☆☆☆ - The Crisis of Credit (Visualized) - ☆☆☆

Discussion in 'General' started by illionaire, Feb 19, 2009.

  1. illionaire

    illionaire

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  2. maldonado

    maldonado

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    [​IMG]

    anybody want some cheeseburgers?
    [​IMG]
     
  3. blastamasta8

    blastamasta8

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    That was really interesting thank you.
     
  4. daytona 5000

    daytona 5000

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    So fractional reserve banking and the fed are to blame, if i'm not mistaken right?


    [​IMG][​IMG][​IMG] a million props to the OP for posting this. Finally this is broken down into terms I can understand.
     
  5. callhimar

    callhimar

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    That was awesome. People should be able to understand this finally.
     
  6. superantigen

    superantigen

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    [​IMG][​IMG] to the video...

    [​IMG][​IMG] to the situation...
     
  7. the blue cape

    the blue cape

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    Posting gems... [​IMG]
    [​IMG]
     
  8. pick99

    pick99

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    When it comes down to it DON"T borrow what you can't pay back
     
  9. ogmikey

    ogmikey

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    Once its explained, it makes you even think if our approach to our economy is even right. Americans are addicted to credit.
     
  10. nicefro

    nicefro

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    We are and will continue to be.
     
  11. nt og

    nt og Banned

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    [​IMG] at how this video blames the financial system for being greedy.

    Blame the people who borrowed money when they couldn't afford to pay it back.
     
  12. r33p04s

    r33p04s

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    very good video...best way i've heard it put...all those talking heads on cnn and msnbc couldn't explain it that well
     
  13. superantigen

    superantigen

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    No doubt the individual people that defaulted on their credits are to blame...

    However, the financial system is responsible for the whole situation because they created an incentive for people to burrow.

    Comon, they could've easily rejected those applicants that were "risky"...but they chose not to simply because it was all about the money...

    I'm oversimplifying the situation but that's pretty much it...
     
  14. nt og

    nt og Banned

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    So...

    Adam and Eve eats the apple.... Blame God?

    I'm not religious btw.[​IMG]

    I just didn't like how they didn't place any of the blame on the borrowers.
     
  15. jjgrt5

    jjgrt5

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    Now I comprehend, thanks OP.
     
  16. damnitzvin

    damnitzvin

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    is this accurate of the real situation?
     
  17. kanyewestjayz4life

    kanyewestjayz4life

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    The smarter person has more leverage. They gave all the poor minded weak peoples loans when they knew they could afford them. Which in ethics iswrong.
    With the adam and eve thing, God stated "Do not eat the apple on the forbidden tree." Did any of these financial institutions state anything of thesort. "If you take our loans you will go into default."

    The reason we blame the financial markets is because they are 5 steps ahead of everyone else. Now for the most part they are ahead of the uneducated, which isa lot of people.
     
  18. nt og

    nt og Banned

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    dp
     
  19. nt og

    nt og Banned

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    So...




    Adam and Eve eats the apple.... Blame God?




    I'm not religious btw.[​IMG]




    I just didn't like how they didn't place any of the blame on the borrowers.
    The smarter person has more leverage. They gave all the poor minded weak peoples loans when they knew they could afford them. Which in ethics is wrong.
    With the adam and eve thing, God stated "Do not eat the apple on the forbidden tree." Did any of these financial institutions state anything of the sort. "If you take our loans you will go into default."

    The reason we blame the financial markets is because they are 5 steps ahead of everyone else. Now for the most part they are ahead of the uneducated, which is a lot of people.




    So....

    Adam and Eve eats the apple... Blame God?

    If the financial market is 5 steps ahead of everyone....surely they must have seen this whole mess coming right?

    If they saw it coming, wouldn't they have tried to stop it?
     
  20. kanyewestjayz4life

    kanyewestjayz4life

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    The smarter person has more leverage. They took all the poor minded weak people loans when they knew they could afford them. In ethics that iswrong.

    For the adam and eve statement, God gave them a warning. Banks didn't come out and say "If you take our loans there's a high possibility you willdefault."

    The reason we blame the financial markets is because they are 5 steps ahead of everyone else.
     
  21. kanyewestjayz4life

    kanyewestjayz4life

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    The smarter person has more leverage. They gave all the poor minded weak peoples loans when they knew they could afford them. Which in ethics is wrong.
    With the adam and eve thing, God stated "Do not eat the apple on the forbidden tree." Did any of these financial institutions state anything of the sort. "If you take our loans you will go into default."

    The reason we blame the financial markets is because they are 5 steps ahead of everyone else. Now for the most part they are ahead of the uneducated, which is a lot of people.




    So....

    Adam and Eve eats the apple... Blame God?

    If the financial market is 5 steps ahead of everyone....surely they must have seen this whole mess coming right?

    If they saw it coming, wouldn't they have tried to stop it?
    Hey im no Chase CEO from back when this first started. Im saying they know how greed works. So they knew what they were doing to people was wrongand one day it would topple over.
     
  22. daytona 5000

    daytona 5000

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    bump
     
  23. marath0n

    marath0n

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    That was dope. Thanks for this.
     
  24. la213espg

    la213espg

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  25. sooperhooper

    sooperhooper

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    I consider myself to be a smart individual, but all of this lingo about mortgages and stocks goes WAY over my head.