SubPrime Mortgage Mess Explained (with voice)
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Uploaded by TFFUtility on May 29, 2008
from: http://www.businesspundit.com/the-sub-prime-primer/
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- 218 likes, 7 dislikes
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7 people still didn't get it..
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LOL
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Freaking perfect. Great video, I wish this was playing all over the U.S.
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Perfecto! The best and most accurately concise (and not to mention -- politically incorrect) explanation of the '08 financial meltdown i've ever seen.
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could happen again?
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2009 was the aftershock
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@tiki2188 I think it had more to do with shadow banking (non-depository independent banks) that largely took hold in the late 90's and by 2008 had almost equalled the liquidity of regular commercial banks. But you are right, the CRA did encourage banks to loan to risky people.
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The banks, investment banks, rating agency's, in this video- can you give me example of specifically what institutions that were doing this?
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Thanx for posting TFF!!! this made plain what i had to read 3 chapters in my Economics book to understand. I hear people d=say that Obama's Reform Act is a joke and that it brings not real transparency to the books nowadays...
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this is a great video. i actually learned what this dumb thing was about.
jkratz930 2 years ago 12
i think they should all be displayed in cages in all the capital cities of the world, like was the custom in the middle ages, baghdad should get bush, london the treasury minister and so on...
SerialPwner 3 years ago 6