The economy’s ugly and it’s hurting a lot of people. Political pundits point fingers and flap their yaps endlessly about who is at fault. Not to worry, there’s plenty of blame to go around.
The little film does a brilliant job of explaining the entire sorted stew in just over 11 minutes. The staff of economists at The Lint Screen vouch that as far as we can tell it’s pretty spot-on about who did what, when, where, how and why.
Spend a little time and learn a lot. Let’s hear your reactions. Accurate? Bull? Fluff? And how do you feel about these same scumbuckets still getting paid bonuses out the wazoo? Sorry, that was neither fair nor balanced…
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Good. For as far as it goes. Left out a couple of things I think are important – like rating agencies being paid by the companies they were rating, and other more boring things that I’ll leave out, fearing that no one will ever buy my book because they think I’m boring.
I’m not boring because I’m stopping now.
But I could be boring and go on.
And on.
Good. An expert concurs the film is fairly accurate. Now, if the expert would plug her book we’ll all get wise. Over to you, Kitty…
That was nice. Redistribution of risk blows.