I posted this on my other blog: Financial Security: Tips + Tools
Given the topic- credit crisis, main street vs wall street, sub prime mortgages etc., I thought that I would post it here as well for all my readers here who do not follow my other blog. If you follow both blogs, I apologize for the repetition:
If you have been confused by the Credit Crisis, what it means, what is has to do with the average person, what CDOs are, what leverage did etc. then this is the answer for you.
Watch this video in two parts:
The Crisis of Credit Visualized: Part 1
The Crisis of Credit Visualized: Part 2