23
Feb
Over the past few months friends, family members and business associates have asked me – what caused the global credit crisis?
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
I recently came across the above video, which does a much better job of explaining how the global credit crisis arose than I ever could.
Of course what it all boils down to at the end of the day was that a lot of easy money went into creating dodgy financial products that seemed to good to be true, oh, because they were.