Myrtle Beach Real Estate

Cliffs Notes on The Banking and Housing Debacle on Video: REMARKABLE!

 

 

This eye opening video should be watched by everyone in our industry.  This documentary is an amazing analysis of our banking and housing debacle. 

 

You absolutely have to watch this!   Please click on the link below to watch it!

 

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

 

You will learn the following terms, which I predict will no doubt become mainstream within the next few years: 

 

"Toxic mortgage contagion"

 

"Credit default swaps" = mysterious instruments that only financial wizards could understand.

 

"Systemic risk"

 

"Moral Hazard"

 

"Capital Injections"

 

"Toxic  Assets"

 

Please come back afterward and let us know what you think about it.

Posted by Mirela Monte on March 9th, 2009 9:11 PMPost a Comment (0)

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