25 Responses to “Subprime US Banking Financial Crisis Explained Simply Part 2”

1. 

   psa100verse3 February 14th, 2009 at 11:54 pm

   With all the financial problems of our day, people should be beseeching God for His mercy and guidance. Just as He gave Noah 7 days to enter the ark (Gen 7:4,10), He has given mankind 7000 years from the flood to enter the safety of Christ (The Door) (2 Pet 3:8). The flood occurred in the year 4990BC. 7000 years from this date lands on 2011, the year this present world will be destroyed by fire (2 Pet 3:10-13). Anyone interested can click on my name and follow the weblink.

2. 

   vostev91 February 14th, 2009 at 11:54 pm

   dude you are a genuis, im doing an essay on the financial crisis and this helped me alot to understand better thanks 5 stars lol

3. 

   kanellla February 14th, 2009 at 11:54 pm

   You are the best:)!!!!Thanks for your lessons so much

4. 

   TadRapidly February 14th, 2009 at 11:54 pm

   So the Fed sets things up a certain way knowing that the greed of the bankers will eventually engineer their own demise and then JP Morgan (Fed) can go in and scoop up the remains at pennies on the dollar. is that about right?

5. 

   TadRapidly February 14th, 2009 at 11:54 pm

   There’s a lesson here, folks!: Don’t spend what you don’t have. If you don’t have enough, get more. If you can’t afford it, you don’t deserve it. If you think you deserve it anyway then you have been “brainwashed” by popular culture. Live simply, save instead of spend, count your blessings and you will experience a whole new paradigm of peace and plentitude.

6. 

   mannyfeseha February 14th, 2009 at 11:54 pm

   thehelpfund.blogspot

7. 

   MonsterIsrael February 14th, 2009 at 11:54 pm

   USA is tapping all phone violate privacy for business man, individual citizen lick lots of private talk among administration people. Business man should invest money on Europe not in USA, because all of your conversation in telephone and mobile known by Administration even your business policy. Be careful.

8. 

   cliffwalkinfool February 14th, 2009 at 11:54 pm

   U. I still think it was funny

   I. Hee, hee, hee, hee, hee, hee, hee, hee!

   = = =

   U. i’m sure david would think so too

   I. He’s too smart not to; that was my initial impression, which was my primary motive for writing it in the first place. However, in the sweat of the moment, when I noticed the quip was hidden (I was too much of a noob to know if it was his doing or from the six thumbs), I quickly dashed out an oblique apology on his home page, just to make it official: I meant no harm.

9. 

   FastMoneyTrader February 14th, 2009 at 11:54 pm

   i still think it was funny and i’m sure david would think so too..

10. 

    cliffwalkinfool February 14th, 2009 at 11:54 pm

    U. they took the rating off

    I. Interesting, ’cause I got six (count ‘em) thumbs down ratings on this one — enough that I need to click “Show” in order to see it on my own browser!!

    I must be getting rusty or something; they don’t laugh like they used to.

    Either that or I touched a raw nerve, here!!!

    Six thumbs downs!!! Haa ha ha ha ha ha ha haaaaaaa!

    Wheeeeeee!

11. 

    FastMoneyTrader February 14th, 2009 at 11:54 pm

    that was funny! lmao….i’d give you thumbs up but they took the rating off….keep up the good jokes….

12. 

    whythebailout February 14th, 2009 at 11:54 pm

    Again thank you so much for this non biased review.

13. 

    whythebailout February 14th, 2009 at 11:54 pm

    I gave you a negative, but it was kinda funny. Hopefully you were being funny and not making any allegations.

14. 

    cliffwalkinfool February 14th, 2009 at 11:54 pm

    Is there any reason you appear to be wearing a prison uniform in this video?

15. 

    hotboiuofm February 14th, 2009 at 11:54 pm

    I am curious to know how the banks’ combing all these pools relate to economic unrest? 700 bailout?

16. 

    DarkRiderFilms February 14th, 2009 at 11:54 pm

    Hey Guys! We dig ya video. Check out our first movie that we’ve posted, it’s on our profile. A 20 minute stonner comedy!

17. 

    pastorOFdisaster3 February 14th, 2009 at 11:54 pm

    Great explanation! I’d also check out the Financial Meltdown Rap song/video that’s on youtube.

    Just type in Financial Meltdown Rap

18. 

    wdflannery February 14th, 2009 at 11:54 pm

    Then, are different types of shares created, that relate to exposure to default loss. Is it really necessary to explain this? We just need to know the basics.

    So, then someone (Citibank) borrows short term to buy these mortgage backed securities. Do they pay a dividend? Where are they traded? Who collects the mortgages? Who pays the dividends?

    Please re-do. Break it way down. Avoid jargon. Explain the basic mechanism without frills, variations, etc.

    When do credit swaps come in?

19. 

    wdflannery February 14th, 2009 at 11:54 pm

    Way too complicated. Way too much jargon. Don’t give a poor explaination of something complicated and then say it’s not important. Keep it simple without extraneous stuff.

    So, they bank pools mortgages to created a mortgage backed security (MBS). Then is sells it? To whom? As an entity, or are shares sold?

    Who is responsible for collecting the mortgage payments for the mortgages in a MBS.

    Does an MBS pay a dividend? Who pays it?

    To be continued.

20. 

    brillur February 14th, 2009 at 11:54 pm

    Greed. Unregulated greed..

21. 

    followyourgut February 14th, 2009 at 11:54 pm

    Hey Dave, just a couple of questions..? Where exactly did the leverage occur? Did the financial institutions leveraged over the SIV´s?
    Thanks

22. 

    stevohorn February 14th, 2009 at 11:54 pm

    My explainantion..

    Ordinary folk being screwed over by fat cat financial “wizards” playing with other peoples money.

    As per friging normal!

23. 

    eeshanbc February 14th, 2009 at 11:54 pm

    Hi Dave, this an informative episode. However I would like to know whether, US Requires a Standard similar in the lines of SOX for Mortgage, aimed at borrowers alone? Will Fiqu Rating be suffice if Banks just follow them cursorily? In India the Market is regulated in a manner, which minimizes the chance of exposure towards such crisis. I also believe that the US Govt. should have stepped into the picture much before.

24. 

    Jeddawy20 February 14th, 2009 at 11:54 pm

    i got lots of quistions , what determin the fiqu score , and how u become cridet worthy ?

25. 

    okydarmaputra February 14th, 2009 at 11:54 pm

    Alright, that’s cool. A simple suggestion, I think it’d be better if you also explain the roles of insurance companies with their credit default swaps that jeopardized the financial system even more.thanks again