February 24th, 2009
The Credit Crisis
» Posted in Uncategorized at 10:02 am by Thomas
I’ve had a general idea of what caused the current credit disaster we’re in, but I didn’t really know too much about the details, or how things really played out.
I knew it was basically all tied to Sub-Prime mortgages, and all the people defaulting on their payments, but I didn’t realize all the other details about how this particular trend (these types of mortgages being handed out left & right) came about.
I came across this video & it spells things out pretty plainly (& visually).
Enjoy!
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Date posted: Tuesday, February 24th, 2009 10:02 AM | Under category: Uncategorized
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Date posted: Tuesday, February 24th, 2009 10:02 AM | Under category: Uncategorized
RSS 2.0 | You can skip to the end and leave a response. Pinging is currently not allowed.
That was great. I especially enjoyed the sub-prime family.
I do understand everything but, I sure understand more than I did. Thank-you for the visual, I always need that along with verbal &/ or hands on.
Bravo, very good. :>)
I meant to say I do NOT understand everything…