completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com Or email me at jonathan.jarvis@gmail.com Support the project! Buy a T-Shirt! cafepress.com/crisisofcredit … credit crisis money finance news explain how simple easy motion graphic mortgage CDO securities …
It’s more than fair in the scheme of things.
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Yes. And it’s your choice to be ignorant. Right?
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Why don’t you go learn a bit about economics before you make an ignorant comment?
The interest rate was used to stimulate the economy. Think of the rate as “the amount you have to re-pay back on borrowings”. When the interest rate is low, it means businesses are paying less for their rent/loans and they have more money for profits, expanding business, and keeping workers.
This is basic economics. And you just failed.
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No. Company performance is measured by profits/earnings, and expected profits.
Think of it this way. If a company made $100 million in one year, by fluke and by taking lots of risks, and the next year it only made $50 million, the share market might think the company is going belly up. No-one REALLY knows how much risk they were taking to make that profit.
So what they do on Wall Street is continue the risk, to keep the profit margin high. That’s the alcohol right there.
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yeah well if the interest rates are low that means that people are just going to keep taking out loans, and not pay them back, but I think that we should leave the interest rates up to a free market.
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Excellent!
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This is an excellent visualization. Great work.
I was myself into visualization, albeit of a different kind ( scientific visualization) and I see this as a great growth area ( Information visualization). This will be much sought after in the coming years..
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All they needed was intelligence, there’s where it went wrong.
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i like the nice little box
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MR MILLER WHEEEW
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6:40 is the key point of the crisis.
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some people are really reallly greedy!,
money isn’t meant to be loved
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I like how they depicted the sup prime guys
It would even be better if the father had a mullet
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you would think that the US would have taken a hint from the similar japan crisis a few years back and how they had to let the banks fail so that the bad debt can eventually come off of the books, japan had a crisis so much like ours and its like did we not learn anything from their mistakes?? they did all of the same things, economic stimulus, inject large amounts of money into the economy for nothing why not cut right to the chase and make banks reap their consequences for bein careless
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Great Video!
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@ballen5514: but think about 9/11 and the crappy commission’s report. the western world protects itself too much with power, pointing with fingers is just very hard because western politicians always defend themselves.
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What this does not address, is how the mortgage lender creates the money (for the mortgage) OUT OF NOTHING (AS DEBT), using the FRACTIONAL RESERVE BANKING SYSTEM.
THAT IS THE ‘ROOT’ OF THE SCAM, WHICH HAS BEEN DEVISED PURELY TO EXTORT ALL REAL WEALTH (tangible assets) FROM THE MASSES.
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please, this is for my assignment.
is the mortgage lender are fannie mae and freddie mac?? please let me know if u know some good sources
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they US elite may or may not have learnt from Japans mistakes, but the the US elite dont care… why? Cuz they get free money at the risk of taxpayers… and the elite can buy the congress….
if ur losing and u had power to get some free money would u deny it?
humans r greeedy…
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Excelent tks
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Good one..
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Good Vid!
Look up : We Didn’t Start The Crisis
(parody about the economy, but must be familiar with the original vid/song by Billy Joel: We Didn’t Start The Fire)
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Have the words Credit Crisis not struck anyone else as being funny? I’m pretty amazed that everyone seems to have overlooked the basic fact that we’re fucked because we can’t borrow money we don’t have!
The “west” really looks down on other countries economies and societies but the reality is that we exist on credit, on the ability to borrow.
I’d love to see what happened if the US et al had their AAA credit ratings swapped for those of some stable developing countries.
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1. Your reading my comment.
2. Now your saying/thinking thats a stupid fact.
4. You didnt notice that i skipped 3.
5. Your checking it now.
6. Your smiling.
7. Your still reading my comment
8. You know all you have read is true.
10. You didnt notice that i skipped 9.
11. Your checking it now.
12. You didnt notice there are only 10 facts
Copy and paste to 1 video, tomorrow will be your best day ever! no matter what
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in 1820 a man named fredrick osloft one day he was working in his lab until a ghost came by and killed him the next morning fredrick was nowhere to be seen 100 years later two boys went in the lab as a dare the boys where never seen again where aparently murdered now that u have read this comment tonight when u go to sleep the two boys and fredrick will come and murder you but you can stop this by posting this comment on 5 other videos by midnight im sorry i relly hate these things :’(
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