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August 15, 2018
Countrys financial situation. the dow is off just half a percent which is a much better than it was earlier in the day. ill talk to you a little later about why were concerned about turkeys currency and how currency crises can be contagious around the world. ultimate ultimately, we are nearly a decade away from a financial crisis that almost led to the collapse of the financial system. when house prices were sky high in the 2000s, lenders offered mortgages that couldnt qualify for them. they pac...
August 15, 2018
Bank didnt have to just repossess annies house, they had to repossess millions of houses, put them all on sale and the bottom line is they werent worth much money so this is what brought us to the brink of collapse. >> losses forced some financial institutions to go out of business or be sold. look at all those names that dont exist anymore. aig nearly collapsed. the federal government moved in. congress approved a $700 billion bailout program. the federal reserve bought government securities an...