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
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.
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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