The 'Great Recession' that almost crashed the US economy was precipitated by the bad behavior of some of the biggest Wall Street banks. It was their creation of the so-called subprime loan that almost brought about the country's ruin. CCTV's Rachelle Akuffo takes a closer look at one part of what billionaire entrepreneur Warren Buffett has called 'financial weapons of mass destruction.' Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Auto lenders can steer vulnerable people into crushing debt. Keegan-Michael Key and Bob Balaban help John Oliver show exactly how. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans to buyers who can't afford the loans, including those who recently filed for bankruptcy. Produced by: Axel Gerdau and John Woo Read the story here: http://nyti.ms/1trvRXH Subscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletter Subscribe on YouTube: http://bit.ly/U8Ys7n Watch more videos at: http://nytimes.com/video --------------------------------------------------------------- Want more from The New York Times? Twitter: https://twitter.com/nytvideo Facebook: https://www.facebook.com/nytimes Google+: https://plus.google.com/+nytimes/ Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube. The New Subprime Bubble: Car Loans | The New York Timeshttp://www.youtube.com/user/TheNewYorkTimes
The Short and Simple Story of the Credit Crisis -- The Full Version By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This is the original, full version.
http://www.lucky-dog-investing.com/ A straight-forward simple explanation of the subprime mortgage crisis, which caused a world wide credit crisis.