20% of homeowners held a subprime loan and there is a certain amount of responsibility homeowners have to take for that.

[ohadiosfhoidhgsohgoh]

@lalo6437 i agree with lalo6537 some homeowners took out loans that they knew they would never be able to pay back, just because the finance is available docent mean they have the means to pay it back 

[TransexualTriumphs]

I liked the bombs, about a minute from the end, the anticipation of them going off. . .

[deep25ful]

very good



[fgbernard]

Thank you, "weakamerica1" for your comment about the CRA, the act that really started the subprime mortgage business, and something that in and of itself was not bad, in that it allowed many responsible families to obtain the American Dream of home ownership. As is so often the case, the corruption that occurred with speculators overextending themselves and ordinary families who just didn't even meet the subprime criteria yet got loans anyway, along with some unscrupulous lenders, snowballed.

[knowthecreditscore]

When the proverbial hits the fan, we're right on top of it.

Our blog comments on the wider financial goings on in the world and translates them into what it means for the average joe.

You earn your money, then spend it - earn it -spend it - why don't we just make a more clever use of the funds we have. That's the best investment!

For advice, tutorials and news on everything financial, hop on over to knowthecreditscore.blogspot.co­m

SImple!

[0semivalue0]

THX!! You've saved me from my ACCA exam...

[zenokewell]

clear enough

[zelvalentine]

You probably just saved me for my economics exam 8D AND FOR THAT I AM FOREVER IN DEBTS!

[wakeamerica1]

Very well made video...but i have to wonder how you make a video about the housing crisis. And not include anything about Fannie and Freddie? Your video is correct but you slant all guilt towards what can be perceived as greedy evil bankers. With no guilt given the Carter, and Clinton for signing the 1977 Community Reinvestment Act. thus forcing banks to loan a small amount of loans to "high risk" families. Hmm Fannie and Freddie own 94% of the sub prime loans? and yet no mention? I smell Obama.

[imsneaky]

@wakeamerica1 I agree. The simple fact is that everything about the process worked just fine until you add in too many people that default on their loans. Other than that, there is nothing nefarious about it. In fact, it makes total business sense to arrange things in such a manner that you are diversified with the understanding that some things will turn out for you and some won't. Giving loans to people who were too high of a risk was the main problem, end of story.

[scherrycatherine]

ACORN - America's Corrupt Organization Remove Now

[hameed]

i'm not sure what ACORN has to do with this video but, aaaaaaaaaaallllllllriiiiiightt­tttttt

[June28July]

@hameed

ACORN was secretly funneling money to Al Qaeda which in turn used the money to buy weapons manufactured by unknown Antartican gnomes which rhymes with sub-prime homes; homes that contained training cells for gay marriages that corrupted the social fabric of America where Obama was not born hence ACORN is completely responsible.

[ckokohotmailcom]

Excellent video, but I have a question. He said many families paying for a house that was losing value just stop paying and left the houses for a cheaper one. How that can happen ?, I mean, they wouldn't have problems with credit score later to buy the next house or something else?. Is just that easy ?

[verycleanteeth]

I think those people become the sub-prime risks. Why worry about your credit score if lenders aren't going to look at it?

[Thymonico]

Wow! I'm turning into someone whom is interested in economy!! :O

The most boring subject ever has completely transformed! :)

[DaMoose06]

I know, I had to watch this video for my class and I thought it was going to be boring. But this guy made it very interesting. Hats off to him!

[MarcGLamb]

this documentary was very well executed. i went in knowing nothing and came out understanding mortages and credit loans. basically i think that investment bankers should group their cdo's into multiple tiny groups or packages or even sets of safe, ok and risky cdo's, classified by market trend and location and sell them to investors by bundle, with incentives of course. this way they pass off the "bomb" in bigger chunks leaving the "bomb" exponentially less lethal when it goes off -Marc Lamb

[henkvandervelden]

ooh I thought it had more to do with Credit card loans:)

[Victory020791]

Amazing video! Really easy to understand!

