Understanding The Financial Crisis–For Kids and Grownups
Friday, July 24th, 2009 at
8:27 pm
Having difficulty understanding the 2008 US Financial Crisis? Here’s a short animated video that explains – visually!
Tagged with: bailout • banking • banks • Bernanke • Common Craft • Congress • credit • economics • financial • Global • investments • market • mortgages • Paulson • stocks • Street • Wall
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Depository banking? Try fractional reserve banking. Also RE: Investment banks are different to regular banks. No explanation of where investment banks get their money from 1:08 the security is the mortgage equivalent. Handling securities aka mortgages is alot like handling money. Duh that’s why they secularized mortgages. 1:25 recap is FLAT OUT WRONG.
So basically it’s just American stupidity?
No. Not at all.
We’re just too greedy…We’re always looking for ways to make even more money. That’s what happened in 1999 with that bill…just a way to help banks make even more money. When someone makes $1 million one year…they want to make $2 million the next year so they take a risk that they shouldn’t.
That;s right American stupidity
There will be answer for this…real soon…..
With explanation and details from Michael moore’s new movie….on financial crisis…
Thanks for the cute vid – what a great way to explain such a huge problem.
A clear and accurate description for all. Well done.
America was not the only country, it was worldwide.
All empires rise and fall…greeks, romans, egyptians, and now capitalism…
except this time there will be no building back…
remember all those gloomy “doomsday” movies we all used to watch? well, it’s coming soon…
between the financial crisis and the global threat of radical muslim terrorism…
we’re there…
crisis will end soon (could be one year or two) but everything ends, it won’t last forever
This was caused by the community reinvestment act.
Really? “Radical Muslim terrorism?”
I surely hope you don’t make a fool of yourself in person as you do on the internet.
The real global threat is to the environment.
i’m gonna say this again…if you read my posts and you cant comprehend it, like mrylem down there…do not post a reply and waste my time…
deep insights into serious topics warrant a certain level of intelligence and wit…you obviously dont have either…
so stop wasting my time…
You shouldn’t judge a whole population by the actions of a few.
Now, if you’re going to continue to do so, while claiming to have some sort of insight, I at least hope any readers can see you for what you are.
thanks for this explanation
people who think like that, most likely, lack knowledge about the subject…
but no.
thank you america…
for the finance crise..
this was foreseeable..i hope europe lean now not to trust every bank in america..
obviously not foreseeable enough for investors in the US, EU and elsewhere – they plunged into mortgage-backed securities looking for big gains, and the big risks caught up with ‘em. Economies are interwoven now – arguably there’s no such thing as a national economy – so unless you want to close borders and depend solely on your own resources/output, not much to be done. Sinking tides lower all boats.
hahah, you are quite ignorant to think Europe had nothing to do with this.
Government is like a prostate, the more it grows, the more useless and painful it becomes.
Easy thery helped the banks. Show of hands how many people here have had there house saved from forclosure by the government…………………….
I got confused
mortgageartist. com
The best thing you can do is arm yourself with knowledge, even better if it’s free. a little time and a few clicks now could save you years and thousands of dollars later.
the choices you make today define your tommorow.