Thursday, April 9, 2009

The Big Bubble

If you’re anything like me, then you probably know just enough of the world’s financial system to get by, and pretty much know that we’re all in trouble.. beyond that, nothing more than an investment idiot.. so while snooping around earlier, I found these 2 videos that pretty much explained the whole Credit Crisis nonsense that happened what with all the sub-prime mortgages and stuff..

Give it run, it’s a nice easy-to-follow look at how the whole system came crashing down.. and you can see how fragile the whole system really is, one prick and it'll really go bust.. =)

Part I

Part II


jon said...

this rocks! finally helps me understand this crisis in simple english and not stupid financial terms that no one knows!

Gabriel Wu said...

you want a simple explanation of the the madoff scandal?