The Crisis of Credit Visualized

This is by far the most educational video regarding the credit crisis, and perhaps the best way it could be explained, I’ve seen yet.  Jonathan Jarvis delivers and explains how we got into this mess we’re in.

While the video itself it extremely insightful; I am more angry than ever at Wall St.  Thanks to Jarvis.  I have to say that what the Wall St. guys did is, in my opinion, completely criminal.  But it also goes both ways.  While Wall St. is out for cash, the people who purchased the homes worth $700,000 but didn’t earn close to $50,000 a year are also to blame.  Where in the world did you think you were living?  This isn’t a rap video.  Sheesh.

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February 22, 2009