Tuesday, March 10, 2009

Crisis of Credit Visualized

Here's a great animation (about 10 minutes long) describing how the current economic problems got started. Even if you already know most of the story, the way they draw it will tell you a lot about how good teaching works!

The only part I think is missing is the extreme overwillingness of the credit rating agencies to stamp everything as AAA due to their own lack of independence.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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