Well it’s simple enough to say that the economy tanked because people gave money to people that had no business borrowing money and then everyone leveraged everyone else so they could buy tons of these ill advised loans and then (whodathunkit) those ill advised loans turned into defaulted loans and now no one can pay back the money they borrowed… But it’s a whole other thing to actually be able to see it all animated and whatnot… enjoy!
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16/03/2009 at 10:19 am Permalink
That is an excellently done piece!!
28/03/2009 at 12:53 am Permalink
Leaves out the role of Fannie and Freddie plus Congress “encouraging” risky loans to the poor, but otherwise skillfully done.