The subprime mortgage crisis XPLANEd: The United States economy is suffering one of the worst financial crises in history, due to seriously flawed subprime mortgage lending practices over the past eight years. The repercussions have already been severe and continue to unravel. American people are fearful and unsure of what the future holds. How did we get to this point? Clearly understand the roles that borrowers, mortgage lenders, banks, financial institutions and asset backed securities played in creating this financial meltdown of historic proportion.
This four minute animated movie takes viewers through the process starting in 2000 and ending in current day. It details the role that home buyers, mortgage lenders, banks, financial institutions and ultimately asset backed securities played in this financial mess.