The crisis of credit - visualised Thread

Crisisofcredit.com (the official site with not HQ vid)
Vimeo.com (HQ vid)

So, have you seen this vid? :-) What do you think about it all?

That was amazing! It really helped my own understanding of what was going on.

More importantly, the animation was awe inspiring. I wonder how long it took to make...

I have no idea, but the guy must be a pro or a person aspiring to be a pro. ;-)

Also, that's why there are so many conspiracy theories surrounding the Federal Reserve.

Well I knew what caused the downfall, but the part that was explained leading up to the turning point was informative, and it had a nice presentation.

jeez no wonder were in such a recession the systems is almost designed to fail why isn't this regulated HEAVILY

Spenzerr wrote: jeez no wonder were in such a recession the systems is almost designed to fail why isn't this regulated HEAVILY

It was the government that allowed it to happen, can't really be regulated when the regulators allowed it to happen.

Plus, there will always be some people who say that more government regulation is a bad thing. They're usually Republicans of course...

Something new to chew over*:

* doesn't come with ketchup, though.

Spenzerr wrote: jeez no wonder were in such a recession the systems is almost designed to fail why isn't this regulated HEAVILY

The bankers got greedy so they got stuck with debt ...

jrjellybeans wrote: Plus, there will always be some people who say that more government regulation is a bad thing. They're usually Republicans of course...

There honestly should be very little government regulation in a capitalistic economy ... its like interfering with Darwinism ... if a company wasn't smart enough to see something coming, they should go bankrupt ...

But now instead of letting the bottom fall out (like we probably should have) and then simply let new banking corporations with a bit more conservative stance emerge from the chaos, the government issued the TARP bill which allowed the banks to borrow money through the goverment ... money that the goverment borrowed from the national reserve at a higher interest rate than what they're lending it out at ...

Its true that if we didn't pass TARP, the system would pretty much collapse ... but by passing TARP it kinda delays the inevitable, and makes it a bit worse ...