Bob Cropf

Credit Crisis Video

In 1 on February 20, 2009 at 6:09 PM

What happened to the adage “diversify, diversify, diversify”?

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

I think now the problem is beyond the irresponsible borrowers, we are now getting into the “responsible” home buyers who bough within their incomes (and are now underwater so can’t refinance) and have lost one or both incomes – even if they save the recommended 6 months (or it is a year?) worth of living expenses, a long time to be unemployed in a normal economy, that money might be running out on that with little hope on the horizon…

And what about the irresponsible and predatory lenders?!?


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