While most people realize that the credit crisis has been the key factor in our country’s economic disaster, and we’re all familiar with some of the keywords like “sub-prime”, a lot of people out there probably don’t have a real understanding of what exactly it all means and how it came about. Those people should watch the following video made by Jonathan Jarvis, a student at the Art Center College of Design in Pasadena, California, for his thesis project.
Dubbed “The Short & Simply Story of the Credit Crisis,” it’s exactly that. For those with a firm grasp of the problem, it might not add much, but for many people this will serve as a great overview on what happened and a good illustration of why there’s no easy solution.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.