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The Crisis of Credit Visualized
- moe 18y agoAwesome.
- jacquesm 18y agoThat took a lot of work, very impressive. Even if this whole crisis thing doesn't interest you watch it anyway for the clarity of the production.
- timf 18y agoThis does a 302 redirection to 127.0.0.1 ... ? Tried from multiple nodes.
- timf 18y agoLooks like it's redirecting to youtube now. Production quality is really good, would be so nice to have something (shorter) like this for marketing and documentation (along with text versions of course). I love at the end how the family getting a sub prime mortgage is depicted drinking and smoking.
- 3pt14159 18y agoAwesome video, I was coming here to post it and found this. The thing that bothers me about the whole thing is this: Why did the borrower have investments that were basically slices of his, and other peoples, mortgages. I mean honestly, 4 or 5 middlemen just so my RRSP (401k) can own a portion of my own house? Sounds like a pretty inefficient investment/tax scheme to me. People should have an emergency fund, but pay off those debts before buying assets, especially assets that are just repackaged debts.