Awesome Cartoon explanation of credit crisis
Posted by
Clever Dude
|
February 20, 2009 .
It’s about 11 minutes long, and doesn’t discuss some of the really shady things that happened, but this cartoon by Jonathan Jarvis is a really good primer that almost anyone can understand:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
If you’re reading through email or an RSS reader, you may need to click through to watch the video
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Posted under
Finances & Money |
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Clever Dude and his bride started with $500k in debt and in just 4 years, it's down to $300k!
Aside from vilifying the investors a bit too much, this was a fantastic cartoon to watch. Well done Jarvis.
It was very well down and gives a great explanation of how the credit crisis came to be. I agree, though, that Jarvis was coming down on the investors a bit heavily in some places. There was some responsibility to the borrowers who got themselves into situations they knew they couldn’t afford. But, aside from that, excellent visual!