The credit crisis explained with tiny, animated people
Confused about the credit crisis? Jonathan Jarvis, a student working on his masters in fine arts in Pasadena, created this fun little video explaining the complicated way in which subprime mortgages are related to the country's credit problems. Kinda like a Cliffs Notes of current events.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Comments:
Excellent video. I'd encourage anyone at all interested to give it a shot.
Posted by: Mike N. at February 20, 2009 5:27 PM
Well done; credibility a bit tarnished by the visual showing a drop in the value of the house from $300 K to $90 K. Causes one to question the accuracy of the explanation. Actually, values have declined by as much as 40%. The 70% decline example used is simply wrong, so wrong as to incline one to dismiss an otherwise good general explanation of the credit crisis.
Kudos to Jarvis for excellent use of graphics to explain a very complicated problem.
Posted by: John at February 23, 2009 11:10 AM
Yeah, that probably is a bit of an exaggeration and simplification (as were the smoking home owners with the passel of children), but I think you get the point.
Posted by: Bethany Clough at February 23, 2009 11:13 AM
This is great, Bethany.
Posted by: Betsy Lumbye at February 26, 2009 5:53 PM
I think you made some good points.
Posted by: Emmaline Boulds at December 31, 2009 4:20 AM
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