The Crisis of Credit Visualized - HD
Video Statistics and Information
Channel: undefined
Views: 2,720,731
Rating: 4.9471436 out of 5
Keywords: credit, crisis, money, finance, news, explain, how, simple, easy, motion, graphic, mortgage, CDO, securities, documentary, animation, financial, graphics, economy
Id: bx_LWm6_6tA
Channel Id: undefined
Length: 11min 10sec (670 seconds)
Published: Sat Jan 22 2011
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.
TIL Sub Prime Mortgages are taken by Smokers.
I'm glad to see a good video about the credit crisis that does imply some federal reserve mega-rich Illuminati scam.
This may seem like a really stupid question but what if you just build your own house? Then your mortgage isn't owned by any lenders or the banks. Just the loans you took to purchase supplies. And since you don't have a house yet at the time of signing the loans to put up as collateral, they couldn't take the house assuming you couldn't pay off the loans.
great video and easy to understand. a lot of people only know that the housing market crashed without really knowing how it happened.
Very well done.
So we can blame the problem entirely on sub prime mortgages? That's what I see as the problem.
Fuckin' Greed...
The collapse had nothing to do with housing. It was all about derivatives.
Yet no one remotely related to the credit crisis will.