A very good video explaining how we got into this mess. It seems as though greed is the biggest reason behind it all. People just wanted to make lots of money as fast as possible, which resulted in more and more risks being taken. Safeguards and regulation to stop things from getting out of control either didn't exist or weren't being enforced by the authorities. So it's not just the banks at fault here, the government needs to take some responsibility too.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Saturday 21 February 2009
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