Understanding the Financial Crisis

November 3, 2009by

Part of the general problem of understanding the current global financial crisis is the lack of familiarity the common person has with all the economic instruments that have contributed to this botched procedure (the larger problem, of course, is the lack of familiarity the “professionals” have of these things). It is difficult to grasp exactly what has gone wrong when the language for doing so is out of reach. But with public awareness being one of the only things likely to generate the kind of accountability and transparency necessary for untying this gordian knot, we need to make resources for creating that awareness as accessible as possible.

For starters, here are a couple of visualizations, the first by Jonathan Jarvis, and the second a creation from Xplane.

And here are some of the best and clearest expositions of some of the most complex aspects of the money muddle from Paddy Hirsh and his Whiteboard.

Note: this list will be updated as more videos become available

Uncorking CDOs

Crisis explainer: Uncorking CDOs from Marketplace on Vimeo.

Untangling Credit Default Swaps

Untangling credit default swaps from Marketplace on Vimeo.

The Credit Crisis as Antarctic Expedition

The credit crisis as Antarctic expedition from Marketplace on Vimeo.

Over the Counter, Over the Top

Over-the-counter, over the top from Marketplace on Vimeo.

Margin Calls and the Financial Markets Decline

Margin calls and the financial market’s decline from Marketplace on Vimeo.

How Credit Cards Become Asset Backed Bonds

How credit cards become asset-backed bonds from Marketplace on Vimeo.

Why ‘Fallout’ for the Financial Crisis?

Why ‘Fallout’ for the financial crisis? from Marketplace on Vimeo.

Leveraging and Deleveraging

Leveraging and deleveraging from Marketplace on Vimeo.

A Look Inside Hedge Funds

A look inside hedge funds from Marketplace on Vimeo.

Quantitative Easing

A look inside hedge funds from Marketplace on Vimeo.

Getting Naked in Short Selling

Getting naked in short selling from Marketplace on Vimeo.

Why ‘bad banks’ might be a good thing

Why ‘bad banks’ might be a good thing from Marketplace on Vimeo.

Toxic Assets

The public-private partnership from Marketplace on Vimeo.

Market to Market

Mark to market from Marketplace on Vimeo.

Write-downs

Write-downs from Marketplace on Vimeo.

Cramdowns

Cramdowns from Marketplace on Vimeo.

The Upstick Rule

The Uptick Rule from Marketplace on Vimeo.

Collateral Calls

Collateral calls from Marketplace on Vimeo.

The Public-Private Partnership

The public-private partnership from Marketplace on Vimeo.

Shadow Banking

Shadow banking from Marketplace on Vimeo.

Capital Structure

Capital structure from Marketplace on Vimeo.

Meet Cap ‘n Trade

Meet Cap ‘n Trade from Marketplace on Vimeo.

The Repo Market

The ‘repo’ market from Marketplace on Vimeo.

Dark Pools

Dark pools from Marketplace on Vimeo.

Where’s the toxic waste?

Where’s the toxic waste? from Marketplace on Vimeo.

Financial Alchemy

Financial alchemy from Marketplace on Vimeo.

Factoring

Factoring from Marketplace on Vimeo.

High-frequency Trading

High-frequency trading from Marketplace on Vimeo.

Inflation

Inflation from Marketplace on Vimeo.

Bonds, Notes & Bills

Bonds, notes and bills from Marketplace on Vimeo.

Derivatives

Derivatives from Marketplace on Vimeo.

Hostile Takeovers

Hostile takeovers from Marketplace on Vimeo.

Interest Rates

Interest rates from Marketplace on Vimeo.

Look Out Below!

Watch out below! from Marketplace on Vimeo.

Ratings Conflict

Ratings conflict from Marketplace on Vimeo.

How the Big Banks Make the Big Bucks

How the big banks make the big bucks from Marketplace on Vimeo.

PIIGS

PIIGS from Marketplace on Vimeo.

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