21 March 2009 ~ 0 Comments

The Credit Crisis Visualized

I found a  good video that visualizes the current credit crisis very well, minus one major change. The video claims the insurgence of sub-prime loans began after September 11th. However, according to a 1999 New York Times article
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration [...]

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