Understanding the Credit Crisis
If you're anything like me, you've had a hard time wrapping your mind around the current Wall Street/credit crunch mess. Sub-prime mortgages? Leveraging? Huh?
Which is why I've got to recommend this video: The Crisis of Credit Visualized. Compiled as part of his thesis work at the Art Center College of Design in Pasadena, California, Jonathan Jarvis uses graphics and plain talk to explain the convoluted relationship between homebuyers, brokers, investors, and all of the other players involved in the credit markets. It doesn't offer any answers to the problems we find ourselves dealing with now, but it at least explains how we got here. Check it out!
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Which is why I've got to recommend this video: The Crisis of Credit Visualized. Compiled as part of his thesis work at the Art Center College of Design in Pasadena, California, Jonathan Jarvis uses graphics and plain talk to explain the convoluted relationship between homebuyers, brokers, investors, and all of the other players involved in the credit markets. It doesn't offer any answers to the problems we find ourselves dealing with now, but it at least explains how we got here. Check it out!
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Labels: economy
posted by Justine at 11:42 AM
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