»»»»»»»» 60 Minutes October 5, 2008 Video – Watch Sixty Minutes Talk About the Wall Street Shadow Market and Mortgage and Credit Crises Bailout…



Jim Grant, a credit expert, talked with Steve Kroft last night on 60 Minutes, talking about how Wall Street caused this mortgage crises that turned into a credit crises that turned into something worse.


A former derivatives broker was also on 60 Minutes, talking about the complex formulas that failed since you can’t “model human behavior with math.”


Watch the 60 Minutes video below. I’m just thanking God for blessing me enormously in the midst of this financial madness — and for giving me the chutzpah to pay off my debt, while helping others at the same time.



WATCH THE 60 MINUTES OCTOBER 5, 2008, VIDEO ABOUT WALL STREET CRISES AND “CREDIT DEFAULT SWAPS” THAT BEAR STERNS, AIG AND OTHER MORTGAGE INVESTORS ENTERED INTO, A HUGE UNREGULATED MARKET:


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