- published: 14 Dec 2008
- views: 88987
Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929. But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace. Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people...
Watch the full-length program at Inside the Meltdown, watch online or on air . Watch the full-length program at Buy the DVD at . PBS America | Sky 534 | Virgin Media 243 | pbsamerica.co.uk This documentary investigates the causes of the worst financial crisis in 70 years and how the US . Watch the full-length program at Buy the DVD at .
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline htt...
What will be the global fallout of the US subprime mortgage crisis? How can unscrupulous mortgage brokers in America send world stock markets into a spin? 'We examine how our interconnected finance systems left the world vulnerable to recession and worse. Watch the Full film on Journeyman: http://jman.tv/film/2556/Mortgage+Meltdown Or for downloads and more information: http://www.journeyman.tv/?lid=57596 What will be the global fallout of the US subprime mortgage crisis? How can unscrupulous mortgage brokers in America send world stock markets into a spin? 'Mortgage Meltdown' examines how our interconnected finance systems left the world vulnerable to a global credit crunch. It traces the current crisis to the fallout from September 11, hearing from the families now facing destitution...
A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages. About the book: https://www.amazon.com/gp/product/0990976300/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990976300&linkCode=as2&tag=tra0c7-20&linkId=59d18b8225ed6599b8b8050a523b67cc The mortgages are sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. The mortgages of an MBS may be residential or commercial, depending on whether it is an Agency MBS or a Non-Agency MBS; in the United States they may be issued by structures set up by government-sponsored enterprises like Fannie Mae or Freddie Mac, or they can be "private-label", issued by struc...
Desperate Households (2008): How Wall Street's mistakes are being paid for by homeowners. For similar stories, see: Has Wall Street Created Another Housing Crisis? https://www.youtube.com/watch?v=7V1IMBzH2J8 The Financial Crisis Is Forcing America To Redefine Their Values https://www.youtube.com/watch?v=Em02NgDczT4 The Small Norwegian Town Struggling to Cope After the Global Financial Crisis https://www.youtube.com/watch?v=IqtB4nvgpcs Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/4044 Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow ...
Using RSAnimate technique, provides illustration and explanation of the causes that contributed to the subprime mortgage housing crisis of 2008/2009
Capitalism: Success, Crisis and Reform (PLSC 270) Professor Rae discusses the subprime mortgage crisis. Major actors are presented and analyzed, including homebuyers, brokers, appraisers, lenders, i-banks, and rating and government agencies. Major actors' incentives and risks are assessed. Professor Rae also presents a brief history of government involvement in mortgage markets. Deregulation of the industry and its consequences are explored, and Professor Rae facilitates a discussion on apportioning blame for the collapse of the U.S. housing market. Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Fall 2009.
Can you simply walk away from your upside down mortgage?
I received an email back in February, 2008. Attached was an anonymous power point explaining (what we thought at the time) was only the mortgage meltdown. This mortgage meltdown led to the current financial crisis. I have taken this power point (cleaned up some of the language) and added the music of Pink Floyd's Money. Stick figures work their way through the tangled web of the mortgage process. They start with the home buyer and go all the way to where we find ourselves today. They take the complicated and make it simple. Please enjoy and post any comments.
Whistleblowers Richard Bowen and Michael Winston, along with UMKC's Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today's high foreclosure rates in states like Nevada could be a sign of what's to come
This is an excerpt from the 10-17-08 20-20 broadcast about government interference in people's lives. This segment discusses the cause of the mortgage meltdown, and what to do about it.
Here's the first episode.
This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal. Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBCand BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journ...
Michael W. Hudson, a 1985 Washington and Lee graduate and award-winning journalist, addressed the mortgage meltdown in a talk sponsored by the department of journalism and the Donald W. Reynolds Foundation on Nov. 8, 2010, at Washington and Lee University.
A snapshot of the mortgage industry
Welcome and Opening Remarks Stuart Gabriel, UCLA John Quigley, UC Berkeley The Policy Maker's Perspective on the Financial Meltdown and the Economy Janet Yellen, Federal Reserve Bank of San Francisco Stuart Gabriel, UCLA, Moderator The Future of the Housing Finance System Nancy Wallace, UC Berkeley, Moderator Panelists: Brad Blackwell, Wells Fargo Bank John Krainer, Federal Reserve Bank of San Francisco Paul Leonard, Center for Responsible Lending Paul Jablansky, 400 Capital Management LLC http://urbanpolicy.berkeley.edu/mortgagemeltdown.htm
Strong economy growth caused the housing bubble and set up the foundations for the future crisis. In 2007 low interest rates and large inflows of foreign funds created easy credit conditions as the United States entered a subprime mortgage crisis. Read more on http://www.crisiswatch.net/economy/SubprimeMortgageCrisisCauses.html
review.chicagobooth.edu | In the wake of the 2007–10 financial crisis, the US federal government created new regulations concerning the behavior of banks. But Chicago Booth's Eugene F. Fama says that the government itself played a significant role in creating the crisis by insuring risky loans in the hopes of boosting home ownership.