Thursday, October 2, 2008

Economic Crisis

This video is an insightful look into the causes of our current economic crisis, which has its roots in policy developed 13 years ago.

What Caused Our Economic Crisis


This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac.

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