RIBI4230 asked:
An excellent video explaining the crisis of credit. This is something that Businesses Coaches, Business Consultants and Financial Planners will find useful to educate their clients. Presented by www.ribi.biz – the Results in business Institute. Besides, its really well done! created by jonathanjarvis.com Check out his site! … RIBI “business coaching” “business consulting” “work from home”
Failed Experiment
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Business
Low Cost Bargain
this documentary was very well executed. i went in knowing nothing and came out understanding mortages and credit loans. basically i think that investment bankers should group their cdo’s into multiple tiny groups or packages or even sets of safe, ok and risky cdo’s, classified by market trend and location and sell them to investors by bundle, with incentives of course. this way they pass off the “bomb” in bigger chunks leaving the “bomb” exponentially less lethal when it goes off -Marc Lamb
Low Cost Bargain
yeah. try telling that to fox, murdoch, or any other media giant.
Low Cost Bargain
ooh I thought it had more to do with Credit card loans:)
business
The video implies that the credit crisis was a result of greed.
Collecting Comix
And no mention that all these government bailouts of the banks cause the rest of us to suffer for the greed and ignorance of these financial organizations.
Photoshop Life
Amazing video! Really easy to understand!
ProConsultancy.com
i has seen teh light nao!
Collecting Comix
Very very cool video, but you forgot to include the Federal Government involvement in effectively forcing banks to lend to unqualified borrowers. No mention of the Community Reinvestment Act?? No mention of Fannie/Freddie? No mention of the fault that lies with those who took loans they couldn’t afford? No mention of people who took out second mortgages they couldn’t afford so they could remodel or buy a new car/boat/vaction etc?
Fire Your Boss Now
thank you for explaining it so clearly
Failed Experiment
Also, something else Greenspan’s low-low interest rates did was help lower the MORTGAGE RATES, which further exacerbated the cycle, enticing even more home buyers into the market, and pumping home prices up even further.
Fire Your Boss Now
This video glosses over the Government’s HUGE involvement in all of this. Freddie&Fannie and the CRA played a CRIPPLING role in the whole sub prime “turning point” by not only perpetuating the loaning of money to “bad potential home owners”, but in fact FORCING banks to make these loans. Under Clinton, Cuomo (head of HUD) made F&F increase their sub prime quota to FIFTY PERCENT! The politicians wanted votes and property taxes, and their role in all of this CAN NOT be overlooked or glossed over.
business
thanks stuff like this we should see on tv god damn it
Failed Experiment
I don’t think so. The video says it started when brokers began giving mortgages to sub-prime mortgages.
Photoshop Life
I watched the news on so many channels and heard so many things that really didn’t make any sense.
However, in just 10 minutes, this video said it all.
Thanks You Sir
Collecting Comix
No. And it only takes a couple of seconds to say “drawing is done by moving a hand with a pen in it” or “maths is performed with numbers”… however, you learn nothing about the subjects involved from any of these statements.
Low Cost Bargain
Well made, never have I been able to truely grasp the concept due to its wide scope. This video is extremely insightful.
Failed Experiment
ಠ▃ಠ
Fire Your Boss Now
Wow, does it really take 10 minutes to say, “The Fed stopped paying interest and started giving out loans so now everyone is in debt” ?
Low Cost Bargain
good stuff, i like the animations
Photoshop Life
Maybe I missed something, but it seems like a lot of this started because Greenspan lowered interest rates — i.e. regulation.
Failed Experiment
Excellent video!
Collecting Comix
Thank you very much, now I understand what the news is talking about!
business
Fantastic video, really learned a lot. This however, would have never have happened if the republican party did not deregulate housing mortgages
Low Cost Bargain
Awesome, thats the first time it’s been explained in such a clear way…while it changes nothing, still THE MORE YOU KNOW
Photoshop Life
brilliant