Financial Crisis: Visual Explanation
Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of collateralized debt obligations those financial instruments that got us into this financial mess.
Looks quite a bit like a pyramid scheme to me...
(See Wikipedia for definitions of: Ponzi Scheme and Pyramid Scheme)
Marketplace
money
financial
crisis
cdo
corporate
debt
offering
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stupid
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collateralized
debt
obligations
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Channels:
Educational
Special Interests
Money & Politics
Added: 678 days ago by
dick
Runtime: 06:07 |
Views: 681 |
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