www.informedtrades.com A 3 lesson series on the background of the subprime US Banking Financial Crisis market and how the problems we are experiencing today arose. Relevant to traders and investors of the stock market, futures market, and forex market.
Subprime US Banking Financial Crisis Explained Part 1
September 2nd, 2010 | futures market
25 comments ↓
thank you, glad that someone’s explaining it to me in detail!
The american government should apologize to all the countries in the world
for subprime problem.
The american government should apologize to all the countries in the world
for subprime problem.
100% Free EA if anybody want
The banks wrote the loans, the ignorant and irresponsible used these products and ultimately lost their homes, but did congress not write legislation that put pressure on the banks to produce these loans in the first place? Anyone running a bank would know this was a very risky idea. I find it hard to believe emotional greed trumped common sense in this case.
Israel CONTROLS THE FOREIGN POLICY OF AMERICA.Not to mention taking part in 911. Is it America now or is it the UNITED STATES OF ISRAEL? ISRAEL MADE AMERICA FIGHT IT’S WARS!!!!!!! IRAQ WAS AN ISRAELI WAR, AFGANISTAN IS AN ISRAELI WAR IRAN IS AN ISRAELI WAR.
Unless people wake up and do something America is going to be doomed. ISrael owns most of the media in the US but they don’t want you to know that. They portray other countries as “evil”
THEY DON’T SHOW YOU THE MASSACRES OF CHILDREN IN GAZA
Download free Technical analysis book !
ebookwormspot @
blogspot @ com !!
you should also note that even borrowers with good credit were taking subprime mortgages mainly due to unethical brokers coercing the uneducated
Bush et al should have, would have, burst this bubble by raising interest rates. However, they had two wars to pay off and an upcoming election. They held on as long as they could but our financial system collapsed in the 4th quarter of 2008. Proving two things, Bush and the republicans destroyed our markets and socialism bailed them out.
visit imsuccsyst . blogspot . com or watch my videos and know how to be a successful manager
I agree! It was deadbeats that did not pay there debts that caused the problem. Also congress (Pressured by ACORN) and their CRA crap that pressured the banks to lend to these deadbeat scumbags.
What about the lenders who used preferred and fraudulent appraisers, in order to inflate the value of the home and reduce the LTV? What about lenders who would lie to ignorant borrowers, and create loan docs that borrowers could never understand and that exaggerated their income and assets? Folks like to blame the borrowers, but the lenders had no risk to lend, since the bad loans were sold off within a month.
you rock. thank you
This is good explnation but suprisingly even he doesnt know that bank DOESNT lend money from deposit
Money lend you and charge intrest on money that NEVER existed! Its pure virtual money based on earlier credit line. There is no better way to learn about it then from “Money as debt” which you can find on Youtube. After that you will KNOW what they did to you, no metter did you take a loan or didnt.
Thank you so much for this video. One thing I don’t understand is “refinance using the equity that would have built up in their home from the increased value.” What is refinancing and what is equity? Sorry for coming off dumb, but I’ve never owned a home so I’m not familiar with these terms!
so you want to punch the person behind the desk that is doing their job by the rules they are given. how about the dumbass that got into the mortgage knowing he/she couldnt really afford it…kinda like buying that fancy car with the $600 a month payment…you know u shouldnt do it but you just gotta have it after that testdrive.
Thanks for making the video.
I cant understand a damn thing about this stuff from CNBC or other news outlets
Please google Fix Housing First – simple solution to fix this problem.
Yep, yep…
But Bird and Fortune on YouTube did it better I think…
Ironic and funny at the same time.
That was very well articulated. I am currently undertaking a double degree of Commerce and Economics, and I think you did a wonderful job of getting right to the jugular, under all the jargon. Thanks!
what absolute claptrap
When I meet a banker I’m going to punch him in the sack. If it’s a women I’d punch her too. Yes she’s a women (barely human women) but there would be no situation on earth where punching a women would be more acceptable. I doubt you’d even get charged after you tell the copper she was a “banker”. Bankers – thanks for ruining the economy. Real bright.
thank u so much!
If low interest rates caused home prices to escalate, how come they aren’t escalating now? Rates are even lower than AG took them. Not so simple is it?
QUESTION: So what will get us out of this mess now? Do you think Congress is doing this right with the stimulus?
You must log in to post a comment.