Subprime Credit Crisis Explained- Get the Facts
What is Credit Crunch(also known as a Credit Squeeze or Credit Crisis)?
Do you need a MBA to understand this Modern Man Made Financial Disaster?
Ever Wonder HOW Banks make Tons of Money Using LEVERAGE?
Stand Up if you Don’t Quite understand this World Financial Crisis!
Picture from Politicalcartoons.com
The Mortgage Meltdown of 2007 refers to the Massive Chain-reaction now unfolding in the World financial world as a result of years of high risk Home Mortgage Lending.
The result has lead to a massive tightening of lending standards for consumers, collapse financial institution and a global credit crisis for banks and their investors.
It has been going on for more than a years now, and many people probably feel as if they should understand it. But they don’t, not really.
Have you Ever wonder How the Mortgage Mess has had such a Massive Ripple Effects?
- People are losing their jobs
- Companies are being shut down
- Collapse of Bear Stearns
- Government Bail Out(National Service)
Overall the economies are experiencing a downfall
This video Explain Subprime Credit Crisis that Everybody Can Understand.
Jonathan Jarvis has done a Good Job in presenting a complex topic in a simple,easy to digest and Excellent in visual Mode!
Watch it with your Family especially with your kids!
“Your future is created by what you do today, not tomorrow”-Robert T.Kiyosaki
Plant the financial Literacy seed to your children early.
It Well worth the 11 minutes!
Enjoy it! 🙂