Recognized for Excellence in Bankruptcy – Your Financial Life-Saver TM
Posted by David Leibowitz on February 22nd, 2009 in Uncategorized
Lakeblawg doesn’t usually re-post from other places. However, this video is extremely well done, if at times over-simplified. Lakelaw does not agree with the 9/11 connection that the video makes.
However, we agree that sustained low interest rates set by the Federal Reserve post-9/11 encouraged bankers and investors to take inordinate risks. Further, fraud, greed and indifference of mortgage lenders in mortgage loan underwriting has to be noted. Finally, for the life of us, we will never understand how bond rating agencies decided that subprime mortgages could metamorphose into AAA securities.
With that in mind, check out this video:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
What are the warning signs that I need to file for bankruptcy relief?
Illinois Lawyer David P. Leibowitz handles business law, estate planning, probate, asset
protection, consumer bankruptcy, business bankruptcy, real estate, elder law, guardianships, identity theft, consumer protection, commercial collections and foreclosure defense matters from Chicago to Milwaukee with offices in Chicago, Skokie, Waukegan, Milwaukee and Kenosha.
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