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lippy
Joined: 28 Feb 2007
Posts: 64
Location: Illinois
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 Posted: Thu Feb 19, 2009 9:05 pm Post subject: The Crisis of Credit Visualized |
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In case you still don’t understand the credit crisis…
The Crisis of Credit Visualized
http://crisisofcredit.com/
Regards,
Lippy |
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supertreat
Joined: 04 Nov 2007
Posts: 139
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| Posted: Thu Feb 19, 2009 10:13 pm Post subject: |
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excellent! Thanks
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Assets - Liabilities = Equity + (Income - Expenses) |
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Norris
Joined: 08 May 2007
Posts: 320
Location: The Great Lakes State
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| Posted: Thu Feb 19, 2009 10:20 pm Post subject: |
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Thanks for the link, Lippy. Simple and understandable.
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Norris |
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sewall
Joined: 15 Mar 2008
Posts: 1340
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| Posted: Thu Feb 19, 2009 10:32 pm Post subject: |
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Boy is this good. The visuals are very entertaining.
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The Incidental Economist (blog) :::: Austin Frakt (flesh) |
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grumel
Joined: 30 Mar 2007
Posts: 1629
Location: Germany
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| Posted: Thu Feb 19, 2009 10:48 pm Post subject: |
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So people with more than one child that smoke cigarets are not able to pay back their mortages  . Great.
50 years ago, the non smokers with the one child would have been the outsiders. |
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Ariel
Joined: 10 Mar 2007
Posts: 1361
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| Posted: Fri Feb 20, 2009 12:09 am Post subject: |
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| Quote: | U.S. Tries a Trillion-Dollar Key for Locked Lending
By VIKAS BAJAJ
Published: February 19, 2009
Credit cards, home equity lines, student loans, car financing: none come cheaply or easily in these credit-tight times. The banks, the refrain goes, just will not lend money.
But it is not simply the banks that are the problem. It is also what lies behind them. |
http://www.nytimes.com/2009/02....nd.html?hp
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Do what you will, the capital is at hazard ... - Justice Samuel Putnam (1830), as quoted by John Bogle (1994) |
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bolivia
Joined: 02 Jul 2007
Posts: 299
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| Posted: Fri Feb 20, 2009 3:08 am Post subject: |
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fantastic visual - thanks for the link!
bolivia |
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grayfox
Joined: 15 Sep 2007
Posts: 1936
Location: Anytown, USA
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| Posted: Fri Feb 20, 2009 4:43 am Post subject: |
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Everything was going great until those overweight, cigarette-smoking sub-prime people with too many kinds showed up. All they are interested in is cashing their big fat welfare checks and making sure they have a steady supply of cigarettes and beer.
Noble bankers and politicians tried to help them out with affordable housing, but the greedy poor just could not be satisfied. Poor people are responsible for the problem; they should be the ones to pay for it. |
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