The Crisis of Credit Visualized
Posted on March 6, 2009 by rockingjude
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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"Someone recently said that credit was the life blood of the economy. This happens to be a lie. Hard work, production, and the creation of products that are needed and wanted by others—these are the true life blood of an economy." -
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Great explanation. i just finished watching a 3 aprt docu by Evan Davis called “The City Uncovered” by the BBC. But this is a great little video explanation for sure. So few people really understand how all this works.
This didn’t take into consideration Fannie Mae & Freddie Mac and how them buying risky loans artificially reduced the risk. Doesn’t take into consideration the politics of why Fannie & Freddie grew into that position.
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