Mar 1 2009

The Very Helpful Credit Crisis Video

Many people have heard of the economy tumbling because of the housing crisis which became a credit crisis. At first, I had no knowledge of what such a crisis meant. I learned more through many mornings of waking up to CNBC but I was still confused. And since the economy went down the drain, I didn’t care and didn’t want to watch any more tickers with numbers in the negative and in red.

Anyway, this video makes it simple to understand how our recession came to be. Watch and learn.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

If you liked this post, please leave a comment, share it, or subscribe to my RSS feed.

2 Comments on this post

Trackbacks

  1. Chiko777 said:

    Yes! this video does a great job in simply explaining the credit crisis.

    March 3rd, 2009 at 11:36 pm
  2. RobertD said:

    Simon I will give you credit you found a simple video that honestly explains how greed got us into this mess.

    And it was not just one groups greed, but the greed of all of us in society, we are all connected to this mess in some way. The fantasy is over and it is time to pay the piper.

    Simon you are on the right route to end up prosperous, but it takes time. You have gotten a good start from parents that taught you not to waste your money. Just stay out of debt as much as possible and you will get there.

    The unfortunate fact is that very few of us had parents that did that. That is why we and our nations are all in such deep debt. Some of us have done what it takes to get out of debt, but many will take the easy route, by not paying their debts.

    All the best for a bright future from budgetingsense.com

    March 10th, 2009 at 8:27 am

LEAVE A COMMENT

Subscribe Form

Subscribe to Blog

null

null

null

Useful Links

LMI Landlord Insurance
UK Commercial & Residential Let Insurance Brokers.
Landlord Insurance Policies include Repair, Rent Loss & Liability cover.


UK Caravan Insurance
Caravan Insurance from Insure My Caravan


Public Liability Insurance
CETA provide Online Quotes for UK Employers & Public Liability Insurance policies.


Home Insurance Quote
UK Buildings & Contents Home Insurance Policies


Home Insurance quotes online, Buildings and Contents Insurance.

Topics

Proud Member of the Yakezie Challenge