Sub-prime crisis – what next in banking? Credit crunch / sub-prime crisis and mortgages, interest rates, share prices, house prices. Comment by keynote conference speaker on Future of Banking and Financial Services – Dr Patrick Dixon
February 28th, 2010 | by admin |
http://www.globalchange.com Sub-prime real estate crisis and credit crunch explained in US and global impact on banking, mortgages, home loands and financial services. Why the banking system remains at risk from complex processes that most people don’t understand. Regulators, changes in banking regulation, systemic risk, corporate governance, and how banking / financial services products will change as result. How banks will manage risk in future. Comment by conference speaker Dr Patrick Dixon – after keynote speech on global trends in Belgium
Duration : 0:6:10
[youtube y-PR5KyEydM]
25 Responses to “Sub-prime crisis – what next in banking? Credit crunch / sub-prime crisis and mortgages, interest rates, share prices, house prices. Comment by keynote conference speaker on Future of Banking and Financial Services – Dr Patrick Dixon”
By ne1l007 on Feb 28, 2010 | Reply
I think the price …
I think the price of gold has reached it’s peak. The next general trend will have a negative gradient.
By zillypaul on Feb 28, 2010 | Reply
@ne1l007
lool.. …
@ne1l007
lool.. the price of gold is going up because paper money is bull shit, and more and more people are coming to realize it. You think gold is high now? Keep watching.
By AdmiralBoom76 on Feb 28, 2010 | Reply
You don’t know …
You don’t know anything, just like your audience.
“I’m not an economist or a banker” LOL! Like if you were it would make any difference. “when I started to lecture hedge funds”. If only you knew how stupid you sound!
By the way, Dixon, you’re talking about fraud in its simplest form!
By TheQuesoviejo on Feb 28, 2010 | Reply
Once upon a time …
Once upon a time buying a home in the USA
required a 20% down pmt. Various government legislators & special interest groups complained that lenders discriminated against minoritys & low income families. Lenders came under increasing pressure,
& new kinds financial products were devised.
For a while it worked and everybody made money. As long as prices were rising you couldn’t loose. It’s the nature of all bubbles to burst eventually.
to lend to this demographic
By thouston7 on Feb 28, 2010 | Reply
If there was …
If there was regulation in place to keep people from getting massive housing loans without verifying their income, this would have never happened.
By rupertmja1 on Feb 28, 2010 | Reply
No – regulation is …
No – regulation is not the answer. There is enough regulation – trouble is, people trusted it and therefore, went in head first without thinking. There needs to be less regulation, which would force the punter to do a bit of research and come to better educated decisions.
By acrowBruto on Feb 28, 2010 | Reply
visit imsuccsyst . …
visit imsuccsyst . blogspot . com or watch my videos and know how to be a successful manager
By parksjan on Feb 28, 2010 | Reply
Nice work. keep it …
Nice work. keep it up. mean time come for social media marketing for esteembpo**com
By ne1l007 on Feb 28, 2010 | Reply
Very true. This is …
Very true. This is exactly what is happening, this is why we are seeing prices in certain commodities surge such as oil, gold.
By PeelTower on Feb 28, 2010 | Reply
I never heard so …
I never heard so much said about so little by someone so unknowledgeable.
We know that the rich lent to the poor and sold on the debts to the unsuspecting. There is one and only one answer to prevent this sort of thing again and that is regulation. It won’t happen and the greed merchants who gamble with others’ money will continue to con and lie their way to personal wealth at the expense of the rest of us who actually work for a living.
By bigfishn on Feb 28, 2010 | Reply
When the bill came, …
When the bill came, I decided not to tip the waiter because he was wearing an Obama T-shirt. I explained to him after i ate that I wasn’t going to tip him but I was going to redistribute his tip to someone that I deemed more in need, specifically the homeless guy outside. He stood there in disbelief, then angrily stormed away.I went outside, gave the homeless guy $5 and told him to thank the waiter inside.Wonder how the waiter liked that “change”.
