Monday, March 23, 2009

The Crisis of Credit Visualized

A friend of mine introduced me to this video on the weekend and it is a perfect description of what happened in the financial markets. A must watch for anyone who wants to know what happened and what the "complicated derivatives" instruments were that everyone is talking about.

My personal favourite part is when they show "irresponsible" borrowers. My friend and I glanced at each other as we both new the part about "irresponsible" borrowers was coming. As it came up we burst out laughing. Follow this link for Part II.

The original website is by Jonathan Jarvis.

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