Global Financial Crisis Explained

The Short and Simple Story of the Credit Crisis.

By Jonathan Jarvis.

Crisisofcredit.com

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. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.

For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com

25 thoughts on “Global Financial Crisis Explained

  1. Amazing video, easily understandable for anyone without even a beginners
    knowledge of finances. Absence of terminologies and theoretical
    explanations conveys a message nicely to anyone interested in a development
    of a financial crisis. 

  2. Damn, this was eye-opening. i just learned more in 11 minutes than an
    entire quarter of Econ101 in college. Thx

  3. parents ask why am so smart well i watch youtube in bed. School who needs
    it i got the internet!

  4. Hahahaha I fucking love how totally happy yet condescending this guys voice
    can be. Fuck Wall Street 

  5. Eh this doesn’t quite encapsulate the corruption that was going on in Wall
    Street. How mortgages were ranked as safe, medium, or risky was done by
    rating companies such as Moody’s. Wall Street figured out that these rating
    companies weren’t all that intelligent, put all the subprime mortgages into
    a CDO, which was accordingly separated into safe, medium or risky. With
    paperwork tricks like these investment banks transformed junk subprime
    mortgages into bonds with AAA rating or the best safest bonds. In the wake
    of the financial crisis, 73% of the mortgage bonds with AAA ratings were
    reevaluated as junk bonds. Wall Street sold crap bonds as if they were gold
    and the whole world put trillions into it. That’s how the world economy
    collapsed.

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