Why investors are suing the banks

It all comes down to a little thing called fiduciary responsibility. Paddy Hirsch explains what a fiduciary is, and what his or her duties are. #MarketplaceAPM #EconomicExplainers #Investing
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[@Robbob9933]

Funny thing is that the banks were not, for the most part, creating these mortgaged backed securities. Fannie Mae and Freddie Mac were. They buy mortgages from banks enabling the banks to make more mortgages. They then bundled these loans up into bonds having just a good enough mix of risk to make them AAA. The big banks bought entire blocks of bonds and no matter what happens after that, as FMe and FMc created the underlying security that defaulted, they are the ones at fault.

[@7NullSeven]

I would like to have also seen some examples of instances in which there have been conflicts, but the banks DON'T have a fiduciary duty. This video does leave one with the impression that a bank can be a financial babysitter.

[@octdavian]

Paddy, you've summarized the last two years of corruption in the financial markets. Well done!

[@nchihata]

Very informative, thanks

[@abhinavitsmebellamy]

Thank you. Really well explained!!

[@Cocofive]

by jove, Thanks for explaining something complicated subject into simple to understand concepts.

[@amalekited]

I love these videos

[@dabazlegend]

Great Video

[@alehud]

thumbs up

[@SalesFanatic]

Nice video, although the end line about needing a drink is getting old

[@charcoaljohnson]

Just once I want to hear him say, "which would lead to everybody, badly needing to smoke some pot and chill the fuck out."

[@supersikh]

Badly needing a drink. ;) :)

[@0musing]

Hey Pat! Its friday and I am badly needing a drink :)

[@ZeteticPlato]

Nikola Tesla v Edison
Zetetic v Globular
Dodge v Ford= AMX
Eagle= Jeep
Dodge=Dodge

[@Qwazier3]

That is some chauffeur you hired. =)