The Crisis of Credit – by Jonathan Jarvis
Education May 1st, 2010RIBI4230 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!
May 3rd, 2010 at 11:22 am
I think ACORN – America’s Corrupt Organization Remove Now
May 6th, 2010 at 3:08 am
Excellent video, but I have a question. He said many families paying for a house that was losing value just stop paying and left the houses for a cheaper one. How that can happen ?, I mean, they wouldn’t have problems with credit score later to buy the next house or something else?. Is just that easy ?
May 8th, 2010 at 7:36 am
Wow! I’m turning into someone whom is interested in economy!! :O
The most boring subject ever has completely transformed!
May 10th, 2010 at 4:38 am
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
May 10th, 2010 at 3:00 pm
yeah. try telling that to fox, murdoch, or any other media giant.
May 12th, 2010 at 6:57 pm
I think ooh I thought it had more to do with Credit card loans:)
May 15th, 2010 at 10:31 pm
I think The video implies that the credit crisis was a result of greed.
May 16th, 2010 at 12:15 am
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.
May 17th, 2010 at 8:04 pm
I think Amazing video! Really easy to understand!
May 21st, 2010 at 2:10 am
I think i has seen teh light nao!
May 21st, 2010 at 10:19 pm
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?
May 25th, 2010 at 4:55 am
thank you for explaining it so clearly
May 25th, 2010 at 4:25 pm
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.
May 27th, 2010 at 4:53 am
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.
May 27th, 2010 at 12:34 pm
thanks stuff like this we should see on tv god damn it
May 27th, 2010 at 5:13 pm
I don’t think so. The video says it started when brokers began giving mortgages to sub-prime mortgages.
May 31st, 2010 at 2:14 am
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
June 1st, 2010 at 11:55 am
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.
June 4th, 2010 at 10:42 pm
Well made, never have I been able to truely grasp the concept due to its wide scope. This video is extremely insightful.
June 9th, 2010 at 1:18 am
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” ?
June 9th, 2010 at 4:27 am
good stuff, i like the animations
June 9th, 2010 at 7:36 pm
Maybe I missed something, but it seems like a lot of this started because Greenspan lowered interest rates — i.e. regulation.
June 11th, 2010 at 5:18 am
Excellent video!
June 11th, 2010 at 1:56 pm
Thank you very much, now I understand what the news is talking about!