The Credit Crisis in Plain English

My layman brothers are asking, “What is this credit crisis all about?” I’m sure by now, you’ve heard the term “credit crisis”, financial crisis” and other related terms often enough that your ears start to bleed at the next mention of the word. But, do we understand it really? More to the point, do we need to? The answer for most of us is NO we don’t understand it and YES we need to understand it.

As with the rest of my layman brothers, I want to make a sense out of this mess that we’re all in but I don’t want to spend more precious time going through the boring details. This video I found is very entertaining and highly informative. Presenting, the Credit Crisis in Plain English:






1 comments:

Anonymous said...

There is obviously a lot to know about this. I think you made some good points in Features also.

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