Credit Crisis explained via animation..

[Brendan]

Got this link in an email yesterday, I thought it could be useful in explaining to those who dont fully understand the credit crisis, and what has caused it..


http://vimeo.com/moogaloop.swf?clip_id=3261363

[moneymagnets]

Interesting presentation.

The other week I was in a meeting with a guy from a very well known bank (actually mentioned in the presentation) and he was saying that it was Bill Clinton who told the banks to do sub-prime mortgages because it was every Americans dream to have their own house....

Here is a representation I was sent of $1 trillion since that number is so hard to imagine:
http://www.dailycognition.com/index.php/2009/03/25/what-1-trillion-dollars-looks-like-in-dollar-bills.html

Regards,
Karen

[JoseKing]

Interesting presentation.

The other week I was in a meeting with a guy from a very well known bank (actually mentioned in the presentation) and he was saying that it was Bill Clinton who told the banks to do sub-prime mortgages because it was every Americans dream to have their own house....

Here is a representation I was sent of $1 trillion since that number is so hard to imagine:
http://www.dailycognition.com/index.php/2009/03/25/what-1-trillion-dollars-looks-like-in-dollar-bills.html

Regards,
Karen


I am totally agree with Mr.Karen.

i think he provided us some useful information here.
So,
Follow according to him.

You also take help from me . You also can asked questions frequently.

Thanks


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