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ZenGTMM (January 1, 1970 at 12:59 am)
What software is needed to create this type of animated video? It seems interesting and fresh and I would like to try it.
madman06911 (January 1, 1970 at 12:59 am)
Credit Crisis What Credit Crisis?
mhyoungbiz (January 1, 1970 at 12:59 am)
There are some inaccuracies. The Fed Reserve doesn't buy or insure mortgages, they are backed by 30 yr mtg bonds issued by the gvmt. Fannie and Freddie bought a large portion of the prime loans, and not at 1%, but more like 5-7%. The 1% fed rsrv cost made it cheaper to buy and move money overnight for the banks, lowering their costs, affecting prime rates, tricking down and affecting all rates. It's not a one to one ratio. Greed is a human fault, it knows no political bounds.
mordicus (January 1, 1970 at 12:59 am)
@bigbadwolfeinc After Effects
leklek69 (January 1, 1970 at 12:59 am)
and as far as i know america has an excellent drainage system
leklek69 (January 1, 1970 at 12:59 am)
@valeryon123 how come america is in deep shit right now? where the fuck did all these shit come from
faoust21 (January 1, 1970 at 12:59 am)
the whole capitalist world lives knee-deep in shit,in case you haven't ever been outside the US.I am not stalinist,i am trotskyist,but capitalism has to go.We had enough of that crap.workers democracy,planned economy,sustainable development!
valeryon123 (January 1, 1970 at 12:59 am)
You're right, we should all live knee-deep in shit like they did in Soviet Russia.
emendemon (January 1, 1970 at 12:59 am)
Banks don't BUY anything from the Fed (Treasury Bills come from the "Treasury Department", genius). You lost my interest, stupid YouTube video.
EasyEight88 (January 1, 1970 at 12:59 am)
ALL the normal safeguards of THE MARKET were removed by the government!! With no risk to them, and the Government removing lending standards until all you required was a pulse the housing market become wide open to run away speculation. Fannie/Freddie lowered standards to where they accepted SELF reported income, and DIDN'T CHECK!! Yep, you could make up any income you wanted, they didn't run a credit check!! AND they backed the risky loan with the "full faith and credit" of the US Government!! |
