The Crisis Of Credit

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Wanted to better understand our country’s current credit woes?  Check out: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.  A big thanks to my Aunt Ann for putting this link on her Facebook page.

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2 responses to “The Crisis Of Credit

  1. One cannot attempt to explain the crisis of credit without the significant role the GSEs Fannie and Freddie played in the mess. Ten years or so ago, Fannie and Freddie were directed to make loans to people who were of modest means and\or had bad credit. The government came in and encouraged mortgage lenders to bypass their standard lending requirements and give loans to folks who were not credit worthy, with the risk of loss absorbed by the federal government. Free market capitalism works and it doesn’t fail without government intervention, hisorically it has failed because OF government intervention.

  2. So are you saying that Jarvis’ video is inaccurate? Or do you just wish that it had a broader scope?

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