Warren Buffett Explains the 2008 Financial Crisis

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Information Warren Buffett Explains the 2008 Financial Crisis

Title	:	Warren Buffett Explains the 2008 Financial Crisis
Lasting	:	5.31
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Views	:	1,8 jt

I'm surprised he said the government did a good job? So bailing out the banks was the right thing to do?
Comment from : Jay-C

Explains nothing
Comment from : Aditya Khapre

During the 2008 collapse, Warren Buffet said, "There will always be more pie" meaning that the Federal Reserve wil just print more money But what he failed to explain is that after printing more money your slice of pie will be a smaller percentage of pie compared to all the new pies on the shelf
Comment from : David Watts

People! Read Marx, Engels and Lenin, become communist You will never become rich, the game is rigged from the start
Comment from : nischiy

Despite Treasury rates and other safer cash-like investments yielding high returns, 51 of investors still believe that it is a good time to invest in stocks, mutual funds, ETF's and other equity-based products since the end of 2008 – the year of the global financial crisis – I want to spread across $400k into profit yielding dividend equities but unsure of which to get into
Comment from : Nick

Thank goodness the government stepped in to replace the housing bubble with a 10 times larger everything bubble that is currently being pricked by jacking up interest rates
Comment from : NowWhat?

What's the name of background music?
Comment from : Sanjeev Kushwaha

mmmm, Warren didn't give anything new here
Comment from : Ridzki Akbar Samsulhadi

KITES IN A HURRICANE WEAPONISED FOG OF WAR BUBBLES ARE PONZI HEAD SHOT! U ENABLED THIS NOW CLEAN IT UP FOOLS!
Comment from : Joseph

The main problem with the GFC was mortgage backed securities that were given AAA credit ratings Unfortunatlely, banks began lending to debtors who were not a good credit risk (subprime mortgages), of course, when interest rates increased these mortgages fell over Not only did the mortgage bcked securities lose value but so did insurance schemes eg credit swaps taken out on the security The result was AEG collapsed, Lehman Brothers collapsed and the good old taxpayer had to bail out the US banking system The taxpayer got nothing in return, not even equity in the banks they bailed out Huge transfer of weath from the indebted tax payer to wealthy institutions Clearly, the US requires a well maintined regulated banking system as capitalism, by itself will occasionally collapse
Comment from : Dom Plimmer

Both the Bush Admin bailout & Obama’s Stimulus did NOTHING for the American people Warren, shut up
Comment from : Kiri Chamberlin

i work in finance since 30 years shame on himbe transparent old man, we all knew, all of us how dare u
Comment from : Azoul1001

Well Atleast it’s exp,aimed by a guy that made billions from it… and one of the richest men in the world
Comment from : Willy Wonka

So you have A) people who wanted to own the place they live and stop depending on landlords and B) billionaires who wanted to be more billionaires by leeching on a broader market, but Buffet says everyone's got their share of guilt in the crisisbrbrJesus, nothing makes me hate more billionaires than actually listening to them People talk about risk as if the "risk" a wealthy person who inherited his money runs is the same as someone who lives in an unsanitary place and spends 3 hours on a crowded public transportation and work 10/12 hours a day are the same People, understand: the risk is only on the worker's side Always!
Comment from : Davih Rodrigues

Billionaires shouldn't exist
Comment from : Gabe Zarate

The train is picking up speedagain
Comment from : Steve Thomas

At the very least, I now grasp the concept of leveragebrCreating wealth and financial freedom isn't as tough as many people believe Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely
Comment from : Michael Baird