The Crisis of Credit Visualized

All of us heard about ongoing major crisis of credit. It became prominent in September 2008 with the failure/merger of various major US financial institutions. Everyone knew that it happened, but only few had idea what had happened and why?

A new animation from Jonathan Jarvis has used the graphic approach to explain the complexity of the subject and has done this beautifully. So if you are not familiar with the financial terms, but still want to understand the story of reason behind credit crisis that led to global recession, just watch the below video.





Credits: The Crisis of Credit Visualized from Jonathan Jarvis