Banks Money Debt Credit A Simple Explanation
Written by admin on August 27, 2010 – 4:18 pm -
Credit crisis explained simply and effectively but not including contributing factors such as personal responsibility, greed, and crooked politicians.
Tags: Animation, Banks, Brokers, Credit, Crisis, debt, foreclosure, Just, Money, Mortgages, PRETEXT, prime
Posted in Sub-Prime | 20 Comments »
By fusiondp on May 27, 2010 | Reply
The one thing this is missing is the part where Barney Frank (with pressure from ACORN) put in regulations that REQUIRED banks to loan to people they absolutely knew could not afford the house they were buying.
Quite often people who had no business getting a home loan got one due to the politically correct policies that were put in place by Frank.
By palht on May 27, 2010 | Reply
Great video! It shed light on the problem; now I understood the crisis more.
By shmayy on May 27, 2010 | Reply
great video
By adriandrum on May 27, 2010 | Reply
awesome video, thanks!
By resolveitall on May 27, 2010 | Reply
just as we currently allow. a replaying cycle of acceptance of an abusive, unsupportive money system. each one is required to take responsibility for this current allowance. equal money will be an actualization of support for every person born into this world.
By GenghisSeanMonster on May 27, 2010 | Reply
This is a great video.. wow. Very crystal clear.
By MatthewSforcina on May 27, 2010 | Reply
Fantastic, explained so simply and effectively, thank you so much… we need to take personal responsibility for our money system.
By overidonTV on May 27, 2010 | Reply
excellent video. 10 minutes well spent. thank you for sharing this. I learned a ton!
By prabin632 on May 27, 2010 | Reply
Awesome and very informative!!!
By Wolfje777 on May 27, 2010 | Reply
is it greed ? But of who?
By aparach on May 27, 2010 | Reply
i agree with you.. money is the root of all evil…
By ArgPanchito on May 27, 2010 | Reply
Note the key bit at the beginning where they artificially modify rates even further. More emphasis should be put on statist intervention.
By fluffyiscool009 on May 27, 2010 | Reply
money is a powerful thing
By NothingSoStrange on May 28, 2010 | Reply
Simply BRILLIANT !!
By epujadik on May 28, 2010 | Reply
its all because of GREED for money of some people who believed that money is their heaven… now money becomes their hell instead. hope these people stay there forever.
By wie11benjij on May 28, 2010 | Reply
amazing video
By leonski35 on May 28, 2010 | Reply
in a nut shell,GREED,some people cannot help themselve’s,everyone is out to screw the nxt person (sweeping genaralisation of course!)and in a cash based society people are corrupted by and led by their OWN selfish greedy action’s,personaly i understand how damaging money can be and this makes me responsible for my actions when using money,in fact if i had the choice then i would prefer a resource based econemy,chk jack fresco on self sustaining societies,we have to take responsibility more.
By noworldorder555 on May 28, 2010 | Reply
The fact is they’re a bunch of thieving bastards who are addicted to gambling. How dare they assume the right to use other peoples money to line their own pockets and live the high life!? Low Life’s!!!
I’d send them ALL to Boot Camp… Governments too for playing their part in this ‘Smash & Grab’. Hang them or burn their Banks down to the Ground!!!
“When you have NOTHING to loss you have EVERYTHING to gain”. Seems that’s where we’re heading. Here’s hoping justice is served in abundance.
By DQuale on May 28, 2010 | Reply
GOOD VIDEO
By vegaofusa on May 28, 2010 | Reply
thank you, just a great video