The Credit Crisis

http://www.youtube.com/watch?v=Q0zEXdDO5JU

How accurate is this? What are they missing in this whole cycle?

It’s missing the role of the CRA. Actually, there are several opinions about the influence of CRA policies in causing the crisis.

Can someone explain to me what leverage is? The video explains it rather quickly and I could not understand anyway. Who was borrowing? The banks?

http://en.wikipedia.org/wiki/Leverage_(finance

wikipedia messed up my link

Don’t be hating on leverage. There are appropriate times to leverage and not appropriate times to leverage.