credit crunch
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Meow
regalfnoe 1 year ago
how can bankers start lending again if no investor is willing to buy these "IOUs" or securities backed by SUBPRIME MORTGAGES!!! Right when congress decided to invent this so called "subrime mortgages" everything fell.
hollisterbabii28 1 year ago
this is basically right without getting too deep.
chaoslorddave 1 year ago
yes but the whole thing is errelevent because the banks lent money at interest therefore there wasn't enought money in the system to pay back the loans. PLEASE look up FRACTIONAL RESERVE BANKING and watch any of the videos. It is super important that everyone in america see how this works. then you will realize what the problem is. its not rocket science. i beg you watch fractional reserve banking vids. thanks
rogerandgunner 2 years ago
this caertoon is stupid and wrong. it does not explain fractional reserve banking at all. PLEASE PLEASE PLEASE type in fractional reserve banking and watch those videos PLEASE it will all be clear after you watch. there are many video . just type in FRACTIONAL RESERVE BANKING.
rogerandgunner 2 years ago
that wasnt a good explanation at all. type in (at the top) 'the credit cruch explained' - much better. you should find a black and white pen cartoon type thing.
creaturecreator5000 3 years ago
So when a few morgages and loans gos bottoms up the banks refuse to loan money is that what the credit crunch is?
simon4063 3 years ago
The credit crunch is so ******* ANNOYING!!
dogofcrazytown 3 years ago
Does it not seem strange to you that propaganda is being spread about the people or who asked for credits are responsible for being given unpayable credits.
divinacomedias 3 years ago
The question arises as to why they bothered taking this bill to congress?
So that the Fed, and major banks, can make it look as if the blame for the credit crunch they are now going to create lies upon congress and the people they represent (those that do ;)).
In '29 the great crash was followed by a "credit crunch" (lack of money in the market) caused by the FED, and major banks, WITHOUT WHICH a GREAT DEPRESSION would NOT be POSSIBLE.
Money/Credits should be emitted debt-free by congress.
divinacomedias 3 years ago