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Showing posts with label credit crisis. Show all posts
Showing posts with label credit crisis. Show all posts

February 25, 2011

The Making of the Financial Crisis : Video Infographic







This infographic, The Crisis of Credit Visualized, has been around for a while now, and it very cleverly explains how the financial crisis happen. Watch the video from Jonathan Jarvis, an interaction and media designer, that is split into two for YouTube.


The  Financial Crisis  was triggered by a liquidity shortfall in the United States banking system, and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity

The  collapse of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies have had a ripple effect around the world. Furthermore, other weaknesses in the global financial system have surfaced. Some financial products and instruments have become so complex and twisted, that as things start to unravel, trust in the whole system started to fail.