Chances are you aren’t getting a simple explanation of the credit crisis from watching cable news or CNBC, so Jonathan Jarvis has created a great animated infographic to do just that. I also recommend listening to the episode of the This American Life podcast that explains in greater detail over 59 minutes.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Hat tip to FlowingData.com.
UPDATE: If you are really interested in learning more about the current financial crisis check out The Baseline Scenario’s Financial Crisis for Beginners. It is a collection of a ton of extremely informative resources.