The crisis of credit visuali[s]ed

Written By: - Date published: 2:02 pm, May 22nd, 2009 - 1 comment
Categories: activism, International, interweb - Tags: , ,

I just came across this. It’s the first part of a video by a US organisation called A New Way Forward.

They’re organising nationwide video screenings of the extended version as well as town hall meetings and demonstrations to demand that their government “break up the insolvent banks and never again let them get so big that they distort our politics and corrupt the economy”.

The clip below’s about eleven minutes long but if you’re still trying to get your head around the financial crisis it’ll be time well spent.

For those who have a little more time, here’s the full version.

One comment on “The crisis of credit visuali[s]ed”

  1. Rich 1

    In NZ of course we didn’t have this sophistication. The big banks were making enough profit in straightforward banking not to need to try anything clever.

    However, we had little finance houses who managed (by tricks like hiring former All Blacks as frontmen, because a good clout to the head every week for a few years helps develop financial astuteness) to borrow money from greedy old people and lend it to greedy younger people. With similar results, albeit on a less disruptive scale.

    The only real way to fix the problem is to stop houses from being an investment and turn them into a place to live, but the voters wouldn’t let governments do that. Morons, but there you go..

Links to post

Recent Comments

Recent Posts

  • New digital service to make business easy
    A new digital platform aims to make it easier for small businesses to access services from multiple government agencies, leaving them more time to focus on their own priorities. Prime Minister Jacinda Ardern and Minister for Small Business Stuart Nash ...
    4 days ago
  • Million-dollar start to gun collection events
    Million-dollar start to gun collection events  Police Minister Stuart Nash says a solid start has been made to the gun buyback and amnesty after the first weekend of community collection events. “Gun owners will walk away with more than ...
    5 days ago
  • Praise after first firearms collection event
    Police Minister Stuart Nash has praised Police and gun owners after the first firearms collection event saw a busy turnout at Riccarton Racecourse in Christchurch. “Police officers and staff have put a tremendous effort into planning and logistics for the ...
    5 days ago
  • New Police constables deployed to regions
    Seventy-eight new Police constables are heading out to the regions following today’s graduation of a new recruit wing from the Royal New Zealand Police College. Police Minister Stuart Nash says the record high number of new Police officers being recruited, ...
    2 weeks ago