Video of the Week – What Caused the Real Estate Crisis

Written by on October 18, 2008 — 2 Comments
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Jay is a Marketing Technologist living in Steamboat Springs, CO. His experience includes work with iXL & Agency.com, and he's been a part of 9 start-up businesses. Most recently Jay has been the principal consultant for Altera Performance Group. In his spare time Jay organized and started Ride 4 Yellow , Ignite Steamboat and runs a photography site www.SteamboatPics.com. You can follow him on twitter here.

2 Comments on "Video of the Week – What Caused the Real Estate Crisis"

  1. Tim Aigner says: October 20, 2008 at 8:14 am · Reply

    What happened to providing relevant topics that help sell real estate? This is just political spin and finger pointing, and I could show you the same thing about the Republicans. It doesn’t surprise me however that this video is out there as it seems that on-line smear campaigns and spin are pretty par for the McCain campaign to get their ‘message’ out. I did not finish the whole video as I did not find it relevant to real estate and more of a McCain platform. I guess I am bummed and expected something other than campaigning.

  2. Steamboat says: October 21, 2008 at 10:25 pm · Reply

    I think this is an excellent post. It is amazing how many people don’t understand or get it when it is explained that the loosening of standards for Fannie Mae mortgages virtually guaranteed the dramatic increase in defaults. Secondly the same people that increased the default risk so dramatically allowed banks to take on creative mortgage bonds within their capital reserves ( to allow more low quality mortgages to be issued) and this has what caused such a rapid fall.

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