The Crisis Of Credit Visualized

Below is an excellent video (RSS and e-mail Readers may need to click through to view it) outlining how the global economic downturn got started with the credit crisis in the U.S. If you’ve heard the term sub-prime and aren’t exactly sure what that’s all about, this video does a great job explaining it.

Bear in mind that this is U.S. focused, but it’s a very informative look at how this mess all started. It will also help you understand why Canada’s banks are in good shape: they avoided much of the financial instruments mentioned in the video, and our conservative banking practices and tighter regulations prevented them from getting over-leveraged, and from giving money to people who shouldn’t have qualified.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Tim Ayres – Sooke Real Estate Professional

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Published by Tim Ayres

Tim Ayres is a Sooke and Victoria BC REALTOR®, with Royal LePage Coast Capital Realty. Tim is actively involved in helping clients buying and selling real estate in the southern Vancouver Island region. Tim is an active member of the Victoria Real Estate Board and served seven years (2009-2015) as a director, including serving as President in 2014.

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