Over at Vimeo, Jonathan Jarvis has created a ten-minute film that offers an overview of the credit crisis. If you’ve been struggling to understand what went wrong with the American economy, this will give you some of the basics:
If you’d like more information, I encourage you to carve out time to listen to two radio broadcasts, both from NPR’s This American Life:
- “The Giant Pool of Money” explains how the housing bubble was created by a chain of people who thought the old rules of money no longer applied.
- “Another Frightening Show About the Economy” takes a deeper look at the developing credit crisis.
Finally, you may want to check out my list of essential reading about the market meltdown. The information is five months old now, but still useful.