The Credit Crisis Explained in Pictures

For those who haven’t seen it, this video is a fantastic explanation of how the credit crisis formed.

Using language that a lay person can understand and fantastic animated graphics, the video explains the link between homeowners, mortgage brokers and lenders, Wall St, institutional investors, ratings agencies, CDOs and CDSs.

It shows at what point greed overtook the bankers and how the whole system came crashing down.

For those who haven’t seen it, this video is a fantastic explanation of how the credit crisis formed.

Using language that a lay person can understand and fantastic animated graphics, the video explains the link between homeowners, mortgage brokers and lenders, Wall St, institutional investors, ratings agencies, CDOs and CDSs.

It shows at what point greed overtook the bankers and how the whole system came crashing down.

It is timely for people to ‘revise’ again what happened in the build up the Financial Crisis, because there is a dangerous sense growing in some circles, and in pretty much all of Asia, that says the Crisis is far behind us and normal service has resumed. It is almost a case of ‘Crisis? What crisis?’

This a scary thing to come across because a lot of the fundamental issues have not been solved, and if there is another Financial Crisis, it is going to be much worse than the last one.

You can enjoy the full experience over at http://crisisofcredit.com/ or watch the video below.