The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. CrisisofCredit.com
This was awesome. Very good and easy to follow visual example of how we got into this big mess. Leads to so many questions. Who holds the money? What next? How do we come out of this?
February 24th, 2009 at 10:04 pm
So… It seems pretty clear to me how to turn this around… and its NOT keeping people who have sub-prime mortgages in their homes. Its getting qualified buyers into homes they can afford. That will stabilize the cycle.
The bail out helping people in trouble doesn’t seem that great. They should be getting better people into home and getting credit. There is some good stuff in that bill I guess for people getting first time homes, but with that, there sould be some things to get qualified people in at a good rate.
Bailing out the banks seems pretty necessary, but maybe not. Let them fall, and new smaller banks who took less risk will grow. BAM.
Eat my shorts.