A Great Tutorial on The Credit Crisis

[Tony Severino]

Here are a couple great videos by one of my favorite mortgage folks, Barry Habib. Barry shows you, in his very simplistic fashion, why the economic crisis is not really a money issue, but an accounting issue.

He explains why giving the banks the 700+ Billion dollars was the best thing that the government could have done to prevent a greater crisis from happening and what to expect for the future.

I think what you hear will really surprise you.

Part 1
http://www.youtube.com/watch?v=j-jwGBwDXB8 about 9 minutes

Part 2
http://www.youtube.com/watch?v=C9i8FicOSBc ( about 8 minutes)

I welcome thoughts....

Tony