Visualizing the Crisis of Credit (great animation)

It’s always 20/20 hindsight, but that shouldn’t stop one from appreciating good presentation videos:

Part 1
[kml_flashembed movie=”http://www.youtube.com/v/Q0zEXdDO5JU” height=”355″ width=”425″ /]

Part 2
[kml_flashembed movie=”http://www.youtube.com/v/iYhDkZjKBEw” height=”355″ width=”425″ /]

Hope that the children in the next generation will get to learn about CDOs in their regular textbooks, like how our generation learn about the atomic bomb.