Premiere Mortgage Services Inc. - Dana Bain

Burning Down The House What Caused Our Economic Crisis Bombshell

April 28th, 2011 7:26 PM by Dana Bain

Burning Down The House: What Caused Our Economic Crisis? Bombshell

2,117,863 Views as of 4/28/2011

http://www.youtube.com/watch?v=1RZVw3no2A4

This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives.

 

Posted in:General
Posted by Dana Bain on April 28th, 2011 7:26 PM

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