Financial Crisis 101

Pin It

Comments

3 of 13

Ali says a mortgage meltdown is primarily responsible for the economic trouble. The cycle started with regular Americans who were unable to afford their mortgage interest rates. As a result, banks foreclosed their homes. Eventually, the effects of the home foreclosures reached a global scale, causing a financial collapse. "We are very powerful people, because we caused this," Ali says.

Watch Ali's step-by-step lesson in the mortgage crisis.

3 of 13

From The Oprah Winfrey Show Oprah Fridays Live with Suze Orman and Dr. Maya Angelou

Published on October 03, 2008

Keep Reading

Suze Orman's Recession Rescue Plan

Have you been laid off? Behind on your mortgage? Get Suze Orman's five-step recession rescue plan and take control of your money.

Suze Orman's All-Star Advice

Financial powerhouse Suze Orman helps you uncover hidden wealth, pay off debt on department store credit cards and more.

America's Money Class with Suze Orman
Series Premiere Monday, January 9th at 9/8c

America's most trusted personal finance advisor and best-selling author Suze Orman holds a six-episode money class, tackling the toughest financial questions and revealing the rules for surviving in this volatile economy. Suze will provide real information and essential tools to help viewers get on their feet and take the steps to get their money in control. Suze will also give viewers a chance to win up to $50,000 when they take her final exam at the end of the finale episode.<br /><br /> Each week, Suze delivers a master class on money in front of a live studio audience, answering questions in-person and via video conference, as she offers her unique no-nonsense approach and provides solutions that empower everyone to own their financial future. Some of Suze's topics include, the most common money mistakes, surviving financial infidelity, prioritizing debt, buying and selling real estate, learning to talk about money matters with your family, how to get control of spending, what to look for in a loan and where you should invest. In each episode Suze provides an Action Plan with easy to understand, step-by-step advice for viewers, ranging from debt and retirement, to student loans and unemployment.