Understanding the Financial Crisis
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This is kind of what happened, but there's WAYY more too it, this isn't a simplified version it just doesn't share enough at all, I wasn't expecting much when I saw that it was a 2 minute long video
xXxDANMANxXx 6 months ago
The Fed handled $8.4 TRILLION from the auctions of the Treasury securities and hid the money from Congress. The law, Title 12, section 247, requires the Fed to make a “full report” to congress. Hiding that profit from Congress sounds like embezzlement. Ref. 3w scribd dot com message 49040689
oldereb38 7 months ago
I stopped a few seconds in. 'Toxic assets" are not the root of the issue, but a pattern of relating. That pattern of relating is unsustainable. Fortunately, that pattern is being interrupted. I could say much more, but that's all for now.
144jr144 1 year ago
this video is retarded...When are we going to buckle down and talk about the REAL ISSUES....
....
...GAYS ARE GETTING MARRIED!
...
seriously this video is the retard version. terrible explination for anybody with a brain more developed then an ameoba.
cfrancis 2 years ago
Stupid video, complicated visuals that distract from the core of the issues. Like eating candy floss for breakfast don't feel satisfied (cotton candy = candy floss for you dumb arse amercians that have your head up your arses)
nbibby 2 years ago
I see what you mean, but I think the oversimplification in this case amounts to inaccuracy because it fails to convey several key facts and the credit default swaps, which are highly leveraged, are the real heart of the problem. Making "bets" on the repayment of loans and then treating those bets as assets as well as circumventing insurance regulations, is what made some bad mortgages tear apart the entire system. I will watch the other video too, but I think the omissions here are glaring.
muerteverde 2 years ago
Is it not accurate or just over-simplified? There's a difference. For a more detailed breakdown of the mortgage crisis, they created another video you can view in the responses section.
Daystorm13 2 years ago