The Credit Crisis Simplified
Date: Thursday March 26, 2009Posted in: mortgage, real estate, foreclosure, credit crisis, default swaps
Excellent, simplified explanation of our current credit crisis by Jonathan Jarvis illustrating how the demand for mortgages was driven by investor greed:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Want a more indepth discussion of the source of the crisis? Listen to this interview of Frank Partnoy, a law professor and former Wall Street trader, by Terry Gross of Fresh Air on National Public Radio. Fresh Air with Terry Gross is the best radio program on the air waves, in my opinion.
http://www.npr.org/templates/story/story.php?storyId=102325715
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