Friday, February 20, 2009

Crisis of Credit Explained in Video



11 minute video on Vimeo pictorially explains how the credit crisis developed starting tracing it to the dotcom boom and bust and Federal Reserve policies. It does not go into banking deregulation but does illustrate in particular how subprime mortgages, credit default swaps, and credit debt obligations, became (pardon the pun) household phrases. "The Crisis of Credit Visualized"

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