Happen to stumble upon this video that intelligently illustrate and explain the formation of a complex situation known as the crisis of credit. For those who are interested (especially Jaron since you are a banker), do watch the video at crisisofcredit.com.

It's amazing how brokers, bankers and investors earn millions of dollars through mortage loans, how these investors become greedy leading to introduction of higher risk mortages before resulting in a series of default payments and eventually creating a credit crisis.

I guess some of you may not be able to fully understand the entire concept after viewing for the first time. You may want to re-view a second time to fully grasp the whole process.

Enjoy the video...