Thursday, April 16, 2009

The financial crisis visualized

It cannot be described in more clear way than this http://crisisofcredit.com/. 10 minutes later (after the video), ask yourself : “Who is responsible for the situation we have? Global Financial crisis?
- May be the home owner?
- No, no, no! May be defaulting mortgage owners?
- No, no, no! May be Government?
- Hmmmm, how about the risk management of corporations, being greedy for bigger market share and higher profits.
- Take 5 and think about it!

There is a nice saying in Bulgarian, which I will try to translate in English:
"Не вината на този, който яде хляба, а на този, който му го дава!"
"We should not blame the one who eats the bread, but the one who is giving it to him"

Brought to you by NEno

And from Iva:

Another pretty explanatory presentation, that has been rotating around Wall Street Journal guys for 2 years already:

http://www.scribd.com/doc/3023380/Subprime-PPT

2 comments:

* * Iva and Neno * * said...

Dear Neno, experts have already revealed who the guilty ones are:

http://www.guardian.co.uk/business/2009/jan/26/road-ruin-recession-individuals-economy

Iva

* * Iva and Neno * * said...

Ive, I am sharing one of the theories ;o))
Just like you do.

NEno