Understanding the Credit Crisis
Let me be honest, if someone were to approach me and ask why the economy is the way it is right now I would probably say something along the lines of handing out too many mortgages to people who can’t pay and mention how there was just too much borrowed money. It would get me by, but I really don’t have a conceptual understanding of why those things occurred and it certainly isn’t enough knowledge to have an opinion on economic decisions being made in the news.
Perhaps I’m just uniquely ignorant, but I’m willing to bet that most people wouldn’t be able to explain it all very clearly if they had to. I feel like since it’s something that’s all over the news and heard and talked about every day, everyone just goes along as if they know what’s going on. Bits and pieces are gathered from hearing “who’s to blame” and what’s being done, then reactions are formed based on limited understanding. Everyone’s walking around with their emperor’s knowledge hoping no one calls them out because, of course, you’d be stupid NOT to understand.
But again, perhaps I’m uniquely ignorant.
In any case, I came across this video that does a pretty good job of explaining on a basic level what led up to the economic collapse. It’s really well done and the graphics keep your attention– which is important because, of course, this is all refresher anyways, right?
Enjoy!
[Poon]
p.s. Is that use of semi-colon correct? I just guessed.
john 5:47 am on February 25, 2009 Permalink |
sweet vid, now if only they taught my classes using videos like that..
i’m not positive but i don’t think that semi-colon was correct. i don’t think you follow up a semi-colon with a pronoun. i think a dash would’ve worked better like “It’s really well done and the graphics keep your attention—which is important because, of course, this is all refresher anyways, right?”
king 9:45 am on February 25, 2009 Permalink |
poon. that was wrong use of the semi.
right use would be this:
“It’s really well done and the graphics keep your attention; this is important because…”
the basic principle is to form 2 sentences that could stand on its own, on both sides of the semi. Link with a semi if the second sentence increases a reader’s understanding of the first.
Poon 11:03 am on February 25, 2009 Permalink |
hm. i knew there was something wrong. i like the dashed approach. Nice explanation King.
blupen 9:19 am on February 27, 2009 Permalink |
good video! i still don’t understand fully. but a lot better than i did, which was not at all. =)
Dan 11:54 am on February 27, 2009 Permalink |
I like this one better..http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff
Poon 4:20 am on February 28, 2009 Permalink |
@Dan
lol hilarious vid. if only everyone could follow such complicated rules.