By now, you probably know that the “subprime mortgage crisis” is what threw our economy into a tailspin, but do you actually understand what the subprime mortgage crisis is? No worries if you don’t, because we’re going to explain the basics right now. Leave comments and questions and be sure to check out our other Poor Kid’s School of Finance videos each week at www.schooloffinance.tv. Also check out our Facebook Group: “The Poor Kid’s School of Finance”
www.pbs.org Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org
www.pbs.org Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org
www.pbs.org After the US business world had been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollarb - Paul Solman explained the factors that led to the downturn. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org
www.pbs.org After the US business world had been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollar - Paul Solman explained the factors that led to the downturn. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org
www.platformforthefuture.com The Stench of Truth (330).mp4 The only operating force that has the means to fight the financial terrorism of the international banks and stock brokerages and mega financial institutions are nation states. This is why it is so important to try and wrest control of the government away from the oligarchs and back into the hands of the people. I call for nationalizing the FED and all banks. Freezing and seizing all of their assets and putting that money to work in production, giving FREE credit to businesses that want to produce and for massive infrastructure repair projects. Reclaim all privatized roads etc. that have already been paid for by us through taxes. No Marxist collectivism, just using the banks stolen wealth for the betterment of the country. Also a couple of plugs for a couple of friends: www.youtube.com www.backstagecandle.com (this is just a store front right now because she is not yet up and running) Angela Smith http www.fastfinancialfreedom.biz
Dolla Crew to bailout the auto and financial industry. Dolla Crew has been stimulating the economy since 1983! www.myspace.com/dollarecordings Facebook Group: Dollars (public figures) www.myspace.com/djcuriousity
Executives from the financial institutions who received funds from the 0 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of jpmorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo. Their silent response to the questioning tells the whole story. Since this time, these companies have offered little relief to consumers. In fact, they have raised rates on millions of more Americans to help pay for growing credit card losses. The apathy of the American public to this additional “taxation” by the banks is beyond belief. Add to this the fact that Executive pay at the banks is going back up in 2009 (NYTIMES APRIL 25th 2009), and you see we are no longer a nation that believes in “United We Stand,” but rather “Everyman for Himself.”
The US president has moved to convince Democrats and his own Republicans to find a way to agree a rescue plan for troubled financial institutions after the bill was rejected by the House of Representatives.
