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The Financial Crisis...Simplified


Hank (and Hank and Hank and Hank and Hank) give an extremely simplified account of how we got into such a terribly gigantic financial mess in America.

Channel: News & Politics
Author: vlogbrothers

Length: 04:01
Rating: 4.918593
Views: 167261

videohtml Click for Some Other Videos mortgage  financial  crisis  sub-prime  vlogbrothers  nerdfighters  

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Video Comments

ObamaWatch1212
Yes, which were part of the cavalcade of events that led to the crisis. Once people got away with MBS, they pushed the envelope further.The small banks were largely unaffected by this crisis. Only the big banks did all this shit.Doesn't mean the small banks are lending much. Credit is still largely frozen. Until it starts to thaw, we're not getting out of this recession anytime soon.
tristramshandy3
What do you know about derivatives trading and credit default swaps?
Starlot1
Haha, I just realized your calculator was also your telephone
xbogey22
what the freak is going on? lol
86rishabh
The unemployment rate is high. The income in employment is low. It therefore makes immense sense to try hands in freelancing.I recently joined EZDIA and I am able to offer my financial advices to my clients. Not a great money but few hundreddollars a month does not hurt.
LittelAERT
Hank! - you just did my exsam for me ... THANKS :DD DFTBA- not that VB ever will ^ ^
hummusbomb
awesome
timelordthetrain
Is that a lil Brudder T-Shirt I spy?
407buddy
Sorry folks, you have been had, peed on, scammed and lied to.WallStreet bailouts were rigged and a fraud, market manipulations,high freqency trading, flash orders, naked short selling by:Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.The Fed, Comex, ETF's, Govt data: frauds. Your labor devalued to Zero. Pull your money out, walk away from your mortgage and CC card debt, We can beat them at their own game, buy pure silver bullion,buy local mom and pop. Starve The Beast!
Lightning241
The only thing that would make it funnier would be to include AIG's Credit Default Swaps!We all seem to have forgotten that the very words mort and gage in French mean death gamble. If the borrower died first, the debt is due on death, which is usually what happens.Once in a while, the lenders all die enmasse, and the borrowers win the death gamble. Whats fair for the one is fair for the other. Just let the laws of economics take their course. My personal opinion? Let THEM die!


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