Financial Crisis Explained: Subprime Mortgage

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Here’s the first episode.

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    There Are 25 Responses So Far. »

    1. Comment by MrWjd5070 on 3 December 2010:

      I would like to second this comment. I am one year later than tophers in the exact same situation…a senior at Penn State. I learned more about the subprime mortgage crisis in 7 minutes and 44 seconds than I have all semester, or year, or longer. I’m not paying 20k a year but not far off and I want to cry now. I am going to download the This American Life podcast immediately. Thank you!

    2. Comment by cMaXeJIJIo on 3 December 2010:

      Amazing! The “Scrooge want more” monster is just THE best lol xD

    3. Comment by bajaninthesun on 3 December 2010:

      @bumzurvaj
      I’m sure that’s what Scrooge is….lol

    4. Comment by iheartdrseuss on 3 December 2010:

      who’s scrooge mc.duck in reality? :/

    5. Comment by Lunadrako on 3 December 2010:

      I’m doing a 1000 word, six graphs, six citations, two sources, explaining bout the Economic Meltdown, and have to explain Federal Reserve, monetary Policy, intrest rates, ARM, Sub prime, mortgage back securities, inflation, deflation, selling and buying securities, finacial giants. ANd ur video is helping meh with the Sub prime, thank ya!

    6. Comment by junaidkhan2010 on 3 December 2010:

      thanks very useful

    7. Comment by catrock123 on 3 December 2010:

      @bumzurvaj hahaha

    8. Comment by bumzurvaj on 3 December 2010:

      This video fails to adress one key, and possibly most critical variable: THE JEWS.

    9. Comment by TheDalien on 3 December 2010:

      In a society in which money has become the one and only measure of ALL things,
      corruption will became the? only lived religion!

    10. Comment by MrThatniggafred on 3 December 2010:

      “what do u think about credit unions? are credit unions better than banks?? i want to close my account with bank of america schwab and vanguard but i need a place to put my money

    11. Comment by tiffaniekyra on 3 December 2010:

      thank you for making it even possible to start on my research assignment. THANK YOU.

    12. Comment by ctcassidy on 3 December 2010:

      Thanks for this–I will be using it in my Consumer Education classes!

    13. Comment by DullardGuy on 3 December 2010:

      @111chicity Data? So maybe your not full of shit…and perhaps would quote your source rather than post a dog shit response!

    14. Comment by jungirliez on 3 December 2010:

      thank you so much! love this!!

    15. Comment by 111chicity on 3 December 2010:

      @DullardGuy It actually was successful its just when deregulation started where all these banks started to lend to anyone then that’s when the problems started. Data actually shows that about 15% of CRA approved banks lent sub prime mortgages.So anyone with logic would be able to see CRA didn’t cause this crisis. Maybe your not stupid but just uninformed so hope this helps.

    16. Comment by digital0707neo on 3 December 2010:

      So was it Scrooge McDuck who screwed us, or was it Alan Greenspan?

    17. Comment by Fluessigseife on 3 December 2010:

      love it!

    18. Comment by ssae5 on 3 December 2010:

      good video! nicely explained, good job!

    19. Comment by ssae5 on 3 December 2010:

      good video! nicely explained, good job!

    20. Comment by DullardGuy on 3 December 2010:

      @kettefu Very true! CRA targetted the low income, moderate income demographic. If subprime credit card loans failed …gee. who would have thought subprime lending of mortgages would have been hugely successful!

    21. Comment by Donnie2020 on 4 December 2010:

      you were right right up until the end the you over generalised and over simplified

    22. Comment by Donnie2020 on 4 December 2010:

      dude how many friggin times do you want to say scrooge? bloody hell!

    23. Comment by GoodTimeTraveler on 4 December 2010:

      6:32 seems like an oversimplification, without exact or even general details.

      Truth. If lenders stuck with 65-75% ltv – as they do in Canada for instance – instead of the 80 or 90%+ ltv the fallout woud have been alot less and losses – even among foresclosures – would have been manageable.

    24. Comment by dentedup on 4 December 2010:

      I love how Alan Greenspan has six fingers…

    25. Comment by kettefu on 4 December 2010:

      Not surprisingly, this video ignores the Community Reinvestmen Act (Sounds sweet, doesn’t it?) and it’s cause of the banks being forced to make bad loans.

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