The U.S. Financial Crisis might have been a thing of the past, but the shockwaves have not died as yet.After the collapse of the likes of Lehman Brothers and unemployment rate shooting the roof, the United States is still trying to hold its own to ensure a stable growth of its economy.
A lot has been spoken and explained about the reasons that actually led to what is now commonly known as ‘The Great U.S. Credit Crunch’ .But, given the scale of the crisis, it is evident that the reasons could not have been easy to comprehend.They sure are not and sound every bit alien so to speak.All the jargons including CDS,CDO etc do not ring a bell for a not so finance savvy literate.
I did take sometime getting the hang of it and to a certain extent, the whole unfolding of the U.S financial crisis is still mystery to me.
So, there i was fooling around on the internet and i chanced upon something that i think is the best no-nonsense explanation for the U.S. financial crisis.Now, if your kids ever ask you to explain the financial crisis to them, this video will serve you the best.Forget kids, the video is totally apt for any age group for that matter.
Enjoy the video and get to know the U.S. financial crisis the easier way,
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If the above video was a little too naive and kiddish, here is a little more advanced and saucy version of the same.This one is smaller with great visualization and touches base with the biggest culprit of the whole financial fiasco, The Sub Prime
I would love to know your thoughts on the same.Did you find the video interesting and enlightening at the same time.
