Comments on: The Credit Crunch Explained http://www.creditcrunchsmile.com/the-credit-crunch-explained The independent survival guide to the credit crunch with a smile and a laugh Tue, 07 Sep 2010 12:47:08 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: MuayThaiBeginner http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-203 MuayThaiBeginner Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-203 money as in paper form merly represent gold in the countrys vaults so they cant just print more paper if they dont have the gold. thats what germany did after ww1...i think? but it got them inot more trouble. money as in paper form merly represent gold in the countrys vaults so they cant just print more paper if they dont have the gold. thats what germany did after ww1…i think? but it got them inot more trouble.

]]> By: RogueRotting360 http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-204 RogueRotting360 Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-204 I understood almost everything up to 1:13 - when the narrator brought up "mortgage backed securities". Can someone define what mortgages are, and also what are mortgage backed securities? Why did the housing market decline? What are interest rates? What are cheap loan deals? Overall. Not enough definitions. I understood almost everything up to 1:13 - when the narrator brought up “mortgage backed securities”. Can someone define what mortgages are, and also what are mortgage backed securities?
Why did the housing market decline?
What are interest rates?
What are cheap loan deals?

Overall. Not enough definitions.

]]> By: cronaldo7manchester http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-205 cronaldo7manchester Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-205 nice vid man! five stars! nice vid man!
five stars!

]]> By: thejobloshow http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-206 thejobloshow Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-206 Because that decreases the value of the dollar - because more money in circulation means less scarcity. It would cause inflation and prices will rise. Because that decreases the value of the dollar - because more money in circulation means less scarcity. It would cause inflation and prices will rise.

]]> By: JuzzChiln http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-207 JuzzChiln Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-207 As for me, I'm 38 years old and I've always bought EVERYTHING with cash, I detroyed my credit card when I was 22 and never purchased a house. But I came pretty close. Thank god I didn't.. As for me, I’m 38 years old and I’ve always bought EVERYTHING with cash, I detroyed my credit card when I was 22 and never purchased a house. But I came pretty close. Thank god I didn’t..

]]> By: JuzzChiln http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-208 JuzzChiln Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-208 The average home in a safe area in Southern California is around $400k-500k, with prices rising every month. People in California who had any hope of getting into a home felt they had to get in or forever loose the oportunity. It's the subrime mortages that was the solution and trigger for the increasing home prices. A lot of people had good credit but lacked the rediculous average downpayment monstrosities for these homes. Leveraged financial system amplified an otherwise benign collapse. The average home in a safe area in Southern California is around $400k-500k, with prices rising every month. People in California who had any hope of getting into a home felt they had to get in or forever loose the oportunity. It’s the subrime mortages that was the solution and trigger for the increasing home prices. A lot of people had good credit but lacked the rediculous average downpayment monstrosities for these homes. Leveraged financial system amplified an otherwise benign collapse.

]]> By: JuzzChiln http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-209 JuzzChiln Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-209 The average home in a safe area in Southern California is around $400k-500k, with prices rising every month. People in California who had any hope of getting into a home felt they had to get in or forever loose the oportunity. It's the subrime mortages that was the solution and trigger for the increasing home prices. A lot of people had good credit but lacked the rediculous average downpayment monstrosities for these homes. Leveraged financial system amplified an otherwise benign collapse. The average home in a safe area in Southern California is around $400k-500k, with prices rising every month. People in California who had any hope of getting into a home felt they had to get in or forever loose the oportunity. It’s the subrime mortages that was the solution and trigger for the increasing home prices. A lot of people had good credit but lacked the rediculous average downpayment monstrosities for these homes. Leveraged financial system amplified an otherwise benign collapse.

]]> By: JuzzChiln http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-210 JuzzChiln Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-210 The rising prises made purchasing a home a mere dream for most. You see, it's nearly impossible for an individual to save 15 percent on a $600,000 3 bedroom, 1500 sq. ft. home. Sub prime mortgages made it possible for people to purchase a home that seemed to be increasing in value by the week. Painting them all as low income morons is extremely fucked up. Afterall, how many people ignore a bargain. Intead why don't you blame the assholes who opened the door to such bargains in the first place. The rising prises made purchasing a home a mere dream for most. You see, it’s nearly impossible for an individual to save 15 percent on a $600,000 3 bedroom, 1500 sq. ft. home. Sub prime mortgages made it possible for people to purchase a home that seemed to be increasing in value by the week. Painting them all as low income morons is extremely fucked up. Afterall, how many people ignore a bargain. Intead why don’t you blame the assholes who opened the door to such bargains in the first place.

]]> By: JuzzChiln http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-211 JuzzChiln Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-211 This video is not completely true. For those who know why , there's no need for me to explain. And for those who don't, you need to do a little more reading. This video is not completely true. For those who know why , there’s no need for me to explain. And for those who don’t, you need to do a little more reading.

]]> By: hesaidicouldntjoinin http://www.creditcrunchsmile.com/the-credit-crunch-explained/comment-page-1#comment-212 hesaidicouldntjoinin Wed, 25 Mar 2009 10:00:01 +0000 http://creditcrunchsmile.com/blog/the-credit-crunch-explained#comment-212 I Don't Understand, Why Don't They Just Print More Money ? :'( I Don’t Understand, Why Don’t They Just Print More Money ? :’(

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