This Banking Crisis Will Get UGLY Fast! It's Worse Than 2008

This Banking Crisis Will Get UGLY Fast! It's Worse Than 2008

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Sources
https://www.canadianmortgagetrends.com/2023/11/four-big-banks-to-be-impacted-by-osfis-new-capital-requirements-for-negative-amortization-mortgages/
https://www.nber.org/digest/aug15/us-foreclosure-crisis-was-not-just-subprime-event
https://financialpost.com/globe-newswire/equifax-canada-uptick-in-fraud-across-automotive-credit-card-and-mortgage-sectors#:~:text=Additionally%2C%20the%20report%20suggests%20the,cent%20in%20the%20past%20year.
https://www.nber.org/digest/aug15/us-foreclosure-crisis-was-not-just-subprime-event
https://tradingeconomics.com/canada/interest-rate
https://tradingeconomics.com/canada/unemployment-rate

#BankingCrisis #Banks #Recession

0:00 - The regulators are too late
0:50 - Why now?
1:50 - LTVs of dodgy mortgages
2:30 - Banks under pressure
3:00 - Subprime mortgage crisis
3:40 - Hilarious
4:50 - The bad banks
6:30 - Variable rate exposure
7:27 - Always late
8:38 - They knew about it!
9:30 - “Dangerous product”
10:25 - It is worse than 2008
10:50 - Prime borrowers
11:50 - Very similar
12:58 - Subprime mortgage market
14:42 - Fraud in the mortgage market
16:00 - Mortgage fraud is the most common type of fraud
16:30 - Unemployment
16:48 - Two bailout options. What do you think?
17:20 - Stimulus vs bailout