February 21, 2009
The Credit Crisis Explained 1
As a person of no business background, I’ve learned tons about the word of banking, investing, and housing in the past few months from simply trying to understand how and why the economy is in its state today. Thanks to the internet, I’ve been able to read up on blogs, articles, and many other resources in order to grasp all these business terms and jargon.
Alas, as expected, you can also find tons of nice and neat summaries on the internet that describes the root of the economic crisis in a presentable and easy to understand fashion. That being said, today I’ve stumbled on a video of this nature that pretty much beats all the others I’ve seen so far. A real interesting video for those who are still wondering how and why the economy went asinine.
The video, titled The Crisis of Credit Visualized is by Jonathan Jarvis, a graphic artist in California. Catch the video after the jump.
Feb 21, 2009 @ 23:52:29
What also made it worse is that there were swaps on the swaps on the swaps on the swaps on the …