Who made money from sub-prime crisis? Credit Crunch winners and losers - bankers, hedge funds, speculators and investors. Economic trends keynote conference speaker Patrick Dixon

http://www.globalchange.com Who made money out of sub-prime crisis and the credit crunch? Those who sold property early at the height of the housing market bubble before the US property market crash. Mainly older people. Interest rate control Federal Reserve. Impact of sub-prime crisis on low income groups, younger buyers and shareholders of largest banks with big losses and fall in share prices. Bankers, speculators and shareholder losses. Tightening and loosening of monetary policy in response to inflation of commodities, retail price index and house market indicators. Video by keynote conference speaker Dr Patrick Dixon, Futurist and author of 12 books on global trends.
Sub-prime crisis, property prices, crash, housing market, America, US, interest rates, banks, banking, share price, falls, speculation, boom, bust, investor, investment, funds, real estate.

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• sub-prime
• crisis
• property
• prices
• crash
• housing
• market
• america
• us
• interest
• rates
• banks
• banking
• share
• price
• falls

[ubuibiok]

Bull Crap...the Fed did not drop ITS RATES Until way after the Real Estate Bubble Burst. The bubble burst in the 2nd Quarter of 2005 when the rising price of new and used home prices ran out of a Qualified Labor pools ability to pay on a mortgage and the national insurance rates started pushing the default rate up the scale.

The winners were the flippers and developers that got out before they lost back what they had made.

[pjvdixon]

The video refers of course to the very sharp Fed cuts in interest rates that happened after 9/11. These things happen in cycles.

[Shaft2009]

he did not answer his own question, who was the exact beneficiary??? In my opinion the CEOs and their entourages. They all received golden bonus and at the end of the day when government bails these financial institutions the same CEOs are going to be getting golden handshake with millions to their beautiful and worry free retirement.

[pjvdixon]

Beneficiaries are many of course - those who made money earning out of various activities like packaged loans, plus bonuses. But most was made by people who bought property when it was far cheaper, and sold it at or near the peak, fuelled by low credit costs, selling it to people who then watched their equity disappear as prices fell.... who lost their deposits if forced to sell.... with maybe the bank not being able to recover full loan (shareholder losses also). Complex.

[john67elco]

I did make a ton... google "im short cfc" Shorted Countrywide March 2007. To bad everyone else was so blind ;)

[pjvdixon]

Thanks. Patrick Dixon

[whythebailout]

Yes those clever minorities, working those poor paying construction, hospitality & restaurant jobs when all along they had the power to topple the entire financial system. Blaming this on the poor makes me think we need to bring the guillotine back.

[nelson3300]

I like it when the English explain things to me

[pishdad]

What a shill! This is bunk. Don't believe a WORD of this guy!

[lamdawave]

I think the builders who collected full payments from the banks were the real winners, unless they were stupid enough to put their gains into bank stocks or CDOs.

[covingtonium]

good thing is im making lots of money paper trading on thinkorswim, and one day i will turn that into REAL MONEY WOOHOO

[john67elco]

@covingtonium Keep kicking that ball around bro.I had videos on my channel about the housing bust since 06. Not my fault people were/are dumb.

[covingtonium]

@john67elco i HATE YOU!!!!!!!!

[housecash]

There is a whole young generation who've been waiting and saving up to buy for years - during your crazy boom when you were patting yourself on the back for house prices going up and up and up. They win when house prices are allowed to fall without all your calls for interference and market rigging and cheating. Can't afford your mortgage repayments? GTFO.

[lovinit19791]

So the banks have their fake money that they make.....and they now have a vast array of stolen assets...ie houses.

The banks didnt lose anything as they make up money as they go along. I think the ratio to deposits and lending is about 10/1 this means for every £1000 they have in cash, they can lend £100000. So they make up £99000 of cash.

Greedy greedy bastards.

Please look up FIAT currency if you dont believe me :)

[ricobeco]

I support all of the politicians of this country because they are good people and they have to make money.

This people never lie; by the way take the damn vaccine

[GetShorties]

greed is actually number one. its a side-effect of the system. the govt didnt push subprime loans. banks who got into the industry during the low rate boom brought those in order to continue to increase profits in a market where the rates were rising. as a bank, with shareholders - you have to increase profits not just keep on earning. how do you increase the amount of people using your bank when all of the refi boomers already got their low rates? you expand your lending guidelines.

[GetShorties]

actually hes right to some extent. the banking system itself is to blame for the downward spiral that was effectively a "side-effect" of the way its all set up