Transparency: Making Sense of the Financial Mess Submission from Emilia Klimiuk

GOOD.is Transparency: Making Sense of the Financial Mess Submission from Emilia Klimiuk
from awesome.good.is

Comment from the contributor:

From GOOD Magazine --
 
Check out this awesome infographic done during a contest for GOOD Magazine.  How did easy credit turn into toxic debt?  How did the subprime mortgage crisis in the U.S. affect the global economy?  This cheat sheet will help boil down the financial crisis in one fell swoop.
 
Like this visualization?  Here's more to help you make sense of the global money mess.
 
Still hungry?  Check this out.

0 comments
Share
Flag
    • Url
    • 0 comments
    • 0 views
    Refresh Page With This Collapse
    Making Sense of the Financial Mess Submission from Karen Ong
    %3Ca%20href%3D%22http%3A%2F%2Fawesome.good.is%2Ftransparency%2Fusersubmissions%2Ffinancialcrisis%2Fong%2F%22%20rel%3D%22externals%22%3E%3Cimg%20src%3D%22%2Fsites%2Fdefault%2Ffiles%2Fphotos%2F25615_making_sense_of_the_financial_mess_submission_640x480.jpg%22%20alt%3D%22Making%20Sense%20of%20the%20Financial%20Mess%20Submission%20from%20Karen%20Ong%22%20title%3D%22Making%20Sense%20of%20the%20Financial%20Mess%20Submission%20from%20Karen%20Ong%22%20%20%2F%3E%3C%2Fa%3E
    from%20awesome.good.is
    %3Cp%3EFrom%20GOOD%20Magazine%3A%3Cbr%20%2F%3E%0AAn%20informative%20look%20at%20the%20global%20financial%20crisis%20and%20its%20roots%20in%20the%20subprime%20mortgage%20debacle.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fawesome.good.is%2Ftransparency%2Fusersubmissions%2Ffinancialcrisis%2Fong%2F%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BMaking%20Sense%20of%20the%20Financial%20Mess%20Submission%20from%20Karen%20Ong%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • Q&A: Sub-prime lending Q&A: Sub-prime lending
    Submitted 8 months ago By stomlin
    • Url
    • 0 comments
    • 29 views
    Refresh Page With This Collapse
    Q&A: Sub-prime lending
    %3Ca%20href%3D%22http%3A%2F%2Fnews.bbc.co.uk%2F2%2Fhi%2Fbusiness%2F5144662.stm%22%20rel%3D%22externals%22%3E%3Cimg%20src%3D%22%2Fsites%2Fdefault%2Ffiles%2Fphotos%2F18471_qa_sub_prime_lending_640x480.jpg%22%20alt%3D%22Q%26amp%3BA%3A%20Sub-prime%20lending%22%20title%3D%22Q%26amp%3BA%3A%20Sub-prime%20lending%22%20%20%2F%3E%3C%2Fa%3E
    from%20news.bbc.co.uk
    %3Cp%3EFrom%20BBC%20News%20--%26nbsp%3B%20This%20March%202007%20article%20foreshadows%20the%20impending%20sub-prime%20mortgage%20crisis%20in%20the%20US%20and%20the%20UK%2C%20and%20provides%20an%20easy-to-understand%20overview%20of%20the%20main%20terms%20and%20concerns%20as%20they%20erupt%20in%20the%20public%20eye.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fnews.bbc.co.uk%2F2%2Fhi%2Fbusiness%2F5144662.stm%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BQ%5Cx26A%20Sub-prime%20lending%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • The Deal That Fueled Subprime
    Submitted 8 months ago By stomlin
    • Url
    • 0 comments
    • 12 views
    Refresh Page With This Collapse
    The Deal That Fueled Subprime
