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Credit Crisis Explained For Dummies (6m)

submitted by marinara

1 decade 6 years 2 months 4 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... "

2 Comments

NetRunner

says...

Also see this earlier one: http://www.videosift.com/video/PBS-explains-current-economic-crisis

rougy

says...

He didn't mention preditory lending or the corrupted rating system at all.

Half a truth is still a lie.

PBS just doesn't shoot straight these days.

He's making it sound like it's some kind of systemic fluctuation when, in fact, the perpetrators of this mess can be pinpointed and named.