Nice & Simple Explanation of the Credit Crisis
Posted on February 20th, 2009 by MoneyBlogger
By now, most of us have some sort of idea of what caused the current financial crisis. Some notable attempts at a simplified explanation include these Powerpoint slides with stick figures, this British comedy routine, and the “Giant Pool of Money” NPR audio broadcast. Even the New York Times had a go.
Well, here’s one more by Jonathan Jarvis, which also happens to be excellent. If anything, it surely has the best animation and graphics of them all. Also available in high-definition (but it’s big). Via Bogleheads.
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