The 2008 Crisis explained in 5 minutes
The economists who predicted the 2008 financial crisis recently predicted that another crisis is on its way. That should scare you, and it should also inspire you to look into the 2008 crisis. This video explains how predictable that crisis really was. It was rooted in bad mortgage assets, called “toxic” at the time, which were then traded and insured. Insiders made a ton of money by selling these mortgages, so no one thought to ask what might happen if they gave mortgages to people who couldn’t afford them.
Full story at YouTube.
More educational vids.Posted by Josh Urich