The Crisis of Credit - Visualized

diggitydank420 said:
[youtube]Q0zEXdDO5JU[/youtube]

[youtube]iYhDkZjKBEw[/youtube]
Click to expand...

Nice simple explanation of how the short term (last 8 years) happened, but a bit biased. I don't think smoking makes me irresponsible. I also don't think having children makes other people irresponsible, unless they can not afford to raise them (or are doing a poor job of raising them.)

Though it also fails to delve deep enough into the subprime mess to adequately explain it.

It's just the what (is going on)
not the why (is the what going on)
 
Yep, that was good. but I kinda resemble the "irresponsible guy and his family, LOL" 'Cept I was smart and got out from under my house several months before this SHTF. I saw it coming a mile away. huh. then came in snaged a house twice the other houses size for about half the money. I pays to be a "conspiracy theorist."
 
The reality is we have 800 banks, 10 are in trouble.
I applied for a second home loan 2 weeks ago.(not an equity loan, but for a second home)
...guess who got a loan without issue?

The sky is falling, the sky is falling!!

...nice bump!!!
 
joepro said:
The reality is we have 800 banks, 10 are in trouble.
I applied for a second home loan 2 weeks ago.(not an equity loan, but for a second home)
...guess who got a loan without issue?

The sky is falling, the sky is falling!!

...nice bump!!!
Click to expand...

Yeah, it seems like the banks are throwing credit at me as well. Not that I've taken advantage of it (used it), doesn't mean I haven't taken it just because credit is one of those things that you never know when it will come in handy.
 
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