Do you know how the current credit crisis happened? This video explains it pretty well covering all the basics about subprime mortgages, cdo, and the interconnectivity between home owners, mortgage brokers, lenders, investment banks and institutional funds.
It’s such a big mess and has all to do with taking too much risk and being insanely greedy. Going forward, how financial systems should really be controled is still a big question yet to be answered.
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