Media Monday: Credit Crisis Visualized

Last week the impact of the credit crisis finally hit one of the houses on our street. The house 3 doors down from us is now under foreclosure. So I thought it’s appropriate try to re-visit and understand again what this financial disaster is all about. Someone made a video to try to explain it… I think he did a fairly good job but there’s still a lot of complicated financial terminology involved:
Tim’s thought of the video: “I’ve now seen the ugly side of capitalism and it’s not pretty.”

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