The U.S. Financial Crisis
Above is not just the first place winner in slideshare.net‘s Credit Crisis in Under 30 Slides first place winner, it is a recap of recent events in our economy. It’s tough to present such a complex idea and the presentation has been called “finger pointing” by some and others opine that it simply “highlight[s] that a [sic] eerily familiar pattern continues to repeat itself throughout history” and I won’t even tell you what people in my gmail inbox said about it (it got colorful in support AND opposition).
Because we’re still in the heat of the moment, it is difficult to tell the true depth of what is going on in this ultra complex machine that is our economy. No one short of Bernanke could give an overview of current events accurately… err, despite his recent “my bad” and that “inflation will have to be reigned in once the economy improves but implied it is a future issue, not a current concern.” Just sayin’… this stuff is hard to unravel even for the experts.
So what do YOU think of the slide show? Is it accurate? Do you agree or disagree with the message or the design?
Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.
Nicole Lahti
December 3, 2008 at 7:20 pm
This slideshow does a good job of showing why its so annoying when politicians & pundits point fingers NOW after contributing to the problem. We can blame loose lending standards all day long, but the fact is banks wouldn’t have lent money to anyone with a heartbeat if there wasn’t so much money to lend. One of the biggest culprits in this whole mess is the Fed and the manner by which it increased liquidity into the market with its consequetive rate cuts post 9/11. Loose lending standards was the flame, and excessive, albeit articficial, liquidity was the gasoline. Or visa versa, either way they’re both at fault. Unfortunately, not enough people hold the Fed accountable for its actions because its made us believe its our savior now. In my opinion, they’re just doing what got us here in the first place — artificially pumping liquidity into a market to save it from a recession. It helped in the shortrun post 9/11, but look at the mess we’re in now.
Missy Caulk
December 3, 2008 at 8:19 pm
Interesting, I thought the Wall Street Journal slide for 1999 was really on point. We have been given certain unalienable rights, the right to life, liberty and the PURSUIT of happiness.
Not a right to a home. False premise leads to false results.
Vicki Moore
December 6, 2008 at 11:03 pm
I thought it was very accurate and simplistic in its explanation. I’d be interested in hearing the perspective of those who disagree with it.