Something my uncle could easily understand, so emailed off to him...
http://vimeo.com/3261363
Enjoy.
http://vimeo.com/3261363
Enjoy.
Originally posted by: IHateMyJob2004
The numbers are misleading but good to prove the point to the average person.
Very well done!
It doesn't adequately explain how the markets would have "frozen" without the bailout though.
It's amazing. Warren Buffet in the Berkshire Shareholder letter warned about the impending crisis and he was dead on! He called them "Fianancial weapons of mass destruction". It was either 2001 or 2002.