The Crisis of Credit - Visualized

It is more complicated than just executive taxation, corporate greed, and capitalism although these three things have helped to create the situation. First,Congress,F annie Mae,Freddie Mac and the previous adminstration wanted EVERYONE in a home. Can we say "re-elect me, please" Next, The Fed Reserve is not blameless. They made money too easy to get, which keeps the investment value of Gov't Securities down. And then there are mortgage companies which share in the blame also. They couldn't wait to complete more loans to homeowners that could never pay them back. Finally homeowners, many chose a home that was out of their budget range. Where does personal responsibility factor into the choice to lock-up 50% or more of you gross income into a house payment? How were they going to pay their other expenses? The system is not idiot proof(should it be?)and there are still financial predators that can create havoc. We ALL need to learn from this. If it is too good to

Is there someone who can translate this in dutch for me ?

Is there someone who can translate it in Dutch ?

(Part II) Sub-prime loans would have never been “needed” to generate more mortgages had the middle class wages (and minimum wages) kept up with productivity increases inside corporations and the CEO’s and other executives been capped on compensation and taxed at the rates of the 50’s to 70’s (90-70% tax rate for the top 1% which currently owns over 40% of the wealth in the US). I am always somewhat annoyed when people want to blame just the banks and investors for their greed, but can’t seem to see that the banks and investors only took advantage of a middle class primed after 30 years of corporate greed and constantly more uneven pay that has hurt the middle and lower class for so long now.

Excellent explanation of the (should be) criminal actions of the rich in America, as well the very dull ideas of the “free market” capitalistic ideas (AKA no regulations) of the last 30 years. The only thing missing here is that when the video gets to the part where banks are loaning to “families they shouldn’t have” to make more mortgages to package up, there is no mention of the fact that the last 30 years of Reagan economics (the trickle down theory of the rich getting tax breaks which just made them more wealthy at the expense of the massive middle class) is what caused all of those families to not be able to qualify for proper loans anymore.

I FINALLY UNDERSTAND!!!

Brilliant!