Good Monday morning. Thanks to much weekend conversation with non-financial world types it became abundantly clear to me that the causes of our little financial meltdown are about as clear as mud to many people. I had intended to put together a brief post highlighting some of the main points, but thanks to equal parts laziness and ingenuity I have found someone who can do it far better than I.
Enjoy, my tribute to Hanlon, with thanks and credit to Jonathen Jarvis (crisisofcredit.com). Never assume malice when stupidity will suffice:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Any relation to Mrs. Gail Marks Jarvis over at the Trib?
This is the best description of the credit crisis I have seen. It really breaks it down in a way that is easy to understand. Should be required viewing!