The Crisis of Credit Visualized

by Jonathan Jarvis

Comment

This animation does good job of illustrating the role of CDOs, credit default swaps and leverage in causing the current economic crisis. I find that many on the right want to blame the crisis on the Community Reinvestment Act and the push to expand homeownership and those on the left want to blame deregulation. The problem is more complex than either simple answer. This animation helps explain the complexity of what led to the current crisis.

Top Stories