The Crisis of Credit Visualized

[kevyn]

Beautifully done Graphic Design to explain a difficult subject:

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Comments

[detailbear.livejournal.com]

<smug>Unless you live in certain countries.</smug> ;-)

Seriously though, mortgages should never be allowed to be resold.

I'm also glad to see that the second part of the US stimulus package is looking at helping the homeowners who weren't major risks to keep their homes.

[kevynjacobs.livejournal.com]

Seriously though, mortgages should never be allowed to be resold.

True, and maybe for most other kinds of debt... student loans, credit card debt, auto loans... they're all resold like mortgages down here, and I'm just waiting for the other shoe to drop.