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2009%2F03%2F06%2Fbusiness%2Feconomy%2F06norris.html%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20The%202002%20merger%20agreement%20for%20HSBC%2C%20an%20international%20bank%20based%20in%20London%2C%20to%20buy%20Household%20International%2C%20the%20largest%20American%20finance%20company%2C%20set%20the%20precedent%20of%20subprime%20lending%20as%20a%20respectable%20practice%20for%20years%20to%20come%2C%20paving%20the%20way%20for%20future%20financial%20crisis.%20%20Household%20had%20a%20history%20of%20%22slightly%20disreputable%22%20business%20practices%2C%20including%20giving%20subprime%20loans%20to%20homeowners%20who%20could%20often%20not%20borrow%20elsewhere.%3Cbr%20%2F%3E%0A%3Cblockquote%3EOn%20Monday%2C%20the%20HSBC%20chief%20Michael%20Geoghegan%20said%3A%20%26ldquo%3BThis%20is%20an%20acquisition%20we%20wish%20we%20had%20not%20undertaken.%26rdquo%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%3E%3C%2Fa%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2009%2F03%2F06%2Fbusiness%2Feconomy%2F06norris.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BThe%20Deal%20That%20Fueled%20Subprime%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • The Crisis of Credit Visualized The Crisis of Credit Visualized
    Submitted 8 months ago By stomlin
    • Video
    • 0 comments
    • 30 views
    Refresh Page With This Collapse
    The Crisis of Credit Visualized
    %3Cdiv%20class%3D%22article-video-container%22%20id%3D%22video-3176%22%3E%3Cdiv%20class%3D%22swfobject%22%20title%3D%22%7B%27width%27%3A640%2C%27height%27%3A406%2C%27swf%27%3A%27http%3A%5C%2F%5C%2Fvimeo.com%5C%2Fmoogaloop.swf%3Fclip_id%3D3261363%26amp%3Bserver%3Dvimeo.com%26amp%3Bshow_title%3D1%26amp%3Bshow_byline%3D1%26amp%3Bshow_portrait%3D0%26amp%3Bcolor%3D%26amp%3Bfullscreen%3D1%27%7D%22%3E%3C%2Fdiv%3E%3C%2Fdiv%3E %3Cp%3EFrom%20CrisisofCredit.com%20--%20%20This%20short%20film%20by%20Johnathan%20Jarvis%20uses%20motion%20typography%20and%20animation%20to%20explain%20the%20global%20financial%20crisis%20and%20how%20it%20started.%20%20A%20great%20way%20to%20visualize%20how%20the%20bursting%20of%20the%20housing%20bubble%20led%20to%20economic%20woes%20for%20homeowners%2C%20lenders%2C%20and%20investors%20alike.%26nbsp%3B%20From%20the%20dot-com%20bubble%20to%20mortgage%20backed%20securities%2C%20this%20video%20covers%20it%20all.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AThis%20is%20a%20must%20see%20for%20understanding%20the%20global%20financial%20crisis.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AFor%20more%20help%20understanding%20%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fcredit-default-swaps-explained%2F26237%22%20rel%3D%22externals%22%3ECredit%20Default%20Swaps%3C%2Fa%3E%2C%20get%20the%20low%20down%20from%20Economics%20Help.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AAnd%20don%27t%20forget%20to%20learn%20about%20%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fwhy-a-us-subprime-mortgage-crisis-is-felt-around-the-world%2F26147%22%20rel%3D%22externals%22%3E%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fwhy-a-us-subprime-mortgage-crisis-is-felt-around-the-world%2F26147%22%3ECollateralized%20Debt%20Obligations%3C%2Fa%3E%3C%2Fa%3E.%3C%2Fp%3E%0A
    0 comments
    Share
    Flag
    • Url
    • 0 comments
    • 6 views
    Refresh Page With This Collapse
    Helping to Keep Homelessness at Bay as Foreclosures Hit More Families
