The Crisis of Credit Visualized - Part 1
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one word...GREED!!!
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GOLD! GOLD! GOLD! :-)
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Great job explaining to people in a basic simple to understand manor. If only that was how markets really work, just look at MF Global missing monies as an example. When getting into options, shorts, news, media, tv, governments, ect there is a lot to the story!
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@465160 the deal broker not WS. "banks"
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@3:25 they don't always pay it back or atleast in full because some go "Bust!"
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Sm.v.
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Gqakfjnb
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The only thing missing in the video- which is most important -is due to Greenspan's low rates a borrower could get a 4% mortgage loan which will adjust - go up to the market rate- after 3, 5, or 10 years. This is called an adjustable rate mortgage.Greenspan increased the interest rate by more than DOUBLE in under 2 years to 8.25%.This caused even responsible borrowers to default before they could refinance their loans to a decent fixed rate.Also the banks are required by the govt to lend to poor
asuwish0000 4 months ago 4
Can capitalism save the planet? youtube.com/watch?v=pZsQZU4wdjs
ProletarianCPGBML 2 weeks ago 2