The Financial Crisis...Simplified
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You forgot about the pressure from the Federal government to make these bad loans in the first place
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very well done, very well done. I really wish my AP Econ teacher had known about this video, considering that he thought the haiku-form explanation my friends and I made for class was brilliant. >.< It's hard learning economics from someone terrified of the very word derivative. But even this he could have followed well, for its remarkable clarity. :) Of course Hank left out some things, but it is capped at 4 minutes long. Let's be fair to the man, here.
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WOW...and this was broadcast from his room in the State funded MENTAL Hospital
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I learned more about the economy in the 4 minutes and 1 second it took me to watch this video than I ever do in my 50 minute economics class....
AWKWARD TURTLE!!!!!
1 month ago in playlist 20 Essential Vlogbrothers Videos 7
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if this was just a financial video you woulda lost my attention. but with the different people and voices and hats. woot :D
1 month ago in playlist 20 Essential Vlogbrothers Videos 4
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Yes, all this is true enough. But the bad mortgages are simply a SYMPTOM of the problem of the Crisis. A short term cause is the US Housing Collapse. Remember, the Crisis is worldwide, not confined to the US. Bigger causes are long term and include over production, speculation on the stock market, a waste of resources in the blind support of Israeli land grabbing, support of war mongers like Dick Chaney and Rumsfeld, and low wages. See 'Global Financial Crises: Causes and Effects by Zip Zagon'
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all true.. however, the actual SOURCE of the problem.. was the massive bank deregulations. Which allowed them to do all types of creative things.. which eventually led to this meltdown. NOT. poor people wanting houses. Poor people have always wanted houses, however.. 30 years ago, the bank held the loan, therefore they would NOT loan the money if they KNEW they were NOT going to get it back. duhh
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When Hank wears a baseball cap he looks like a documentarian.
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The phone makes tetris noises xD (or at least that's what it sounded like at first to me lol)
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that was brilliant
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did anyone else have an OOOOHHHH!!!!! I GET IT!!!!!!!!! moment? because i know i did. and the elephant diarrhea just helped me visualize so much.
mychemcutie723 8 months ago in playlist 20 Essential Vlogbrothers Videos 50
The calculator is a phone.
Fail, Green. Fail.
KrustyFrank27 7 months ago 36