Search:

fx online trading Trading tutorial dailyfx fxcm currency trading tutorial forex tutorial cad tutorial currency trading forex charts USD forex trading AUD EUR JPY Kiwi Aussie Euro Make money

2007: The subprime meltdown


 

Cartoons clips
Cartoons clips Cartoons clips
Cartoons clips

Dec. 26 - After years of massive credit expansion, the debt industry snapped -- taking down major Wall Street figures and hitting corporations with initial loss estimates in the tens of billions. Investors from Wall St to Main St. were left wondering how it all happened. In the prior six years interest rates were historically low and the housing market was booming. The home mortgage industry doled out loans to subprime or more risky borrowers. Loans with loose terms like no-money down or incredibly low teaser rates. Jeanne Yurman reports.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ReutersVideo

Length: 03:34
Rating: 5.00
Views: 11345

Tags: business_GF  loans  mortgage  Reuters  subprime  

Video Url:


Embed Code:

Video Comments

sricharanmaddineni (November 30, 1999 at 12:00 am)
chief executive officer u dumbass
jjblackfriday (November 30, 1999 at 12:00 am)
What do the letters C.E.O stand for? Criminal Enterprise Organizer
ubornthick (November 30, 1999 at 12:00 am)
seigheil,you should not have bought into the strategicaly hyped investment tranches that turned up in your pans while you were prospecting Black people if anything were the final potential victims of the biggest ponzi scheme run by whiter than white subprimesscysts in human history ,but they are walking away leaving their ninjAAA's behind them and had the last laugh on those that wanted to turn them into mortgage slaves and reposess their houses as they failed .
plenty2say (November 30, 1999 at 12:00 am)
Hitler's great grandparents were Jews. That nazi shit is getting old. Go to the bookstore and read about Hitler. Have some matza ball soup while you're at it YOU IDIOT!
plenty2say (November 30, 1999 at 12:00 am)
There's more white people on welfare than any other group. If white people were good with money there wouldn't be so many trailer parks. By the way, Hitler's great grandmother WAS A JEW. Your probably one of those dumb wannabe-nazi kids who didn't read some of the new info on Hitler. You need to stop by a bookstore before you make a fool of yourself again.
serge40t (November 30, 1999 at 12:00 am)
It would be bad in sense that companies and investments that grew under easy credit and money but wouldn't have under normal market conditions would finally be purged. That's not necessarily a bad thing. Think of it like an enema...it may not be pretty but it makes you stronger in the "end".
andyheretic (November 30, 1999 at 12:00 am)
I live in tent city, it's all fine and dandy (sheet, rhymes!)
ubornthick (November 30, 1999 at 12:00 am)
Empoorer Thats true, subprime papers for everyone on a roll. Wether they liquidated their assets or sat on their AAA'S TO LONG ,the chain of events was inescapable for prospectors using the wrong pan whilst searching for gold in them there ills
EmperorKagato (November 30, 1999 at 12:00 am)
WE MUST CLEANSE OURSELVES!
benoitcaron (November 30, 1999 at 12:00 am)
everyone invested in the market should see this video, and REMEMBER what chain of events led to this situation. And now, to think that we're only one third into the mortgage resets that will peak in spring 2008....ouch!

fx online trading © 2007 All Rights Reserved.


eXTReMe Tracker