The credit crisis explained (short video)

CEO · 03-07-2009, 09:00 AM

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

naijadiva01 · 03-08-2009, 04:10 AM

John Galt · 03-08-2009, 06:24 AM

CEO props on the video.

Very nice and elementary explanation for d ordinary dudes. It is now clear this crisis isnt even halfway done yet...it is gonna get really nasty.

This credit crunch is basically one nasty STD...and unfortunately the past couple yrs have been a big orgy.. The homeowners were fuckn the mortgage broker who was fuckn wall street banks who were fuckn european banks as well as asian investors...who were and all are married to the world economy... so right now everyone is pretty much infected & very sick...some are already dead from infection......The government is administering drugs to AIG...but AIG got FULL BLOWN AIDS BABY..so does Citigroup and a bunch of others. some are just starting to develop symptoms...JP Morgan chase I heard is next. they are still lying about their positive status. We shall see...

Bottom line is this shit is UGLYYYYYYYYYYYYYY and cud have been prevented if they had jus worn a damn rubber!!! but naw they wanted that raw profit...well there u have it!

**Odogwu** · 03-08-2009, 06:28 AM

everyone need to see this for real.
ijust luv Canadian way of doing business, we are more conservative(take less risks)

John Galt · 03-08-2009, 07:09 AM

Quote:

Originally Posted by Odogwu

everyone need to see this for real.
ijust luv Canadian way of doing business, we are more conservative(take less risks)

Dude Canada is like USAs jumpoff/down ass bish/ryde or die chic.Granted She isnt a slut and is always careful to use a rubber - that will save her from developing full blown aids. but wont save her entirely. cos mere fact she had relations mean she caught something and trust me she is sick!...look at the TSX..House prices in GTA down like 10-15% from 2007 peaks. Nobody is escaping this......

**kai** · 03-09-2009, 01:09 AM

Dang...Nice explanation. Now I get it.

I can see why it was hard to see this coming...There is almost no way you can tell that there was anything going wrong till it was too late. Folks were just trying to make some extra money. All the blame going around is unnecessary.

The only assumption that got everyone was that house prices were ALWAYS gonna go up.

Its a lesson we wouldn't have learned unless by experience.

FDR · 03-09-2009, 01:21 AM

Quote:

Originally Posted by kai

Dang...Nice explanation. Now I get it.

I can see why it was hard to see this coming...There is almost no way you can tell that there was anything going wrong till it was too late. Folks were just trying to make some extra money. All the blame going around is unnecessary.

The only assumption that got everyone was that house prices were ALWAYS gonna go up.

Its a lesson we wouldn't have learned unless by experience.

Why do you think it was hard to see it coming? Wasn't it the case that people were knowingly making risky ass investments and passing them off to others? If they didn't know about the risks, then I could agree that they might not have seen it coming. I'm trying to wrap my mind around the issue, as I don't completely understand it, but I sho don't see how this outcome could be unexpected.

Smurfelina · 03-09-2009, 09:02 PM

this is why i wonder why they keep saying they'll give the banks more moeny to increase borrowing. how is having more debt going to help?

**Mr Chase** · 03-11-2009, 05:16 PM

Quote:

Originally Posted by Smurfelina

this is why i wonder why they keep saying they'll give the banks more moeny to increase borrowing. how is having more debt going to help?

Small businessed need money to stay afloat
Farmers need money to get good equipments to cultivate food that we eat.
If the small businesses dont get credit, they go under... creating millions of job losses...creating millions of unemployed people... creating higher crime, more floreclosures, homelessness, and most especially, creating millions of people getting unemployment compensation...
when these small businesses go out of business, they dont pay taxes, thereby making it difficult for the State govt to function. The state will have less money to pay unemployment compensations, social security benefits, medicaid and medicare, millions of ppl die... hospitals close... your roads and street lights wont get maintained...
do you get the drift?

daddidollars · 03-11-2009, 05:38 PM

Best damn explanation ive seen..... instead they have all these bloody analysts on CNN babling

03-07-2009, 09:00 AM	#1 (permalink)
CEO Registered User Join Date: Dec 2006 Posts: 9,057 Points: 35,226.44 Bank: 142,640,080.91 Total Points: 142,675,307.35 Donate Rep Power: 21474865	The credit crisis explained (short video) The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. __________________ Sent from my BlackBerry Wireless Handheld, a miracle made possible by John McCain I don't consider myself lucky and so I work hard to achieve the goals I set for myself. Some of the things that I go through are God's way of getting me ready for the responsibilities he will bestow on me. http://platinumtach.com/gallery2/mai...serialNumber=1

03-08-2009, 06:24 AM	#3 (permalink)
John Galt Registered User Join Date: Nov 2005 Location: Getmoney Ville Posts: 629 Points: 32,441.80 Bank: 0.00 Total Points: 32,441.80 Donate Rep Power: 569597	CEO props on the video. Very nice and elementary explanation for d ordinary dudes. It is now clear this crisis isnt even halfway done yet...it is gonna get really nasty. This credit crunch is basically one nasty STD...and unfortunately the past couple yrs have been a big orgy.. The homeowners were fuckn the mortgage broker who was fuckn wall street banks who were fuckn european banks as well as asian investors...who were and all are married to the world economy... so right now everyone is pretty much infected & very sick...some are already dead from infection......The government is administering drugs to AIG...but AIG got FULL BLOWN AIDS BABY..so does Citigroup and a bunch of others. some are just starting to develop symptoms...JP Morgan chase I heard is next. they are still lying about their positive status. We shall see... Bottom line is this shit is UGLYYYYYYYYYYYYYY and cud have been prevented if they had jus worn a damn rubber!!! but naw they wanted that raw profit...well there u have it! __________________ Better tell Michael & Aliko...Im one of them!!

03-08-2009, 06:28 AM	#4 (permalink)
Odogwu Ambassador Join Date: Nov 2000 Posts: 11,705 Points: 82,264.80 Bank: 1,333,799.89 Total Points: 1,416,064.69 Donate Rep Power: 2999296	everyone need to see this for real. ijust luv Canadian way of doing business, we are more conservative(take less risks) __________________ Love You and Miss You Gabriel aka Zekes Olympics

03-09-2009, 09:02 PM	#8 (permalink)
Smurfelina Registered User Join Date: Oct 2007 Location: Mushroom Village Posts: 1,740 Points: 19,627.17 Bank: 2,948,556,789.86 Total Points: 2,948,576,417.03 Donate Rep Power: 21462295	this is why i wonder why they keep saying they'll give the banks more moeny to increase borrowing. how is having more debt going to help? __________________ ~~~~If women didn't exist, all the money in the world would have no meaning.~~~~

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03-08-2009, 04:10 AM	#2 (permalink)
naijadiva01 Registered User Join Date: Oct 2006 Posts: 6,170 Points: 110,410.00 Bank: 71,746,254.17 Total Points: 71,856,664.17 Donate Rep Power: 21474859

03-09-2009, 01:09 AM	#6 (permalink)
kai Elder Join Date: Oct 2003 Location: at your local crack depo.. Posts: 10,616 Points: 37,020.00 Bank: 294,290,475.73 Total Points: 294,327,495.73 Donate Rep Power: 21474874	Dang...Nice explanation. Now I get it. I can see why it was hard to see this coming...There is almost no way you can tell that there was anything going wrong till it was too late. Folks were just trying to make some extra money. All the blame going around is unnecessary. The only assumption that got everyone was that house prices were ALWAYS gonna go up. Its a lesson we wouldn't have learned unless by experience.

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