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2008%2F02%2F04%2Fnyregion%2F04neediest.html%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--The%20sub-prime%20mortgage%20lending%20created%20a%20bubble%20that%20burst%2C%20leaving%20thousands%20of%20homeowners%20homeless%20in%20New%20York%20City.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3B%26%23147%3B%26nbsp%3BHousing%20advocates%2C%20as%20well%20as%20city%20and%20state%20elected%20officials%2C%20describe%20the%20situation%20as%20nothing%20less%20than%20a%20crisis%2C%20with%20a%20growing%20number%20of%20New%20York%20homeowners%20who%20losing%20or%20in%20danger%20of%20losing%20their%20homes%20to%20foreclosure.A%20report%20released%20in%20October%20by%20Senator%20Charles%20E.%20Schumer%2C%20Democrat%20of%20New%20York%2C%20found%20that%20out%20of%20more%20than%20364%2C000%20outstanding%20subprime%20loans%20held%20by%20state%20homeowners%2C%20more%20than%2020%20percent%20would%20end%20up%20in%20foreclosure%20by%20the%20end%20of%202009.%26nbsp%3B%26%23148%3B%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2008%2F02%2F04%2Fnyregion%2F04neediest.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BHelping%20to%20Keep%20Homelessness%20at%20Bay%20as%20Foreclosures%20Hit%20More%20Families%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
    • Url
    • 0 comments
    • 5 views
    Refresh Page With This Collapse
    U.S. regulators ignored red flags on risk: GAO
    %3Ca%20href%3D%22http%3A%2F%2Fwww.reuters.com%2Farticle%2FpoliticsNews%2FidUSN1849242020090318%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20reuters.com
    %3Cp%3EFrom%20Reuters%20--%20%20A%20new%20report%20from%20the%20Government%20Accountability%20Office%20says%20the%20myriad%20of%20governmental%20financial%20regulatory%20agencies%20failed%20to%20heed%20red%20flags%20and%20take%20a%20big-picture%20risk%20assessment%20in%20the%20current%20economic%20crisis.%20Policymakers%20are%20considering%20giving%20increased%20authority%20to%20one%20regulator.%3C%2Fp%3E%0A%3Cp%3E%22A%20slew%20of%20regulators%20with%20differing%20responsibilities%2C%20including%20the%20Federal%20Reserve%2C%20the%20Securities%20and%20Exchange%20Commission%2C%20the%20Federal%20Deposit%20Insurance%20Corp%20and%20several%20others%2C%20in%20some%20cases%20did%20identify%20risk%20but%20did%20not%20act%20on%20it%2C%20the%20report%20said.%22%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.reuters.com%2Farticle%2FpoliticsNews%2FidUSN1849242020090318%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BU.S.%20regulators%20ignored%20red%20flags%20on%20risk%20GAO%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • Refresh Page With This Collapse
    Veteran's Were to Pay for Their Healthcare?!?
    %3Ca%20href%3D%22http%3A%2F%2Fsocialactions.net%2FjOk%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    %3Cp%3EOh%20DO%20correct%20me%20if%20I%27ve%20been%20misled.%26nbsp%3B%20Did%20our%20President%20try%20to%20slip%20in%20a%20bill%26nbsp%3Bthat%20would%20have%26nbsp%3Brequired%26nbsp%3BAmerican%20Veterans%20to%20be%26nbsp%3Bresponsible%20for%20their%20own%20healthcare%20costs...%20from%20injuries%20incurred%20from%20being%20sent%20to%20war%20to%20protect%20us%21%3F%21%26nbsp%3B%20From%20what%20I%20heard%20the%20whole%20notion%26nbsp%3Bwas%20quickly%20beaten%20down%20on%20the%20hill.%26nbsp%3B%20Apparently%20it%20would%20have%20saved%20the%20VA%26nbsp%3B%24500%20million%20in%20healthcare%26nbsp%3Bcosts.%26nbsp%3B%26nbsp%3B%20The%20whole%20notion%20of%20%22cost%20cutting%22...%26nbsp%3B%20More%20%26gt%3B%26gt%3B%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fsocialactions.net%2FjOk%22%20rel%3D%22externals%22%3EI%20am%20ready%20to%20TakePart%3C%2Fa%3E
    I am ready to
    0 comments
    Share
    Flag
    • Url
    • 0 comments
    • 1 view
    Refresh Page With This Collapse
    Geithner Explains New Bank Bailout
