Financial Crisis 101

By greenewable

Good video for those seeking the most basic of explanations of some of the causes of the financial crisis. Takes a simple look at how balance sheets are effected when bank’s investments in mortgage assets turn toxic. Video is nice for people with little understanding of finance and who may have a short attention span. Video outlines what happened in two minutes, 2:17 to be exact.

Thanks to Barry Ritholtz. Some things are worth reposting!

Source:
Understanding the Financial Crisis
EnspireLearning Channel, YouTube, Accessed October 21, 2008
http://www.youtube.com/watch?v=gF6LbFDjvW0

Tags: assets, bailout, balance sheets, banks, Bear Stearns, BS, educational, financial crisis, learning, LEH, Lehman Brothers, liabilities, meltdown, mortgages, toxic assets, video, Wachovia, WaMu, Washington Mutual

This entry was posted on October 22, 2008 at 1:30 am and is filed under bailout, economics, markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.