26 March 2009

a little misleading

[click image]

... but basically the whole credit crisis in easy terms. It was way more than home mortgages getting thrown into those CDOs and foisted off on the whole world wanting to make their capital safe in our AAA financial system. We have learned in recent weeks of other reasons for the abysmal economy, if we didn't know them in our bones all along, and this great little visual aid does indeed mention who started the whole mess, but doesn't leave you with much of an understanding of why the Fed would want to rob everybody in the world... sorta leaves that to our imaginations....

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