Comments by "Samson Soturian" (@samsonsoturian6013) on "What Caused The Financial Crisis of 2008?" video.

  1. These days most banks don't even offer variable interest loans.
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  2. Bought my first house a few months ago. The paperwork was rigorous but the interest rate was equal to the rate of inflation. The banker said they expected interest rates and inflation to fall and told me to simply refinance when that happened. They immediately sold my debt to an investment bank that's being a real jerk and won't let me pay ahead and wants me to trip up miss something so I'd pay late fees. In both of our cases, the biggest loser are the people who happened to be holding the loan when things don't go their way.
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  3.  @ducknorris233  It's because the bank can hedge away that risk with an interest rate swap. They set their own interest rate, so they just price in their own insurance.
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  4. That's what all bubbles are. Turning everyday items into money printers by arbitrarily reassigning values.
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  5. Heck, you need a small book just to understand how to fairly price a stock option.
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  6. Don't you have a shock therapy session or something?
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  7. Elected officials had very little control over these matters.
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  8. All the effects of the crash were gone by 2012. Idiots were still insisting there was still in recession in 2019 because politics
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  9. Found the thief
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  10. The government still subsidizes first time home owners, but that just brings a lot more regulatory requirements. It can get months to get all that taken care of.
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  11. Shut up, you incompetent freak.
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  12. That's silly. No one defaulted on mortgages simply because gas is expensive.
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  13.  @arikkatzenberg4498  Put that back up your butt where you got it before your girlfriend does.
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  14. You can. It's called stealing.
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  15. Watch the video. No amount of regs can stop fools from being fools.
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  16. To add: US debt was artificially cheap for a time because China used T-bills as a foreign currency reserve and targeted an inflation rate above the US in order to encourage exports. In other words, China was lending to the US with printed money.
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  17. The Canadian and US economies are one and the same.
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  18. How much have you lost in crypto?
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