The short & simple story of the credit crisis

  • Thread starter Thread starter Shlomi
  • Start date Start date
Doug, Its really good...
You should help me put it.
 
It reminds me of the futurama video about the great garbage crisis of the 21st century. "'Back in my day, you could only download porn on the internet.' 'That's still true.'"

Neat video, but they kind of skipped all the important stuff at the end, and exaggerated a lot of stuff at the beginning (100x leverage? why exaggerate the actual number of 25-33x?)
 
Well, I guess its because its video for the masses, and they try to keep it simple.
 
For the masses, yes. But I think it is a very good layman's explanation of events.
 
Here is a nice little slide-show of the Subprime mess. I think it's been around for a while now, but in case you haven't seen it, it is definitely worth a look.
 

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I thought the story was either you're short or you're simple ...;)
 
Some of dialogues are pretty good, especially the last one with Norwegian investors.
 
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