How We Got The Credit Crisis
Credit crisis is the most used term these days. Wherever you go you will see effect of credit crisis. Turn the TV on, try to read paper credit crisis is everywhere. Unfortunately credit crisis is effecting everyone’s daily life. From daily grocery shopping to buying a house we are confronting this term.
Actually how many of us know how the credit crisis happened? How does the credit crisis lifecycle look like? What is sub-prime mortgage? What did the bankers do wrong?
The video below explains the above questions. You don’t need to be an economist to understand what is credit crisis once you watch this video patiently.