Credit Crisis Explained
Posted by The Keen Team on Monday, August 31, 2009 at 9:16:57 PM By The Keen Team / August 31, 2009 Comment
Ok. So we all have some idea how we got here, right? We've all heard the terms at least. Credit crisis. Subprime mortgages. Foreclosure. Securitized debt. Bernanke. AIG. Leyman Brothers. Wall Street. Main Street. Greenspan. Federal Reserve. Treasury. Under water. Credit Default Swaps. Meltdown. Crisis. National Debt. GDP. Recession. Depression.
But just how did we get here?
And how why exactly has the entire economy suffered so much at the hands of this Credit Crisis?
Check out the Video below where it's all explained in just shy of 11 minutes: