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Crisis of Credit YouTube Video

Click the picture below (or copy and paste the bottom link) to watch this informative video that shows a step by step of the Credit Crisis created by Jonathan Jarvis. Note how the speaker's voice gets slightly more cynical towards the end.

<click picture to view video>

Source: http://www.youtube.com/watch?v=kzQOT5atka8&feature=player_embedded

Posted by Sara Goodwin - Portland, Oregon Appraiser on 10/24/2009 12:26 PM

Comments (3)

credit crisis, video, youtube, finance, laymans terms

Post is included in group: Mortgages

3 Comments on Crisis of Credit YouTube Video

OCT

That was a well spent 12 minutes; simple enough for anyone to understand. And Angelo Mozilo is still rich, and living free.

Sara - Unfortunately, most won't take time to try to understand and will just complain that the government needs to do something to bail them out. And now everyone has a hand extended and the government cannot restore either business or individuals to their original position.

OCT

Glad you liked it, Gregg - I love finding good quips like this one as a simple guide to this chaos.

John ~ We as a nation certainly seem to come up with more complaints than solutions (and knowledge).

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