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Financial Crisis: Visual Explanation

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Added on Oct 24, 2008

Length: 06:07 | Comments: 0

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)

Channels: Educational   Special Interests   Money & Politics  

Tags: Marketplace  money    financial    crisis    cdo    corporate  debt  offering  corrupt  manager  CEO  stupid  decisions  collateralized  debt  obligations    business 

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