Here’s a great video explaining the Credit Crisis. It’s American and uses American banking references but applicable to all countries. We’re all seeing the impact of the crisis of credit and everyone has theories on solving it, but not many have been able to explain it. I was in a room with finance academics and they were all shaking their heads asking how they missed it coming. This video explains it well. And it doesn’t require an economics degree to understand it.
Thanks to Jonathan Jarvis for the excellent explanation. It’s a bit slow to download but worth it.