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Hella Financial Crisis October 27, 2008

Posted by ecomnomnom in Economics, Finance.
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Ok, to start off this blog, I’d like to post three very good videos explaining the current financial crisis. These videos were done by senior staff at Marketplace (a great show on NPR), and I have ordered them into a way I think they will make sense. Oh and I think the Vimeo embed feature doesn’t work in firefox for some reason so just click on the links then.

The first one is about default credit swaps, a concept that ties banks together.


Untangling credit default swaps from Marketplace on Vimeo.

The next one is about collateralized debt obligations, one of the main culprits behind this financial crisis.


Crisis explainer: Uncorking CDOs from Marketplace on Vimeo.

Finally, this one is about the financial crisis in general, although it is a little bit outdated in the sense that now the government is pursuing a different policy.


The credit crisis as Antarctic expedition from Marketplace on Vimeo.

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