Monday, February 23, 2009

The Credit Crisis in Two lessons

This is by far the most clear explanation of what went wrong I've seen in several months of studying the subject.

Part II is here. Of course the creator finds it necessary to gloss over some more subtle points in order to keep the story moving, but he basically gets it right.

Bonus Points: Identify the points left out where government and market failures exacerbated the underlying problem.

1 comment:

Rob said...

I really liked this too. I'm also looking forward to this weekend's This American Life, which I think is another full hour on the banks. Their reporting on the financial has been really, surprisingly great.