What is credit crisis?

[thelake]

Everybody should see this! It perfectly summarizes and explains what is currently going on in the global economy! There will be a video once the page opens, wait for it to display itself ;)

http://crisisofcredit.com/

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.

Comments

[cancoydu.livejournal.com]

omg this was perfect! even i don't understand every sentence..
but now, it means something to me..
i knew the crisis began in usa, i knew it'S because of mortgages, but anything else? no. but now? yes. thanks :))

[thelake.livejournal.com]

you're welcome! it was amazing and strangely fun for me too!

[cancoydu.livejournal.com]

yes, i should give this as an idea to my economics teachers :D

[rawthorne.livejournal.com]

That was excellent. Simplified just enough to be understandable without losing any of the important bits.

Thanks so much for linking to it.

[thelake.livejournal.com]

you're welcome :)

[nowgold.livejournal.com]

I will have to come back to this, because i can't watch videos at work :(