Causes of the credit crisis, visualized

Personal finance

A few months ago, I posted my which was originally authored by . Mr. Abadia has since written a book (in Spanish) about the crisis and focused much of his updates on the situation on Spain.

, a grad student at the highly regarded Art Center of College of Design in Pasadena, California (source of such designs as the Mazda Miata and Nissan Pathfinder, and alma mater) has created a very nice animation explaining the credit crisis and its causes in a simplified way. I think it’s easier to digest than the written explanation I provided earlier, so I’m providing it below.

If you still aren’t sure what caused our current situation, spending 10 min. to watch the two videos is probably worth your time.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.


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Trevor @ Financial Nut

I love this video. I haven’t found something that explains the crisis any better than this. Thanks for sharing it!

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neil fabricant

This is a very lucid video, but it seems to let some of the malefactors off the hook too easily. i’m sure you know this but i think it worth mentioning, for example, that the securitization process was greased by the credit rating agencies who gave AAA ratings to the worthless paper so they could grow their own businesses. They wanted a piece of the action and were willing to look the other way to get it. The homeowners were pushed into unaffordable debt by fee-earning brokers and bankers. There is much more to the story, not to mention the pay-to-play political system that made it al possible. Maybe another video?

Ryan @ IQ test

This video is spot on. I thank you for putting up good material such as this on a regular basis.

Tim Baer

This is a decent video but it is missing some of the prime players. The selling mortgage backed securities was not allowed to the public till 1999. The mortgage clearing houses were mostly for private investors the banks and such use Fannie mae and freddie mac to sell their mortgages. Maybe a more detailed accounting of the whole picture is necessary.

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