The Truths About Money That Banks Don't Want You To Know (Investing. Business. Finance)

Описание

The 2008 crash was so severe that it's still considered the greatest financial crisis. in recent history the united states lost two trillion dollars worth of value and 8.7 million jobs disappeared in a glimpse of an eye.
that meant that millions of people couldn't feed their families, especially those who lived paycheck to paycheck no one really knew what to do in that case even the fed.
people lost faith in the banks because they had misused their power and destroyed the economy as a result that banks were the major reason behind the 2008 crash.
while this might sound like an exaggeration, it wasn't for many who struggled to put food on the table but that's not what made people hate wall street. even though they were mostly responsible for the crisis by giving high ratings to junk loans or bad loans.
in simple terms take aig for example one of the biggest financial institutions in the US or to be more precise one of the biggest until 2008.
it purposely gave triple ratings to loans that they knew were junk loans and their borrowers will default why did they do that. you may ask. just to make money out of thin air.

If you find the video helpful then, LIKE and SUBSCRIBE to this channel for more.
#BanksLied #TruthsAboutMoney #PersonalFinance #InvestingBusinessFinance
--------------------------------------------------------------------------------------------------------------------------------------------
Other videos recommended for you:

WATCH 🎥: Massive 80% Crash is Coming - https://youtu.be/_u-HukC6_24

WATCH 🎥: How to Improve Your Financial IQ - https://youtu.be/SiXxcg50H1A

------------------------------------------------------------------------------------------------------------------------------------------
Disclaimer:
This is NOT Financial advice and everything that is said in this video is for Educational and Entertainment purposes only, thanks.