The credit crisis can be very difficult for the average person to understand given the enormous number of parties involved and convoluted transactions that took place. However, Jonathan Jarvis produced a very clever video that clearly outlines the basics of the credit crisis and how it is affecting America today. Understanding this crisis is the first step to finding a solution and dealing with the problem, so this is a great video for any homeowner or person concerned with the economy.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.