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That was fascinating; I had a vague idea about what was going on, but this is a great explanation. I plan on watching it a couple more times, since sometimes this kind of stuff just sails right over my head, but he breaks this down so that anybody can understand.

Wow, this video is great! It really explains the credit crisis well to confused people like me

Credit crisis is nothing but the wrong assessment of their own financial position of each individual leading to the country’s financial instability. Hence it is the duty of every one of us to be more careful while financial planning.

I used to worship Greenspan for his legacy of righting the economic maladies from 1987 to 2006. Twice Greenspan turned around the economy after the stock market crash in 1987 and once more after the dotcom bust in 2001.

But now I’m not so sure. He totally underestimated the potential devastating effect of the subprime mortgage on our economy.

Nice video explaining the credit crisis to get a clear idea for people to know more about it.Thanks for sharing this information.

Its really good effort to help the other people who are new in this arena.

Absolutely fantastic video!!! This will explain a lot of things.

I think the credit crisis and the current economy is the effect of big business doing whatever it wants to do. Unfortunately the government feels that it needs to bailout the private sector. If we screw up on our bills will the government fix it for us?

I was unsure of the term at first. I heard alot of people throwing it up in the air, but now I understand and plan to watch the video a few more times and share with some contacts. Thanks for the info!

A real informative blog post on credit crisis, I searched lot of stuff on google regarding credit crisis, but this is much better then any other matter I searched.

Great explaination….yes as rightly said every body is affected by this credit crunch…It was a video which is greatly deisgned to undersand what is exactly going on in the economy

Excellent video, one of the best concise explanations I’ve heard yet. The only thing that I’d probably add is an explanation of how Credit Default Swaps make the whole thing even more interconnected.

This is great! Some people really get confused with all the lingo going around with the current economical situation, I think this will really clear up some confusion!

Thanks. Good video it rightly defines credit crisis in its true sense and it has created an impact globally. Make the most of it from this video and be more knowledgeable.

Wow, that video explained things so clearly! Now I understand why people were and are so angry at the stupid choices these people made. Greed is an ugly thing…

Great Information you provided through this blog post. I learnt a good information from this site. Thank very much for providing such great information.

Great video!!!!Yes, I share the opinion in the video, definitely true.

Excellent and Truly informative video i have ever seen.I think, common people are not responsible for credit crisis but they are most affected by sacrificing their jobs.I am really surprised how these so called ‘trustworthy rating agencies’ still working ?

You have very intelligently described the credit crisis with the help of a video. It really works for those who are not willing to read out the whole article about credit crisis.
Thanks.

Now it’s easier to understand what went wrong… I hope the crisis ends soon.

Thank you for the video!

Saw it earlier on youtube, very interesting video. Explains the whole credit crisis situation very perfectly. The current global recession is relies mainly on this concept. Financial planning must definitely be done very thoughtfully by everyone now.

Greenspan called the increase in spending and investment as “Irrational Exuberance”. Should have said it more clearly that we were borrowing too much and if one of us ended up defaulting we’d be in trouble. Nice video, I have seen it before in my Economics class.

Every one knows about credit crisis but no one can explain it. Even i too a member who can not explain. Now i can by seeing this video. We can learn lot things from this video. I think nothing can give you such a explanation about credit crisis.

I think this is great to explain all this financial mess to many of us who can not understand. I let my teenagers watch this video and they have a better understanding of what is going on. Thanks!!

Congratulation on finding that piece. It was easy as a piece of cake. Finally I can understand whats going on. Thanks you very much

It is good that someone can explain what has been going on simply and clearly – it is all getting so complex and out of control now, it is hard to understand what is going on. I hope there is light at the end of the tunnel soon…

this is an interesting one where i gained a lot of information regarding the credit crisis pattern. now,those who view this defenetely gain a lot of knowledge like me.thanks for a nice blog presented by you

I think is is probably one of the best videos I’ve seen explaining the credit crisis. It’s easy, simple, and enjoyable to watch, and I hope more people get a chance to look at it.

Amazing!This video really helped me knowing much more about the credit crisis.I\’ll surely ask my friends to visit the blog & to watch the video at least once as I believe they would also love it.

Thanks

Very interesting video about credite crisis. Good video, because everyone can understand it.

By seeing this blog i have got lot of information and by seeing video its so attractive.thanks for giving this blog.

love the infographics. very nice style of animation. and it\’s a really thorough version of the explanation for what happened!