Sunday, October 12, 2008
For those who *still* dont understand the recent financial crisis...
The recent near collapse of the American economy is an incredibly complicated and multi-layered thing. But it was all triggered by a very simple process that, anyone with common sense, should have known better than to do.
This video, created by Hank from VlogBrothers, explains the recent financial crisis pretty completely and with a good dose of humor. It's a great introductory video for anyone who's still confused by the crisis and wants a better understanding.
Hat tip to Harold Pulliam on Twitter for sharing this with me.