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Video: The Crisis of Credit Visualized

150
MacDuff5/02/2009 4:50:04 pm PDT

re: #100 Bagua

Exactly, that was one of them, elsewhere he called the mortgages “worthless”. Lots of exaggerations like that.

In all fairness, I think that the point of this clip was to give people who are not steeped in the acronyms, intricacies and arcane workings of financial markets a basic idea of why we are up to our ears in shit at this particular moment. Identifying whose shit it is, wasn’t really the point.

I think that goal was achieved.