    %3Ca%20href%3D%22http%3A%2F%2Fvideo.nytimes.com%2Fvideo%2F2009%2F02%2F10%2Fbusiness%2F1231547576516%2Fgeithner-explains-new-bank-bailout.html%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20video.nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20Online%20--%20%20The%20New%20York%20Times%20Online%20offers%20CNBC%20coverage%20of%20Treasury%20Secretary%20Timothy%20Geithner%27s%20speech%20explaining%20President%20Obama%27s%20new%20Financial%20Stability%20Plan.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fvideo.nytimes.com%2Fvideo%2F2009%2F02%2F10%2Fbusiness%2F1231547576516%2Fgeithner-explains-new-bank-bailout.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BGeithner%20Explains%20New%20Bank%20Bailout%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
    • Url
    • 0 comments
    • 0 views
    Refresh Page With This Collapse
    Is General Motors Worth Saving?
    %3Ca%20href%3D%22http%3A%2F%2Fwww.time.com%2Ftime%2Fbusiness%2Farticle%2F0%2C8599%2C1858702%2C00.html%3Fiid%3Dsphere-inline-sidebar%3Fiid%3Dperma_share%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20time.com
    %3Cp%3EFrom%20%26lt%3Bi%26gt%3BTime%26lt%3B%2Fi%26gt%3B%20--%26nbsp%3BGeneral%20Motors%20is%20telling%20everyone%20who%20would%20listen%20that%20bankruptcy%20is%20not%20an%20option.%20%20The%20GM%20crisis%20is%20raising%20the%20issue%20of%20how%20far%20the%20government%20should%20go%20in%20rescuing%20insurance%20companies%2Cbanks%2C%20mortgage%20holders%2C%20credit-card%20issuers%20and%20automakers.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BFor%20months%2C%20General%20Motors%20had%20been%20telling%20everyone%20who%20would%20listen%20that%20bankruptcy%20was%20not%20an%20option.%20It%20had%20a%20%2430%20billion%20cash%20pile%20and%20plans%20to%20restructure%20the%20company%20as%20the%20economy%20rebounded%20and%202007%20U.S.%20auto%20sales%20topped%2016%20million%20units.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.time.com%2Ftime%2Fbusiness%2Farticle%2F0%2C8599%2C1858702%2C00.html%3Fiid%3Dsphere-inline-sidebar%3Fiid%3Dperma_share%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BIs%20General%20Motors%20Worth%20Saving%3F%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
    • Url
    • 0 comments
    • 1 view
    Refresh Page With This Collapse
    Calls for Clarity in New Bank Bailout
    %3Ca%20href%3D%22http%3A%2F%2Fdealbook.blogs.nytimes.com%2F2009%2F02%2F10%2Fcalls-for-clarity-in-new-bailout-for-us-banks%2F%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20dealbook.blogs.nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20Senior%20officials%20believe%20that%20forcing%20banks%20to%20reveal%20what%20they%20did%20with%20government%20funds%20would%20deter%20participation.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26ldquo%3B%26nbsp%3BThe%20Obama%20administration%20has%20pledged%20to%20make%20the%20bailout%20more%20transparent%2C%20indicating%20in%20recent%20days%20that%20it%20intends%20to%20ask%20banks%20to%20report%20publicly%20how%20they%20are%20spending%20funds%20from%20the%20bailout%2C%20known%20as%20the%20Troubled%20Asset%20Relief%20Program%2C%20or%20TARP.%26nbsp%3B%26rdquo%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fdealbook.blogs.nytimes.com%2F2009%2F02%2F10%2Fcalls-for-clarity-in-new-bailout-for-us-banks%2F%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BCalls%20for%20Clarity%20in%20New%20Bank%20Bailout%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
More results: