Financial Crisis Explained: Subprime Mortgage

Here's the first episode.

[omsktrivium]

Man, you nailed it. Now the puzzles in my head are complete. Thanks a lot))
Greetings from Russia))

[HatRatt]

This was a GREAT video! A very simplified explaination for a started and now I can go elsewhere to find more details. I started with the others but they were too detailed and confusing and now this really, really helps! Thanks much!! Very well done.

[DRUNKandSKATE]

Thank you very much! This was a great explanation of subprime mortgages, and helped me a lot for my Extended Essay!
You are my hero!

[yoch]

yum yum yum mortgages - you are great Jonathan and I like the unbuttoned sleeves flopping around - sort of relaxes the whole presentation somehow.

[ninjapimp]

Good job, you took a hour long radio program and put it into a 7 min 44 second fun presentation. The best part is it has puppets!! great job again

[MrWjd]

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!

[tiffaniekyra]

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

[catt]

This is very funny and very good, I can get my best friend to watch it and understand. God know's me telling him didn't work. Good job man.

[ctcassidy]

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

[abdulazizhj]

Excellent video. Amazing how you simplified the idea in a very interesting story.

[nel]

Excellent Video.. yes the information is correct. Quite a funny video too..

[Lunadrako]

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!

[Sam]

I like how you omit the special interest rates created by the federal reserve, also freddie and fannie's involvement which stimulated the incentive for subprime lending.
Nice omission, which supports the idea that the "greedy bankers" caused this crisis, when in reality the government meddling in the lending sector did. The government was motivated to create a system where poor people would be able to afford houses that normally they couldn't, that was their original intention from day 1

[keviokevio]

Hah I'm writing an essay on this YAY THIS WAS USEFUL!

[sweetrosh]

thanx..this video helped me loads...got an inclass assesment and was wondering what the hell was this was about...thanx...cheers!it gonna help me alot!

[Theecstaticyogi]

My econ professors went over this a little differently.The investors, or "scrooge" was lied to about what they were investing their money in.The government under the Community Reinvestment Act, essentially forced banks to give mortgages to people that couldn't afford them.Mortgage brokers get incentives based on how many people they give mortgages to so they were giving mortgages to everyone, unchecked and w/o restraint.Then bad mortgages were pooled with good mortgages and sold as if they were

[jaron-craighunter]

cueuing up part 2, how will this one be explained?

[Sunnygrrl]

TOO MANY FINGERS ON ALAN GREENSPAN. That was creepy. This video does a great job of helping make sense of things though, and I enjoyed it.

[sisforshayla]

funny costume! hehe. & thanks for the vid, i'm gonna check out that website! :)

[Lunadrako]

THis helped me understand more and pass on that stupid term paper in econ class, :D thanks man!