On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation…

The Enspire Learning Network ( www.enspire.net ) presents a visual demonstration of the changes in mortgage banking that led to the current financial crisis. To learn the basics of the financial crisis, watch our other video, “Understanding the Financial Crisis.”

A California Policy Perspective on the Financial Crisis Darrell Steinberg, President Pro Tem.-elect, California State Senate Larry Rosenthal, UC Berkeley, Moderator Panel 2: Demography and Geography of Foreclosures Robert Edelstein, UC Berkeley, Moderator “House Prices, Interest Rates, and the Mortgage Market Meltdown ” Chris Mayer, Columbia University “Subprime Mortgages, Foreclosures, and Urban Neighborhoods” Paul Willen, Federal Reserve Bank of Boston Discussants: Mark Garmaise, UCLA …