Related Video Tags : credit crisis, economics
The Short and Simple Story of the Credit Crisis — The Full Version
By Jonathan Jarvis
The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.
In this brief video, you will learn:
What is the Credit Crisis?
HOW Credit Crisis Happens?
How it affects everyone?
WHY the banks came up with the scheme?
What is leverage?
HOW BANKS make their money?
How homeowners(families),brokers,investor,banker are involved in this?
What is CDO? (Collateralized Debt Obligation)
How safe, okay and risky investments in CDO work?
for more, see http://crisisofcredit.com