The Credit Crisis Explained…. And Explained Again.
Here is a video that wonderfully explains how we came to economic place we’re at now.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
(Hat Tip: My Genius Friend – Salah Boukadoum)
I had been wanting to write a post on this subject for a while but kept putting it off. About a month ago, I was in a serious blargument with a commenter at Gay Patriot about the underlying cause of the current financial crisis. The Rush / Hannity talking points on this – and come to think of it, every problem in the world – is to lay blame solely at the feet of government and the Democrats for the whole mess. They love that simple answer, and will ignore and block out all information that contradicts or invalidates their rigid belief that business and the free markets, and Republican / Conservative policies are infallible and are also part of the mix. Trust me, there is plenty of blame to go around. Here is a comment from one of the more spirited participants. Note that the view of this commenter do not AFAIK reflect the views of my friends Dan and Patric who run Gay Patriot: Read more »
Economics | Sonicfrog March 2, 2009 | 
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