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anonymous

FRONTLINE: inside the meltdown: analysis: roots of the crisis | PBS - 1 views

www.pbs.org/...howwegothere.html

explanation views frontline inside financial crisis roots peopletoblame overview

shared by anonymous on 28 Dec 10 - No Cached
  • From 2004 to 2007, Fannie [Mae] and Freddie [Mac] are all of a sudden under assault from Wall Street. Wall Street is trying to take over Fannie and Freddie's business. And Fannie and Freddie, to compete, basically start saying, "We're going to start buying riskier and riskier loans."
  • all of the data that was the ballast that supported this belief that homes will never lose any value, the underpinnings of that have disappeared.
anonymous

FRONTLINE: the warning: watch the full program online | PBS - 1 views

www.pbs.org/...view

Financial video financial crisis warning the frontline explanation

shared by anonymous on 28 Dec 10 - No Cached
  • anonymous on 28 Dec 10
     
    Chapter 6 talks about in late 2008, Born's nightmare comes true with the financial crisis. It also mentions Lehman's bankruptcy, markets crash, credit freezes. Now, huge banks' toxic assets are tied into over-the-counter derivatives. 
Han Kyul Lee

FRONTLINE: inside the meltdown: watch the full program | PBS - 0 views

www.pbs.org/...view

economics frontline pbs documentary financial crisis Bear Stearns homeowners mortgages securities loans

shared by Han Kyul Lee on 11 Jan 11 - No Cached
  • Han Kyul Lee on 11 Jan 11
     
    It's when investors lose confidence that firms start to fail, since they all withdraw their money at the same time. This goes for Bear Stearns, whose way to 'riches' was through a heavy load of toxic assets, buying out the mortgages, bundles them up and loan them out as securities. These loan offers had attracted many homeowners who were so sure that housing prices would only go up. As stocks started dropping, investors lost confidence in Bear Stearns, dropping out on the stocks. By Thursday, with the reserve almost gone, Bear Stearns had turned to the Federal Reserve Bank for emergency loans that they may open tomorrow. Lots of toxic waste such as hidden subprime mortgage loans were found. Federal Reserve bails out Bear Stearns with emergency loans.
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