The Crisis of Credit Visualized

Level: beginner
Films for Action, 2009
The Crisis of Credit Visualized
Perspective: Post-Keynesian Economics
Topic: crisis
Format: Short Film
Duration: 00:11:10
Link: https://vimeo.com/3261363

The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly.


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