Who made money from sub-prime crisis? Credit Crunch winners and losers – bankers, hedge funds, speculators and investors. Economic trends keynote conference speaker Patrick Dixon
www.globalchange.com Who made money out of sub-prime crisis and the credit crunch? Those who sold property early at the height of the housing market bubble before the US property market crash. Mainly older people. Interest rate control Federal Reserve. Impact of sub-prime crisis on low income groups, younger buyers and shareholders of largest banks with big losses and fall in share prices. Bankers, speculators and shareholder losses. Tightening and loosening of monetary policy in response to inflation of commodities, retail price index and house market indicators. Video by keynote conference speaker Dr Patrick Dixon, Futurist and author of 12 books on global trends. Sub-prime crisis, property prices, crash, housing market, America, US, interest rates, banks, banking, share price, falls, speculation, boom, bust, investor, investment, funds, real estate.
Video Rating: 4 / 5
Comments (24)
What a shill! This is bunk. Don’t believe a? WORD of this guy!
I think the? builders who collected full payments from the banks were the real winners, unless they were stupid enough to put their gains into bank stocks or CDOs.
good thing is im making lots of? money paper trading on thinkorswim, and one day i will turn that into REAL MONEY WOOHOO
@covingtonium Keep kicking? that ball around bro.I had videos on my channel about the housing bust since 06. Not my fault people were/are dumb.
@john67elco? i HATE YOU!!!!!!!!
There is a whole young generation who’ve been waiting and saving up to buy for years – during your crazy boom when you were patting yourself on the back for house prices going up and up and up. They? win when house prices are allowed to fall without all your calls for interference and market rigging and cheating. Can’t afford your mortgage repayments? GTFO.
So the banks have their fake money that they make…..and they now have a vast array of stolen assets…ie houses.
The banks didnt lose anything? as they make up money as they go along. I think the ratio to deposits and lending is about 10/1 this means for every £1000 they have in cash, they can lend £100000. So they make up £99000 of cash.
Greedy greedy bastards.
Please look up FIAT currency if you dont believe me
I support all of the politicians? of this country because they are good people and they have to make money.
This people never lie; by the way take the damn vaccine
greed is actually number one. its a side-effect of the system. the govt didnt push subprime loans. banks who got into? the industry during the low rate boom brought those in order to continue to increase profits in a market where the rates were rising. as a bank, with shareholders – you have to increase profits not just keep on earning. how do you increase the amount of people using your bank when all of the refi boomers already got their low rates? you expand your lending guidelines.
actually hes right to some extent. the banking system itself is to blame for? the downward spiral that was effectively a “side-effect” of the way its all set up
People who made money: John Paulson, Phil Falcone, Kyle Bass, George Soros Jeff Greene (although he pinched the idea from John? Paulson) just to name a few
sub? back please
A lot of hedge funds benefited (made millions of $)? as well, by taking bearish positions on CDOs (Collateralized Debt Obligations) which where backed my mortgages, the so called “Mortgage backed securities”. Also, a bunch of traders made huge money by taking bearish positions in the stock market by shorting stocks, or buying puts.
cheap money (fed cuts interest rates) + cheap credit? = no where to lend it = lend it everywhere and then sell your worthless paper to investors on the secondary market (CDOS) = defaulted loans = bankrupt investors and bankrupt banks = criminals in the loop make billions = criminal immoral theft and fraud. Simple.
Tony Robinson! I loved you? in Black Adder.
Stay away from Steven? Craig Feldman. He is a crook!!!!!!!!!!
If you knew how the Fed worked, you would? remove both comments
I like it when the English explain things to me?
What Patrick forgets to mention is that the people who had poor credit rating were sold mortgages when the house prices were at their peak in order to keep the huge snowball rolling. The market relys on new buyers. Remember? when Eastern Europeans were touted as the first time buyers who would push prices up further? If the buyers with poor credit had been given mortgages when the market was at the bottom then banks could claim they were innocent.
uh what?? that’s the most moronic thing i ever heard ioaytyay
THE HOUSING BUBBLE did not CAUSE this.
THE HOUSING BUBBLE was just the PRETEXT.
The Financial? SYSTEM is BUILT for PERPETUAL ECONOMIC GROWTH and that is NOT possible in the REAL world.
Watch “MONEY as DEBT”
Absolutely right and I think the very basis of certain nasty and selfish human nature needs to be investigated and exposed. Sure we all like to be comfortable if possible but? some are are achieving this monetary wealth by deliberately causing the misery of others! Shameful and not only has it created this catastrophic mess, it will bring the World down with it!!
So? let the banks go out of business. Banking is the least needed institution in the world. They produce nothing, they invent nothing, they don’t even store money any more, they just steal.
It’s funny that people think they know how humans are, when the only humans they know grew up in a nasty, selfish culture.?