The Crisis of Credit Visualized

Awesome video, I was coming here to post it and found this.

The thing that bothers me about the whole thing is this:

Why did the borrower have investments that were basically slices of his, and other peoples, mortgages. I mean honestly, 4 or 5 middlemen just so my RRSP (401k) can own a portion of my own house? Sounds like a pretty inefficient investment/tax scheme to me. People should have an emergency fund, but pay off those debts before buying assets, especially assets that are just repackaged debts.

That took a lot of work, very impressive. Even if this whole crisis thing doesn't interest you watch it anyway for the clarity of the production.

This does a 302 redirection to 127.0.0.1 ... ? Tried from multiple nodes.

Awesome.