[TheBlackSeo]

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[theninjaofdeath879]

i has seen teh light nao!

[bitemyjihad]

Very very cool video, but you forgot to include the Federal Government involvement in effectively forcing banks to lend to unqualified borrowers. No mention of the Community Reinvestment Act?? No mention of Fannie/Freddie? No mention of the fault that lies with those who took loans they couldn't afford? No mention of people who took out second mortgages they couldn't afford so they could remodel or buy a new car/boat/vaction etc?

[amaisa300K]

And no mention that all these government bailouts of the banks cause the rest of us to suffer for the greed and ignorance of these financial organizations.

[Seng005]

The video implies that the credit crisis was a result of greed.

[LordBifford]

It could also be portrayed as a result of irrational thinking and planning. Making loads of money is OK. Handling your money recklessly is not.

[artbart84]

thank you for explaining it so clearly

[edstate]

Also, something else Greenspan's low-low interest rates did was help lower the MORTGAGE RATES, which further exacerbated the cycle, enticing even more home buyers into the market, and pumping home prices up even further.

[edstate]

This video glosses over the Government's HUGE involvement in all of this. Freddie&Fannie and the CRA played a CRIPPLING role in the whole sub prime "turning point" by not only perpetuating the loaning of money to "bad potential home owners", but in fact FORCING banks to make these loans. Under Clinton, Cuomo (head of HUD) made F&F increase their sub prime quota to FIFTY PERCENT! The politicians wanted votes and property taxes, and their role in all of this CAN NOT be overlooked or glossed over.

[JamaicanMon]

thanks stuff like this we should see on tv god damn it

[VivekRajcoomar]

yeah. try telling that to fox, murdoch, or any other media giant.

[Simon35118635]

I watched the news on so many channels and heard so many things that really didn't make any sense.

However, in just 10 minutes, this video said it all.

Thanks You Sir

[JoBeDream]

Well made, never have I been able to truely grasp the concept due to its wide scope. This video is extremely insightful.

[Neuroelectronic]

ಠ▃ಠ

[Neuroelectronic]

Wow, does it really take 10 minutes to say, "The Fed stopped paying interest and started giving out loans so now everyone is in debt" ?

[spoonbard]

No. And it only takes a couple of seconds to say "drawing is done by moving a hand with a pen in it" or "maths is performed with numbers"... however, you learn nothing about the subjects involved from any of these statements.

[talk2malawyer]

good stuff, i like the animations

[BigDawwg171]

Excellent video!

[wieyabuggaman]

Thank you very much, now I understand what the news is talking about!

[tcartoon]

Fantastic video, really learned a lot. This however, would have never have happened if the republican party did not deregulate housing mortgages

[iownuall3]

Awesome, thats the first time it's been explained in such a clear way...while it changes nothing, still THE MORE YOU KNOW

[squanto2]

brilliant

[Mikister]

5:50

Correction: Should be spelt "MOAR".

[zoomer33]

good video, hope your next one has something about the next bubble a.k.a. derivatives.

[darabblerouser]

High finance is so much easier with pictures!

[Suspicious666]

absolutely amazing. Everyone needs to see this, if they did then maybe we could start punishing the people responsible and try to change things. This is why regulation is so important. Ayn Rand style "pure" capitalism is not viable when you have greed and corruption.

[REChief]

Maybe I missed something, but it seems like a lot of this started because Greenspan lowered interest rates -- i.e. regulation.

[thanhluan001]

I don't think so. The video says it started when brokers began giving mortgages to sub-prime mortgages. :D

[magikroom]

very good...and clear and concise...!

[goddess610]

thank you so much for doing this!

i'm sharing this to my family and friends.

again, thanks so much.

[goheathergo]

Brilliant! I will be passing this one on thru my networks. Thx.

[kreynts]

excellent video! thanks for sharing

[riverkruse]

I have read thousands of words on the financial crisis, and just barely understood what was happening. Now, with this video, I can see it clearly. A picture really is worth a thousand words. Congratulations - this is wonderful work.