Posted on March 12, 2009 by Terry McDaniel

The Crisis of Credit Visualized – Part 2

This only 1/2 of the story…. More to be added later. Terry

About Terry McDaniel

What motivates me? 1. Fun. 2. Learning. 3. Blessing and prospering people before profit. 4. Being the hero.
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1 Response to

  1. Gene Ward says:
    March 18, 2009 at 8:38 am

    Terry,

    Great video re-post about the credit crisis in terms most can understand.

    What it doesn’t tell the viewer is how these bad loans got started. When government interferes in the free market, i.e. coercing banks to lower their lending standards to support the liberal adjenda of getting those unable to afford homes into one at any cost, the law of unintended consequences will always come into play. It’s time to pay the piper.

    Reply

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