Savings & (Mis)Trust: A Credit Crisis xplanation
A four minute animated movie that clearly explains the flawed subprime mortgage lending practices that fueled the current economic crisis in the United States. Starting in 2000 and ending in current day, it details the role that home buyers, mortgage lenders, banks, financial institutions and ultimately asset backed securities played. The production was created by xplanes renowned information design team using Cintiq technology by Wacom to allow for live and still animation, and voiceover.
March 27th, 2010 at 5:28 am
Last half of the video never happened. They kept the money and used it to buy out and consolidate others.
But the real story is that it was a cover to make people look away from what was really destroying the economy and that was the derivatives.
March 28th, 2010 at 8:43 am
My wife said she d go anything with me ……….She started with my savings!.
March 30th, 2010 at 12:43 am
The banks got screwed because the democrat run congress of our government required that they take on bad loans. This video is only a tiny part of the story, everyone got screwed. See:
watch?v=1RZVw3no2A4 for the cause. This video is NOT the cause, but only part of the results.
March 31st, 2010 at 5:30 pm
It’s a love hate relationship with the banks.
April 5th, 2010 at 2:08 am
The pictures aren’t that helpful.
April 5th, 2010 at 6:54 am
Bankers’ greed is good?
No—
Accountability is good: wanton banks should fail and brokers’ jobs should be lost.
That $700B ain’t enough– and its going WHERE?
(Note, great visuals need better audio.)
April 5th, 2010 at 6:00 pm
Nice vid. Thanks for sharing.
April 6th, 2010 at 4:54 am
MSG me on MSN. ID is in my profile. lets do something tonight! I
April 6th, 2010 at 10:03 pm
(: ?? ???ss?? pu? ??uu??? ?? o? ?q???sqns ‘s??? op o? ?o? ?ou? o? ?u?? no? ??
April 10th, 2010 at 4:25 am
Can someone traslate this to spanish? Thabnks you!
April 10th, 2010 at 8:29 pm
There are two big pieces of this missing: The investment market that drove demand for mortgage backed securities that lead to the lowering of lending standards and the deregulation of the derivatives market that really put the banks in a bind, led to an unheard of level of speculation that amplified the mortgage crisis beyond anyones worst nightmares.