Credit Crisis explained (video) …..

We all know that the current situation in US was caused by failing mortgage payers and sub-prime mortgage crisis, but how did this all happen, this is explained so clearly in this video.

Houses were considered as an assets whose value would never decrease but that myth has been busted but how did this all happen?

Spend few minutes to see this video and you will understand the root causes….. and why are all the banks going nuts and getting bailout money…….

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.