"Credit Crunch", "Subprime mortgaged", "Leverage".. you regularly come across such complex jargon thanks to the ongoing Financial Crisis but what exactly do these terms mean? What is "Credit Crisis" and how did it happen? Why did big banks like Lehman Brothers have to go bankrupt?
The Credit Crisis Visualized
If you are not from a finance background but still like to understand the whole credit crisis, just watch the following video (animated story) that explains the entire story of the Credit Crisis in Plain English.
I found this video easier to grasp that reading a 8000 word essay on Wikipedia.
To watch this video offline, download the HD quality clip from the CrisisOfCredit.com website. Credits: Jonathan Jarvis.
Find this article at: http://www.labnol.org/internet/credit-crisis-explained-in-simple-english/7431/
Reader Comments
Amit!
Really thanks for such an enlightening video!
Regards
Venkat
Written by venkatraman on 02.19.09
Before starting my blog, I was there in a MNC dealing with Financial Bank based in US. There we talked about the crisis so many time and got many sources to understand that. But the explanation provided here is so real and explanatory.
Thanks for sharing.
Written by Sanjeev Mishra on 02.19.09
Amit:
Thanks for sharing this with us. It is a nice video explaining credit crisis in gr8 detail. I am sharing this with all my friends.
Written by Sai Gudigundla on 02.19.09
Excellent video. There were two radio shows that covered the crisis in plain English but visually makes it easier. The points covered in video are part of this first radio show (link below) but if this fascinated you then listen to the second radio show which shows how this FIA$CO is really an INTERNATIONAL problem and SOOOO much deeper as well! I love this blog!
LINK 1: link
The giant pool of money – mostly covered in video.
LINK2: link
Another frightening show about the economy – have suggested to video author that he create this in video too!
Written by JJ on 02.19.09
Thanks for the video,i got a full scenario after watching it.
Written by Murali on 03.03.09
awesome video, thanks for sharing this Amit!
This video simply makes things so easy for everybody to understand what is happening in the world… and really shows the true power of leverage (both in a positive way and in the negative way)
Written by Yong-Long on 03.31.09