What ever caused the sub-prime mortgage crisis to become a full-blown credit freeze, its clear that at its core were bad mortgage loans made to borrowers who didnt understand the long-term implications of the loan by lenders acting in their own self-interest. Meanwhile, credit card balances and delinquencies are skyrocketing. And the personal savings rate stays mired at about 1%. Can regulation do anything about this? Maybe — if it is attuned to both consumers and producers behavior, incentives and self-interest.
Video Rating: 5 / 5
Bravo! Keep doing what you are doing to educate and foster education of such important issues.