Here on Awearness, you might have guessed that we like to stay aware of the world around us.
If you’re still wondering how subprime mortgages managed to take down seemingly the whole economy, check out this video, created by designer Jonathan Jarvis. The Crisis of Credit Visualized lays out in simple terms and clear diagrams exactly what went on and how it led to this mess.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
For something more in-depth, but equally more informative, listen to This American Life’s episodes “The Giant Pool of Money,” which delves into the housing crisis, and “Another Frightening Show About the Economy,” which looks at how derivatives, credit default swaps and other financial products brought down the credit markets. There’s even more on NPR’s Planet Money blog.