Hank (and Hank and Hank and Hank and Hank) give an extremely simplified account of how we got into such a terribly gigantic financial mess in America.
Duration : 0:4:1
You are here : World Pace Web Portal » Financial » The Financial Crisis…Simplified
-
Related Articles From This Category
Subprime US Banking Financial Crisis Explained Part 3
Published On 10 May 2012http://www.informedtrades.com/ The 3rd and final lesson in a series on the subprime mortgage US Banking ...
Practical Money Skills for Life – Financial Literacy & Education Summit (audio only)
Published On 09 May 2012Practical Money Skills for Life - Financial Literacy & Education Summit (audio only) from Financial Literacy ...
‘Financial terrorists behind EU crisis’ Max Keiser on PressTV
Published On 27 Apr 2012Powerful banks such as Wall St. banks, Germany's Deutsche Bank and the Bank of England ...
Hale Dwoskin – The Past and the Future- Financial Liberation Retreat
Published On 24 Apr 2012Hale Dwoskin - The Past and the Future- Financial Liberation Retreat from The Sedona Method Compilation ...
Approving for Loans from an Online Lender
Published On 18 Apr 2012Given that the arrival of the large pace Internet, much more and a lot more ...
Categories
Pages
Links
-
Recent Articles
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
awesome
awesome
Is that a lil …
Is that a lil Brudder T-Shirt I spy?
Sorry folks, you …
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
The only thing that …
The only thing that would make it funnier would be to include AIG’s Credit Default Swaps!
We all seem to have forgotten that the very words mort and gage in French mean death gamble. If the borrower died first, the debt is due on death, which is usually what happens.
Once in a while, the lenders all die enmasse, and the borrowers win the death gamble. Whats fair for the one is fair for the other. Just let the laws of economics take their course. My personal opinion? Let THEM die!
I was working …
I was working housing at the time and everyone forgets another part of the equation…realtors and builders. I worked for a major builder and together with the resale market, they sent the prices soaring through the roof. I left the industry because I am a nerdfighter and I couldn’t help make the world suck even more.
Haha… Yeah, the …
Haha… Yeah, the combined stupidity of the CRA, the loan guys who enforced it, the people who took advantage of it all pretty much get the national middle finger. Of course, dragging the banks in, the government trying to deal with it… Not awesome.
You kind of forgot …
You kind of forgot the government’s involvement in this one… From the government basically forcing banks to give out loans to default risks to Greenspan’s interest rate policy to the Senate filibustering the Fannie Mae and Freddie Mac regulatory bill (due to heavy contributions by the two organizations.)
And the names AAA and BBB are bond ratings, not the names they gave them. S&P and Moody’s (the bond rating agencies) screwed the pooch on this one.
Bahahaha. “Like …
Bahahaha. “Like elephant diarrhea on a hot day.” xD
Hats!
Hats!
DFTBAwesome!
DFTBAwesome!
oh my god, is that …
oh my god, is that a li’ brudder t-shirt??? (screams) MY FAVORITE YOUTUBES LIKE MY FAVORITE SITE
Great job! It is …
Great job! It is actually worse than this. Check this out: The sponsor of the original loan was the BORROWER . In other words he was conned into thinking he had to pay it back in the first place because it was HIS money to start with.
Ooops forgot the …
Ooops forgot the real problem and prime instigator of the so called crisis, derivatives.
very funny stuff .. …
very funny stuff … and hard to believe it’s actually true.
Well, one thing …
Well, one thing where the VlogBros and probablly the rest of nerdfighteria and I can fundamentally agree.
BANK OF AMERICA IS …
BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
Ha, ha, ha, ha!
Ha, ha, ha, ha!
Too funny, great …
Too funny, great job!
lol at 3:37-4:40
lol at 3:37-4:40
Not all banks ran …
Not all banks ran with the government.
very entertaining
very entertaining
ROFL very much true.
ROFL very much true.
Now I understand …
Now I understand Barney Frank economics!
GREAT!
GREAT!
Good one dude
Good one dude