Although this was aired some time ago last year, I believe it puts some light on what's going on in the financial and real estate market. We are asking ourselves: how could this happen? With all the conflicting and confusing news we are bombarded with every day, and the hole seeming to get deeper and deeper for the financial institutions, I thought this video helps to understand the underlying problem. Does it make me feel better? I cannot say that, but I prefer to know and understand. The question still remains: How can it be fixed? Is it fixable? How long will it take? Thinking about that 94% of Americans pay their mortgages and that we really only talk about 6% of the market, it is amazing that people could take these 6% and create such a crisis. I am still looking to find more information to understand better and get a clearer picture.
In the meantime, I believe that everything is well. If you wish, check out my blog "All is Well - Life is Good", and hopefully it will make you feel better.
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