DISQUS

Forex Trading · 8 months ago

These loans were bundled together into Mortgage-Backed Securities (MBS)....................................

Forex · 8 months ago

The commercial paper* system (short term loans between corporations) starts to collapse as business become less likely to loan money and expect higher interest rates and shorter terms.........................

Jeff L · 1 year ago

Ian,

Thanks for this.

Curious though - if the Clinton administration didn't reduce the restrictions, would be still be having the problems we are having today?

woogychuck · 1 year ago

@Jeff L
In reality, the bill would have been passed eventually. It had a lot of bi-partisan support.

If it didn't pass, there's a good chance we would have had a much smaller problem. The securities process caused the mortgage problems spread to the entire system. Additionally, without the securities most banks wouldn't have taken on so many riskyloans.

Martha McK · 11 months ago

I was looking for a timeline comparison between "the great depression" and the current economic crisis. Your page came up as a possibility (on google). I love the title of your blog. You are witty guy, so I decided to check it out.

This nice short bullet item type explanation of our current situation is fantastic. Also, the title of your blog is fantastic.

I think you are the person to make the timeline comparison between "the great depression" and the current economic crisis. I'm hoping it will have a sort of "U" shape, with the upward trajectory representing our imagined climb out of the ditch. Please get on this. I'm counting on you.

The name of your blog is tres amusing.

loan modification · 11 months ago

hey, thanks for sharing your research. it's really nice of you to do so. more power and good luck

buy to let mortgage · 9 months ago

Wow, definately one of the better explanations of what messed up in the mortgages and financial markets. The people in charge should definately be sued for failing to stop the ship sinking when they knew they were in deeper water/

termllife · 9 months ago

Hey there,, just came across this article and found it really very informative. The points you have shared over here seem to be very accurate, I could agree to most of them. thanks a lot for posting this.

CFD Trading · 8 months ago

The greedy pricks that caused this problem by lobbying for less regulation and abusing the new freedom they were given are making out like bandits.........................

wilfred71drapeau · 8 months ago

Perhaps the only bright spot is the week-to-week increase in film ticket revenue, mirroring American behavior in the Depression: apparently, we’re still lured to forget our troubles watching the flickering light in the darkened hall (making escapist crap like Paul Blart: Mall Cop, He’s Just Not That Into You,

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bathroom accessories · 8 months ago

Dick Fuld, the CEO of failed Lehman Brothers, has received over half a billion dollars in bonuses......................

luckypaul · 8 months ago

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Used Aston Martin · 8 months ago

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Stocker · 8 months ago

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Stocker · 8 months ago

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Raleigh Capital Advisors · 8 months ago

The financial/banking system relies on credit creation as a result of debtors spending the money which in turn is 'banked' and loaned to other debtors. As a result a relative small contraction in lending can lead to a dramatic contraction in money supply. The Great Depression occurred after a dramatic expansion in debt and money supply in the roaring twenties.

Unsecured personal loans · 7 months ago

Thanks for the information. Keep up the good work. In relation to public awareness, the demand for unsecured personal loans is at an all time high. Unsecured personal loans are loans made without the backing of collateral. Your average bank won't make them, definitely not during times like these. There are other options, though, for those who don't want to go to a normal lending institution where they know they'll be turned down. You can get unsecured personal loans through payday loan companies. If you just need a cash advance loan, you can apply for an unsecured personal loan. The best ways to survive in this time of recession it to minimize unwanted expenses, and try to budget your income so you wouldn’t depend more to many kinds of loans and payday cashes not unless you really need it.

Bad Credit Mortgages · 7 months ago

starts to collapse as business become less likely to loan money and expect higher interest rates and shorter terms.........................