1 00:00:00,042 --> 00:00:05,018 La crisi creditizia - una rappresentazione visiva 2 00:00:09,000 --> 00:00:10,045 Cos'è la crisi creditizia? 3 00:00:10,072 --> 00:00:17,001 E' un fallimento finanziario a livello mondiale che comprende espressioni famose 4 00:00:17,013 --> 00:00:23,021 come mutui sub-prime, CDO, congelamento dei mercati e Credit Default Swap. 5 00:00:23,033 --> 00:00:26,019 Chi riguarda? Tutti quanti. 6 00:00:26,031 --> 00:00:28,080 Le cause? Eccole. 7 00:00:28,092 --> 00:00:31,083 La crisi creditizia ha connesso due gruppi di persone 8 00:00:31,095 --> 00:00:33,096 proprietari di case e investitori. 9 00:00:34,007 --> 00:00:39,027 I proprietari di case rappresentano i mutui, gli investitori i loro capitali. 10 00:00:39,039 --> 00:00:44,068 Questi mutui rappresentano case, mentre i capitali le grandi istituzioni 11 00:00:44,080 --> 00:00:50,037 come fondi pensione, assicurazioni, fondi sovrani, fondi comuni, ecc. 12 00:00:50,049 --> 00:00:54,031 A riunire questi gruppi è il sistema finanziario, 13 00:00:54,031 --> 00:00:57,031 l'insieme di banche e brokers meglio noto come Wall Street. 14 00:00:57,031 --> 00:01:04,052 Per quanto sia difficile da immaginare, le banche di Wall Street sono strettamente legate alle case di Main Street. 15 00:01:04,064 --> 00:01:07,026 Per capire il perché, cominciamo dall'inizio. 16 00:01:07,039 --> 00:01:11,069 Alcuni anni fa gli investitori stavano seduti sui loro mucchi di soldi 17 00:01:11,081 --> 00:01:15,025 alla ricerca di un buon investimento per ottenere ancora più denaro. 18 00:01:15,037 --> 00:01:22,012 Normalmente avrebbero acquistato dei Titoli a breve termine dalla Federal Reserve, da sempre l'investimento più sicuro. 19 00:01:22,024 --> 00:01:26,062 Ma subito dopo la bolla delle dot-com e l'11 settembre, 20 00:01:26,074 --> 00:01:33,082 il CEO della Federal Reserve, Alan Greenspan, decide di abbassare i tassi di interesse all'1% per rafforzare l'economia. 21 00:01:33,094 --> 00:01:39,069 L'1% è un ritorno molto basso per un investimento, quindi gli investitori dicono "no grazie". 22 00:01:39,081 --> 00:01:46,053 D'altro canto però, ciò significa che le banche di Wall Street possono ottenere prestiti dalla Fed con l'1% di interessi. 23 00:01:46,078 --> 00:01:51,058 Sommatelo ai surplus di Giappone, Cina e Medio Oriente 24 00:01:51,070 --> 00:01:54,033 e si ottiene una gran quantità di credito a basso costo. 25 00:01:54,031 --> 00:02:00,063 26 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