The Crisis of Credit Visualized

joeparaski
joeparaski Posts: 1,865
edited March 2009 in The Clubhouse
Interesting little clip on how we got into the mess we're in. I'm not sure how accurate it is, but it explains things in a simple way to those of us not that knowledgeable in the banking stuff.

http://vimeo.com/3261363?pg=embed&sec=&hd=1

Joe
Amplifiers: 1-SAE Mark IV, 4-SAE 2400, 1-SAE 2500, 2-SAE 2600, 1-Buttkicker BKA 1000N w/2-tactile transducers. Sources: Sony BDP CX7000es, Sony CX300/CX400/CX450/CX455, SAE 8000 tuner, Akai 4000D R2R, Technics 1100A TT, Epson 8500UB with Carada 100". Speakers:Polk SDA SRS, 3.1TL, FXi5, FXi3, 2-SVS 20-29, Yamaha, SVS center sub. Power:2-Monster HTS3500, Furman M-8D & RR16 Plus. 2-SAE 4000 X-overs, SAE 5000a noise reduction, MSB Link DAC III, MSB Powerbase, Behringer 2496, Monarchy DIP 24/96.
Post edited by joeparaski on
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Comments

  • wizzy
    wizzy Posts: 867
    edited March 2009
    Very good ... I might send this to my niece + nephew.
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  • hearingimpared
    hearingimpared Posts: 21,137
    edited March 2009
    That was very interesting.
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  • MillerLiteScott
    MillerLiteScott Posts: 2,561
    edited March 2009
    One word.

    Greed.
    I like speakers that are bigger than a small refrigerator but smaller than a big refrigerator:D
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  • NJPOLKER
    NJPOLKER Posts: 3,474
    edited March 2009
    Hey Scott two words for you
    Your Right
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  • shack
    shack Posts: 11,154
    edited March 2009
    There is validity to the original video and it is a thumbnail of some of the issues. This video I've attached is more techincal in nature and has to do with accounting issues and the Sarbanes-Oxley Act that was enacted because of Enron, etc... It has huge ramifications for problems banks are having now. I know we are dealing with some of these issues every day.

    It is fairly long and somewhat technical...but it does address issues you never hear about from the talking heads. If you are interested, this guy explains it in a way that is understandable.

    http://www.mortgagesuccesssource.com/go/markmarket/
    "Just because you’re offended doesn’t mean you’re right." - Ricky Gervais

    "For those who believe, no proof is necessary. For those who don't believe, no proof is possible." - Stuart Chase

    "Consistency requires you to be as ignorant today as you were a year ago." - Bernard Berenson
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  • hearingimpared
    hearingimpared Posts: 21,137
    edited March 2009
    shack wrote: »
    There is validity to the original video and it is a thumbnail of some of the issues. This video I've attached is more techincal in nature and has to do with accounting issues and the Sarbanes-Oxley Act that was enacted because of Enron, etc... It has huge ramifications for problems banks are having now. I know we are dealing with some of these issues every day.

    It is fairly long and somewhat technical...but it does address issues you never hear about from the talking heads. If you are interested, this guy explains it in a way that is understandable.

    http://www.mortgagesuccesssource.com/go/markmarket/

    Great link Steve, very informative and relieving.
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  • obieone
    obieone Posts: 5,077
    edited March 2009
    I'm no economist, but how does fixing the credit market help? If the unemployed consumer is at the start of the financial food chain, and they're not 'hungry', doesn't the rest of the chain go hungary as well?
    I refuse to argue with idiots, because people can't tell the DIFFERENCE!
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  • shack
    shack Posts: 11,154
    edited March 2009
    obieone wrote:
    I'm no economist, but how does fixing the credit market help? If the unemployed consumer is at the start of the financial food chain, and they're not 'hungry', doesn't the rest of the chain go hungary as well?

    The consumer is merely a link in the chain...neither the beginning or the end and while the consumer is weaker, the link isn't broken. The unemployed consumer is only a small percentage of the equation.
    "Just because you’re offended doesn’t mean you’re right." - Ricky Gervais

    "For those who believe, no proof is necessary. For those who don't believe, no proof is possible." - Stuart Chase

    "Consistency requires you to be as ignorant today as you were a year ago." - Bernard Berenson
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  • Joe08867
    Joe08867 Posts: 3,919
    edited March 2009
    That was easy enough for almost anyone to follow.

    I will be passing this along.
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  • zingo
    zingo Posts: 11,258
    edited March 2009
    Great video!
    Jake
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  • DarqueKnight
    DarqueKnight Posts: 6,765
    edited March 2009
    Thanks Joe and Steve.
    Proud and loyal citizen of the Digital Domain and Solid State Country!
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