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Archive for the 'credit crisis' Category

The investors in this story did everything right. They cannot be blamed for the situation they are in now. Especially when they asked for help before their problems started and offered less costly solutions to their lenders afterward.

We have lost a bunch of banks now, along with tons of jbos. Those banks and jobs might still be around if they had only been willing to work with homeowners.

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Jonathan Jarvis has put together an excellent video describing the credit crisis – how it started, grew and flourished. Jonathan has to be commended for the clarity that this puts to the issue. The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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