The Causes and Effects of the Financial Crisis 2008

The Causes and Effects of the Financial Crisis 2008

22 thoughts on “The Causes and Effects of the Financial Crisis 2008

  1. Debt shouldn't feel like a game of musical chairs where the person without a chair when the music stops is treated like a scapegoat

  2. Hey Financial guys. I'm a high-school dropout. Don't worry, I don't own a home. You're safe. Anyway, I really wish to understand the 2008 financial crisis. I was personally affected by it and lost my then job. According to this video it appears to me that the problem was Leverage. If the Leverage had not been so high then the crisis would not have been as bad? That is a question. I do not know and why I'm asking. Is that about right?

  3. Here's another simpler explanation. The ticking bomb is "GREED" The asset evaluation and paper money is valued base on human "GREED". The 7 deadly sins is what driving the global economic cogs spinning. Each of the sins is anti/opposite reaction of another.😁😁😁

  4. Banks/ mortgage brokers are crooks srsly what they did was pretty much fraud no? They crashed the whole American Economy with this cash grab

  5. In sum there were two distinct elements in the monetary policy errors of 2003-8. First, there was intense monetary inflation — and then a powerful reining back of this — which was so rigid as to totally become out of line with the development of the business cycle. These failures of monetary policy remained hidden it seems from mainstream critiques and the political process. There were some exceptions, including Senator Bunning’s famous attack while when voting against Bernanke's re-nomination as Fed Chair by President in 2009: “you are the definition of moral hazard.”

    (For the full explanation look in the reply section)

  6. All because already rich men just HAD to get even richer to assuage their self-esteem issues. Nice.

  7. So basically you lose your house due to the fact that money ran out cause everyone was being greedy as hell

  8. Very well explained!!!
    But, they seems to forget the mess created by the govt. It was Bush who to fulfill every Americans dream 'To own a house' eliminated prime mortgage to sub-prime mortgage , no down payment & no screening & monitoring of the lenders which actually led the banks to take bad credit risk and thereby most of them defaulted.

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