Tuesday, 4 May 2010

the financial crisis in a nutshell

This blog was supposed to be mostly about the extraordinary insights that a highly "sharp and sophisticated" person could bring to the world as he explores the virtual wonderworld (or shall I say, underworld?...).

However, I'm making an exception as and will post this little video that follows up from the discussion we had today about the financial crisis in the economics class.

This video has got all we talked about in class regarding the Fanny Mae's and the big investment banks ran by "highly sharp and sophisticated" people. And there is a little bonus: if you ever wondered REALLY why the heck we are bailing the banks out wait for the punchline at the end!



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