The Crisis of Credit Explained!
I think this video does a fantastic job of explaining the credit crisis in simple terms. It doesn’t really discuss some of the newer developments, and it certainly over-simplifies some of the issues at points along the line. But it explains the events that initially got us into this mess about as clearly and succinctly as they can be explained. If you’re new to the economics of the credit crisis, you may still be a little shaky after a single viewing, but you’ll certainly understand things much better. And even if you consider yourself a financial pro, you’ll likely have a clearer understanding of how the various problems facing banks, lenders, investors, and homeowners are connected after watching this. It’s 11 minutes long but its definitely worth it. And don’t forget to share your thoughts about it in the comments!
From Vimeo via MentalFloss
