Thursday 19 April 2012

Credit Crisis Explained

"Credit crunch","Sub-prime mortgages", " Collateralized debt obligations (CDO)", "Leverages ", and so on. You've probably heard dozens of people or journalists  use these complex jargon  without explaining what they mean. If you’re confused, this video is for you.



This video also explains What is "Credit Crisis" and how did it happen? Why did big banks like Lehman Brothers have to go bankrupt?

I found this video easier to grasp than reading a 6000 words essay on Wikipedia.

2 comments:

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    Replies
    1. thank you very much for the information.

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