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Credit Crisis Explained For Dummies (6m)

submitted by marinara

1 decade 6 years 2 months 3 weeks ago

from yt:" http://www.pbs.org/newshour/bb/busine... Unmanageable loans and debt of firms like Lehman Brothers, Fannie Mae, Freddie Mac and AIG led to declines in their credibility and the end of growth based on credit. Paul Solman explains how these giants lost control of their finances and why credit plays a central role. Check out Pauls blog and ask him questions through the NewsHours Business Desk at: http://www.pbs.org/newshour/businessd... "