The Dynamics of the Credit Crisis (Things I'm Interested In, Installment #9)

I saw this video over at Tony Jones's blog The New Christians.

I've been asking the business faculty to take some time and educate the rest of the faculty about what the heck is going on in the economy. Self-educating, I pieced together most of the puzzle. But this video really ties the pieces together. After my wife watched the video she said,"Now I know why someone bought our mortgage a few years back." A couple of years ago we got a notice in the mail that our lender had sold our mortgage to a bank. No big deal, we just had to pay a different institution. It's clear now that a bank bought our mortgage and bundled it with others to sell to investors.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.