By gonadsintexas on Feb 28, 2010 | Reply
New unearthed …
New unearthed evidence,obama says subprime even after it failed was a great idea, and we have this subhuman picking the drapes for white house, America is going to in a handbasket
By whythebailout on Feb 28, 2010 | Reply
This gentleman may …
This gentleman may be correct, but this video is not very informative.
By pjvdixon on Feb 28, 2010 | Reply
Thanks very much. …
Thanks very much. Patrick
By pjvdixon on Feb 28, 2010 | Reply
Thanks – look at …
Thanks – look at the latest videos – turqouise button top right. Patrick
By TankMonster105 on Feb 28, 2010 | Reply
While Obama & the …
While Obama & the Democrats were cashing their big paychecks from FannieMae, McCain and 18 other REPUBLICAN Senators loudly predicted this disaster and tried to STOP it.
Their letter (5 May 06):
tinyurl (dot) com/3q6dc9
(fix the “dot”)
Note that NOT ONE DEMOCRAT signed this letter.
It was published in the NY Times, LA Times, etc.
Where was Sen. Obama that day? Running for President, too busy to care.
He did no favors to those unqualified borrowers. The chickens came home to roost.
By MagikPoo on Feb 28, 2010 | Reply
My Dear Dr. Dixson …
My Dear Dr. Dixson you are a goldmine pardon the pun. I was looking for a REAL way to explain to my family what this whole credit fiasco was all about and you sumed it all up in a simple answer no one knows exactly what they are doing. Thanks doc im cured.
By valhala56 on Feb 28, 2010 | Reply
Great reply edward …
Great reply edward to this rabble rouser tellthetruthh. I suspect that as the US economy implodes he will be a loudmouth rabble rouser scapgoating Hispanics. This kind of thing always happens with angry people looking for a group of people to point their sticky fingers at.
By investur on Feb 28, 2010 | Reply
You mean the …
You mean the foreigners who have been lending America for 30-40 years are paying for it when America collapses. Most americans have been living beyond their means on the backs of non-Americans.
By edward1melnik on Feb 28, 2010 | Reply
Tellthetruthh, …
Tellthetruthh, change your username to -Idon’tKnowwhatI’m saying. I’m not hispanic,I’m european temoporarily residing in US & I know that you’re totally wrong about everything you wrote. First of all, Hispanics were not given preference to get Mortgages, everyone who could breath and had $20 could get it,secondly and most IMPORTANTLY no person may get any loan even for 1 dollar & especially a Mortgage without SSN. Same as no person may get any SS Benefits without SSN.Check at SSOff before liying
By geejun30148 on Feb 28, 2010 | Reply
Great stuff Patrick …
Great stuff Patrick, I wish I saw this last year, it would have reinforced my vague knowledge of what was happening .
Anyway guru, what is your view of the next 6 months ahead.
By lfg323 on Feb 28, 2010 | Reply
you are so right on …
you are so right on this. it sux that my people were sold into these type of loans due to ignorance. cash is king, cash is king. its all a transaction business!!!!!!!
By tellthetruthh on Feb 28, 2010 | Reply
HISPANICS were the …
HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren’t so greedy they would not be in this situation. Most of them didn’t even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!!S0illegals aliens are milking the system again!!! While Americans pay the bill!!!
By tvklaus on Feb 28, 2010 | Reply
The subprime crisis …
The subprime crisis was spotted, f.e., in 2003 by the german magazine “konkret”. But the first who spottet the general development of, let us say, capitalism, was old good guy K. M.
By BubbFromGEI on Feb 28, 2010 | Reply
The subprime crisis …
The subprime crisis could have been spotted one or two years before it came, using the most simplistic analysis. Anyone who missed it must have beeb rather thick, or was blinded by greed. Packaging toxic waste, only looked complex, because it was designed to blur the risks. Stay away from what you do not understand.