american crisis1

American Crisis

Now $100 Tomorrow $110

The banks, whose mission is to sell money, acquired very low interests and thought that if could raise the interests and give many credits they would make business

Were born the NINJA (No income, no job, no assets)

This kind of people without entrances could obtain money to buy the house of his dreams and they even gave " him; extra" of the value of the house because they trust that in a time the property would be worth more.

The NINJAS buy:

The Bank give so many credit's, than they finish the money, they must look for more and create the naming, in others words package of mortgages

1000 mortgages=10 package of 100 include: good, regular and bad mortgages

The solution was very easy: go to others Banks

The prices of the American homes go down. A lot of NINJAS realized that they were paying

more for his houses than they decided (or they could not) to not continue paying its mortgages.

Nobody wants to buy MBS, CDO, CDS

No Credit's Sell buildings Campaign for save money Because some people have to pay the

mortgages, they spend less in the commerce Because the commerce fell the people

buying less, they buy less to the fabric And fabric dismisses personal, because they

don’t have profits

Banks don’t have money Consequences

The beginning of all this crisis is the lack of banking supervision in countries like the United States.

Conclusions