There is probably not a single person in the world today that hasn’t been affected in some way by the crisis that currently surrounds us. The majority have been affected negatively and a few positively, but everyone HAS been affected.
Not many people, though, and almost no one that has been affected without any direct link to the crisis (by this I mean people that aren’t in finance or finance related positions) actually really knows what happened and how we snowballed into something that comes along once a century.
Jonathan Jarvis, however, is someone who has and he’s managed to create an absolutely fantastic visual explanation of how this mess we’re in occurred. It explains mortgages, subrpime loans, collateralized debt obligations, securitization etc. in simple visual forms. The video is below:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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Finally get a clear picture of the credit crisis! Great video!!!
grt stuff jonathan and even grter way to present it….
is the east (countries like India, china and others) following the same model.
I hope our bankers and investors have learned something from the west and this recession.
sumit
Thanks Jonathan. Your explanation is so lucid that even a school goer would get enlightened. I wish , like Sumit put it, there is a visual that explains how it would take the route in India, given the participation of Black Money and Politicians.
Raghu Raman
Fantastic video………….u guyz r doin absolutely wonderful job…
Thanks Mayank.
Cheers!
Yameer
Investment activity in CDO’s and other securitized assets isn’t a new phenomenon that led to crisis. The underlying dilemma was the inability of the rating agencies to put a value on the levered and re-levered securities. The situation Wall St. finds itself in today is that we have “toxic assets” sitting that cannot be valued and cannot be sold.
Great Video!
For those getting into intricate stuff like “toxic assets” etc., please read the website name “laymans Mba”. Therefore, the ‘Layman’ would be able to understand this really well.
Good job!