Crisis of Credit - Visualized

[ogdru_jahad]

Some of you may very well have seen this on Digg or elsewhere, but I haven't caught it going around until tonight. This video is a 10-minute overview of the lending practices that exploded into the credit crisis. It glosses over a few bits, but is an excellent primer. Even if you're familiar with the information (or don't care, the graphic

Comments

[operations]

You're right, it's a good video and it sums up the credit crisis pretty well. It glosses over laws requiring lenders to issue sub-prime mortgages. It also glosses over that those who could pay their mortgages but walked away due to dropping home value could have been helped by better economic education. As long as I can pay my mortgage, I will, because eventually all economies recover and then the value of my home will go back up.

No shit is forever, after all.

[paradoxymoron]

Dammit. It's not there anymore.

[operations]

Are you sure? I just clicked on it and it loaded?

Perhaps some anti-virus or script blocker is blocking it?

[paradoxymoron]

It's working now!

It stated it wasn't available on the website. Weeeeird.

[paradoxymoron]

This is good.