ANATOMY OF THE MORTGAGE CRISIS

Pt 2 of the Princeton conference:

Regional and National Financial Crises: Roots, Results and Responses

Opening Comments and Moderator:
Hyun Song Shin, PhD, Hughes-Rogers Professor of Economics, and Associate Chair of the Economics Department, Princeton University

Panelists:
Mark Zandi, PhD, Chief Economist and co-founder Moodys Economy.com
Erica Groshen, PhD, Vice President and Director of Regional Outreach, the Federal Reserve Bank of New York
David Wilcox, PhD, Deputy Director, Division of Research and Statistics, the Federal Reserve Board, Washington DC

Category:

News & Politics

Tags:

• uchannel
• wws
• princeton
• prior
• economy
• business
• finance
• economics
• banks
• financial
• regulation

[spectrum2000now]

Such crisis sometimes begins to people itself. Because most people fail to check their finances and able to know what only they can afford.

[Bristow42]

Suthsayers

[tomballardesquire]

Mark Zandi talks about Fed rate changes extensively in his book. Fannie and Freddie were involved in securitization, but not of high-risk loans.

[dofkiuxas112]

lol :D longer video

[bajawind]

moving to a worthless currency is the only way to get out of all that external debt.

[jjrglobal]

Jesus Christ no wonder the Great Depression is so misunderstood. These so called experts are not even mentioning the real reason for this and every financial crisis, the Federal Reserves manipulation of interest rates. The government created and backed mortgage lenders Fannie and Freddie and the laws passed by congress in 1977 called the Community Reinvestment Act which required banks to write a certain amount of minority loans