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SubPrime Mortgage Mess Explained (with voice)
financial crisis 2008 explained
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
It’s well known. Obvious things. Not interesting:-(
MSPAINT AND WINDOWS MOVIE MAKER GANG
I love it…."tell them you F'ed up".
HAHAHAJAJ SO FUKIN GREAT, just one question if anybody from the US can explain, how do banks refinance if home prices go up? In argentina we do not have that method
yeah… they f***ed up too ahahaha
LOL. Funny
Great, except for the voice 🙂
brilliant
ASIA FOR THE ASIANS, AFRICA FOR THE AFRICANS, WHITE COUNTRIES FOR EVERYBODY!
The words “immigration”, “tolerance” and “assimilation” are being used to PROMOTE a program of geNOcide against White children.
–
According to International Law, open borders, FORCED integration, and assimilation is GENOCIDE.
Except they don’t call it GENOCIDE when it’s done to White children.
Then they call it “multiculturalism”
STOP WHITE GENOCIDE!
Anti-racist is a codeword for anti-White
/watch?v=203-BKE5MgU
Like this just starts with "housing prices always going up" it doesnt go into that because of fed and gov policies is how we got that situation. That being said the consumer did still screw up because well…it just kinda defies common sense lol
Very good, though of course this starts with the consumer…who just says "oh I wanna super huge house yay" kinda neglects that because of the housing bubble (which is thanks to Fed and government policy) it created the environment where it was encouraged to buy buy buy! Sink all your life in that house! No chance to pay, no worry!
Before the 90s this never happened. But this lunacy was encouraged.
That said vid does explain all the rest well, wish more could see it!
A ROUND OF APPLAUSE!
Wow! You really understand the banking industry without all their crappy pseudonyms they use to blind the customer from the truth!
sounds like south park
You forgot (on purpose?), Andrew Cuomo HUD Secretary Clinton Admin (starting with ACCUBank in Texas–2.1 billion dollars in crap loans) forcing the banks to lend to unqualified borrowers or force the banks to close or fined out of business…how come you left that one little, small, huge gigantic, mammoth information out of this video? And also, Obama saying subprime lending was a good idea! Are you anti bank? or just anti truth?
LOL
Freaking perfect. Great video, I wish this was playing all over the U.S.
Perfecto! The best and most accurately concise (and not to mention — politically incorrect) explanation of the '08 financial meltdown i've ever seen.
2009 was the aftershock
@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.
The banks, investment banks, rating agency's, in this video- can you give me example of specifically what institutions that were doing this?
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…
@tiki2188 "everyone should have a house, even if they cant really afford it" Official name for it was "Communities re-investment act".
this stuff when on for so long
Great video but it leaves out Congress plus 2 Presidents agreed on pushing the idea "everyone should have a house, even if they cant really afford it" so the whole thing got started. So this kind of seems biased by making it look like the mass public just said "yeah i want a house but go no money can i still has one?"
Sure, those who bought massive houses even being told it was all good should've thought "this isnt right" but lets be realistic. Root of the whole problem. MONEY. GREED.
Great video!!!
this is pretty good though, it does not explain what i was looking for.
Jim McCarthy a
This is pretty good, but investment banks didn't keep the high interest rate (called junior) tranche on their balance sheets, in fact the reverse was true. They kept super-senior as it returned the smallest interest rate and was thus hardest to sell due to confidence in the housing market prices rising and even the junior tranche was given good credit ratings.
That's great, i just laughed my ass off… this is the very best and simplest explanation about this whole crap ever… cheers mates!