The Credit Crisis Explained in Simple English

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Published in: English - tutorial

“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.

Published in: English - tutorial

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Web Geek, Tech Columnist
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Amit Agarwal

Amit Agarwal is a Google Developer Expert in GSuite and Google Apps Script. He holds an engineering degree in Computer Science (I.I.T.) and is the first professional blogger in India. Read more on Lifehacker and YourStory

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