The Crisis of Credit Visualized

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

I thought this was very helpful in understanding what the heck happened to our economy. (thanks Mom!) Although it didn't mention that President Bill Clinton was the one who loosened regulations and encouraged banks to lend to lower income people in an effort to allow more minorities to own homes. Normally the market forces would encourage banks not to do this because of the risk, but the video explains why it was not as big of a risk as it should have been for the banks.