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The Crisis of Credit Visualized (Why we are in this mess in the first place)
Fixed Link ^

Posted on 07/16/2010 6:58:53 PM PDT by jongaltsr

Really simple (and may I say - accurate) Easy for EVERYONE to understand - no matter your background, experience and IQ.


TOPICS:
KEYWORDS: bankruptcy; banks; credit; mortgage

1 posted on 07/16/2010 6:58:54 PM PDT by jongaltsr
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To: jongaltsr

click on the “RED” stumbleupon.com text at top for video.


2 posted on 07/16/2010 7:00:20 PM PDT by jongaltsr (It)
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To: jongaltsr

Sorry, that did not work.
Try this (http://video.stumbleupon.com/#p=vj35jx9cl)
If anyone knows the HTML to post this site video, please let me know.
Thanks


3 posted on 07/16/2010 7:03:02 PM PDT by jongaltsr (It)
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To: jongaltsr

A bit confused. The video was about a thief trying to get out of the door. How do I find that again? It just shifted to a different video.


4 posted on 07/16/2010 7:04:54 PM PDT by svcw (True freedom cannot be granted by any man or government, only by Christ.)
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To: jongaltsr

Sorry that didn’t work either.
I have no problem posting sites like this on Facebook but Free Republic doesn’t have the same HTML code.


5 posted on 07/16/2010 7:06:46 PM PDT by jongaltsr (It)
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To: jongaltsr

Linky no worky for me. What is the name and I’ll search YouTube.


6 posted on 07/16/2010 7:07:16 PM PDT by mnehring
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To: jongaltsr

big old LOL on that one.


7 posted on 07/16/2010 7:07:58 PM PDT by dalebert
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To: jongaltsr
The Crisis of Credit Visualized [2009][Greek subtitle] from koulis_pet on Vimeo.
8 posted on 07/16/2010 7:09:20 PM PDT by jongaltsr (It)
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To: jongaltsr

It worked fine for me.


9 posted on 07/16/2010 7:10:40 PM PDT by BARLF
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To: jongaltsr

Better luck on your next post.


10 posted on 07/16/2010 7:10:50 PM PDT by Misterioso (The truth is not for all men, but only for those who seek it. -- Ayn Rand)
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To: mnehring

try the site posted just two down from your response.
Got it to work.


11 posted on 07/16/2010 7:11:37 PM PDT by jongaltsr (It)
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To: Misterioso

go back and read post 8. Got it to work.


12 posted on 07/16/2010 7:12:49 PM PDT by jongaltsr (It)
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To: jongaltsr

If you’re redirecting from youtube the post the youtube link.


13 posted on 07/16/2010 7:15:46 PM PDT by Larry Lucido (You can evade reality, but you cannot evade the consequences of evading reality. ~Ayn Rand)
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To: jongaltsr

Watching now, thanks


14 posted on 07/16/2010 7:17:00 PM PDT by mnehring
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To: jongaltsr

And search to see if its been posted before on FR.


15 posted on 07/16/2010 7:17:18 PM PDT by Larry Lucido (You can evade reality, but you cannot evade the consequences of evading reality. ~Ayn Rand)
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To: jongaltsr

Marking for later


16 posted on 07/16/2010 7:33:02 PM PDT by MarMema
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To: jongaltsr

Didn’t they leave out all of the government involvement in the system. Like 1/2 of all the defaults were from fannie mae and freedy mac? Didn’t banks get special tax breaks from the government for these sub prime loans?


17 posted on 07/16/2010 7:41:52 PM PDT by grapeape (Don't rally around BP. They are endagering the rest of the oil industry.)
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To: jongaltsr

My 16 yo niece will understand this.

Thanx


18 posted on 07/16/2010 7:50:59 PM PDT by Cyber Ninja (Rebuke, Renounce, Repeal, Repeat,...)
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To: grapeape
Didn’t they leave out all of the government involvement in the system. Like 1/2 of all the defaults were from fannie mae and freedy mac? Didn’t banks get special tax breaks from the government for these sub prime loans?

What do you mean? The Government was involved somehow?
Just because they demanded that a large quota of sub loan packages were demanded by Barney Franks (et al) had nothing to do with the market crash. We ALL know it was just those greedy bankers that caused the problem.

At least that is the "story" congress (not a capital "C") is sticking to......
19 posted on 07/16/2010 8:52:39 PM PDT by jongaltsr (It)
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To: jongaltsr

Heck, just go to youtube and search “crisis of credit”. It’s all over the place there.


20 posted on 07/16/2010 8:56:10 PM PDT by RobRoy (The US Today: Revelation 18:4)
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To: jongaltsr

Forget that video. You want a real eye opener? And I mean a truly life changing event?

Watch the video here: http://www.chrismartenson.com/

Click on “Crash course” on the left side of the screen.

It’s actually a series of short videos.

It just may be the most important thing you have seen your entire life. I’m dead serious.


21 posted on 07/16/2010 10:30:24 PM PDT by RobRoy (The US Today: Revelation 18:4)
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To: RobRoy

bfl Thanx RR


22 posted on 07/17/2010 8:27:55 AM PDT by Blue Collar Christian (A "tea bagger"? Say it to my face. ><BCC>)
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To: jongaltsr

Ok, cool. So there was a quota system. Didn’t the banks suffer if they didn’t meet those quotas? How did the government hurt them?


23 posted on 07/17/2010 10:52:52 PM PDT by grapeape (Don't rally around BP. They are endagering the rest of the oil industry.)
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To: grapeape
"Ok, cool. So there was a quota system. Didn’t the banks suffer if they didn’t meet those quotas? How did the government hurt them?>
The government regulates ALL banks. They make the rules and the Banks have to comply. The banks provided the loans and benefited in the short term even if they knew in their mind of minds that this was wrong to lend to high risk borrowers. A few loans (ok) but not as many as congress kept pushing for (They were aiming for 70% home ownership I believe - or something close to that).
So the banks made the loans and for a (very) short term they made good money, then the $hit hit the fan. I know there were thousands upon thousands of bankers who swallowed hard and said - "I knew we shouldn't have made all those risky loans". but it was to late to do much more than update their resumes.

24 posted on 07/18/2010 10:58:59 AM PDT by jongaltsr (It)
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To: jongaltsr

Ok, if a bank decided not to lend money to someone what would the federal government do to the bank? How would the federal govenrment even know about the no-loan?


25 posted on 07/18/2010 7:32:00 PM PDT by grapeape (Don't rally around BP. They are endagering the rest of the oil industry.)
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To: jongaltsr

bump


26 posted on 07/18/2010 7:34:10 PM PDT by WashingtonSource
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