Saturday, February 28, 2009

Credit Crisis for Visual Learners

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

A thanks to

1 comment:

  1. One significant error in the speaks to investors going to the Federal Reserve to buy Treasury bills. Unfortunately, that's not quite a true statement. While many of the investors receive the bills by purchasing through the Fed, the debt is issued by and is the responsibility of the U.S. Treasury. Because the Fed is the
    Treasury's fiscal agent (their bank) the Fed acts to collect bids and distribute the securities. It is the Treasury (a separate entity) that decides how much debt to float, for how long, and which bids to accept. And the how much debt to float is largely a result of the Congress's willingness to spend (large) and tax (not as large).