Sunday September 19, 2010 09:41
The Crisis of Credit Visualized – Part 1
Posted by Raymond as Credit
Watch the full version here: www.youtube.com The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com JonathanJarvis.com
Tags: credit, Crisis, Part, Visualized
15 Responses to The Crisis of Credit Visualized – Part 1
TheJackPicasso
September 19th, 2010 at 9:49 am
Please !! What software do you use to make such videos? If youtubers have an idea with what we can do this please tell me. Is it with After Effetcs ?
zerodragon2
September 19th, 2010 at 10:46 am
Thanks for fucking the world up the ass America.
leef0flife
September 19th, 2010 at 11:19 am
BRAKING NEWS– BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously and secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home. WAKE UP.!!
UdosTelevision
September 19th, 2010 at 11:24 am
@bodna03 you need adobe after effects + illustrator (or similar), skills and imagination.
bodna03
September 19th, 2010 at 12:10 pm
someone please tell me, how do you make an animated video like this one? not ones with cartoons and stuff but a flow of information like this, with a narration just to explain/simplify difficult-to-undersdtand topics. Please help!
AWesome61696
September 19th, 2010 at 12:14 pm
@TheTrevbrow it should be raised to 7 gradually. With such low rates today no one can save / invest their money saftley with a nice return. I still think it should be illegall for commercial (in this case mortgage) banks to sell these packages of mortgages to huge investment banks, whether glass-steagall permits this or not.
TheTrevbrow
September 19th, 2010 at 12:37 pm
@TheTrevbrow transferring the riskiness of those loans to individuals willing to take the risk for a premium. Also, raising interest rates to 7% would be retarded because average citizens would be deterred from lending and the whole system could collapse, especially in as fragile state as it is today
TheTrevbrow
September 19th, 2010 at 1:22 pm
@AWesome61696 no, the commercial banks sell loan pools to trusts who securitize the loans by turning them into mortgage backed bonds. bonds are sold to investment bankers. mortgage backed securities were traded before the repeal of glass-stegal, back to the investment banking boom of the ’80s. Glass Stegal gave birth to modern investment banking, by separating the commercial bank from the direct ability to invest. By selling the mbs’s to trusts, commercial banks are not speculating but rather
newbusinessresources
September 19th, 2010 at 2:21 pm
It is being predicted that rates will stay in the 4 percent range at least through 2012. And whether the Glass-Steagall Act will be re-instituted in the state it was back in the 30s or not will be interesting to see. However, blaming the Internet on any dot com bubble burst is unfair. That is the same thing as blaming a legal gun used to kill someone or blaming a legal patented drug that someone used for suicide. There is a thing called fiduciary responsibility that is lacking due to greed.
AWesome61696
September 19th, 2010 at 3:21 pm
When watching this video, everyone should also understand that the Glass-Stegall Act (which regulated banking from 1933 to 1999) made it illegal to intertwine investment with commercial banking. So at 4:18, take note, the Glass-Steagall Act would have prevented the mortgage lender from selling the mortgage to the investment banker. That would have prevented the whole crisis right there.
What the US should do now:
1.) raise interest rates to 7%
2.) put the glass-steagall act back into effect.
AWesome61696
September 19th, 2010 at 3:33 pm
When watching this video, everyone should also understand that the Glass-Stegall Act (which regulated baking from 1933 to 1999) made it illegal to intertwine investment with commercial banking. So at 4:18, take note, the Glass-Steagall Act would have prevented the mortgage lender from selling the mortgage to the investment banker. That would have prevented the whole crisis right there.
What the US should do now:
1.) raise interest rates to 7%
2.) put the glass-steagall act back into effect.
ZombieX13
September 19th, 2010 at 4:15 pm
@degree7 Yes, the government created the dotcom bubble too the same way they created the housing bubble.
degree7
September 19th, 2010 at 4:30 pm
@ZombieX13
Then the INTERNET IS TO BLAME because of the Dot come Bubble Burst!!!!
It all traces back to the U.S. Military creating the Internet in the first place! Bastards!
KenMacMillan
September 19th, 2010 at 4:56 pm
Keen Debunking Economics Oxford 2011 Monbiot Seminar
watch?v=YoaUTpr2SNo
Roy48
September 19th, 2010 at 5:35 pm
this is awesome! thanks for posting.