What will Spark The Next Financial Crisis? The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. This lead to a huge industry in the production of mortgage backed securities that then became a big part of bank balance sheets. When BNP Pariba announced that they could not value these securities it sparked a crisis that rocked the world.
Great video Trev!! Keep em coming.....
trevorcharlesaustin 4 months ago