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Thread: The Credit Crisis explained
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02-20-2009, 12:05 PM #1Unix Ninja
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The Credit Crisis explained
[media]http://www.vimeo.com/3261363[/media]
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02-20-2009, 12:27 PM #2Rude and Vile Master
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Good video - very easy to understand.
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
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ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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02-20-2009, 01:38 PM #3Unix Ninja
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Doh,, I posted in the wrong section.
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02-20-2009, 01:53 PM #4Rude and Vile Master
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Thats it, you're fired.
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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02-20-2009, 02:07 PM #5Registered User
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Gabe, that is honestly the coolest thing I've seen in a long time. It really helps people to understand what exactly is going on with both the housing market and the banking credit troubles.
Wife to DH since 10/31/2002!
Mom to DS #1 08/13/98 Mom to DS #2 09/11/03
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02-20-2009, 03:10 PM #6
Wow. Very helpful, very easy to understand. I had a general concept of the crisis, but definitions of sub-prime and COD's and so on were a mystery to me. Thanks for posting!
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02-20-2009, 03:23 PM #7Registered User
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What a great explanation!
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02-20-2009, 05:52 PM #8Registered User
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Thanks for the link, Gabe.
~ Michelle
Wife to DH--
Mom to DS--
and DD--
Avatar picture--Taken at Comanche Lookout Park, San Antonio,Tx. April,2010
Mortgage -- $53,077.24
March Emergency Fund Challenge-- $100 /$200
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"The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
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