Thursday, February 19, 2009

Crisis of Credit --- The Video

Jonathan Jarvis has created a 'user-friendly' video that explains the credit crisis---and shows how mortgages, sub-prime mortgages, CDO's, Credit Default Swaps, Investors, Brokers and others created the credit crunch.

If you or somebody you know gets confused by the financial alphabet soup that the media is constantly talking about, this video does an excellent job of explaining the mortgage mess in laymen's terms...

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

(10 min 50 sec)

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