Credit Crunch Explained

[Seshmeister]

Last week in the real world someone asked me to explain it all to them and I think I just about managed but since then I've come across this which is the simplest explanation of it all I've seen.

<object width="400" height="225"><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="movie" value="http://vimeo.com/moogaloop.swf?clip_id=3261363&amp;server=vimeo.com &amp;show_title=1&amp;show_byline=1&amp;show_portr ait=0&amp;color=&amp;fullscreen=1" /><embed src="http://vimeo.com/moogaloop.swf?clip_id=3261363&amp;server=vimeo.com &amp;show_title=1&amp;show_byline=1&amp;show_portr ait=0&amp;color=&amp;fullscreen=1" type="application/x-shockwave-flash" allowfullscreen="true" allowscriptaccess="always" width="400" height="225"></embed></object><br /><a href="http://vimeo.com/3261363">The Crisis of Credit Visualized</a> from <a href="http://vimeo.com/jonathanjarvis">Jonathan Jarvis</a> on <a href="http://vimeo.com">Vimeo</a>.

[sadaist]

Very nice. That should be required viewing for every high school student. Maybe they'll learn some real world stuff.....other than MTV's Real World.

[Combat Ready]

Excellent!

[WACF]

Good video...

Goes to show why a bank should own the mortgage instead of selling them off.

Thank God the banks are regulated here.

I got a chuckle out of the people that did not out right qualify...the guy gets fat and they both smoke....

[Kristy]

I personally loved how they portrayed the the investment bankers as being obese.