The credit crisis as Antarctic expedition

Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue.

Category:

Education

Tags:

• Marketplace
• business
• money
• financialCrisis
• creditCrisis
• PaddyHirsch

[Truthiness231]

Instead of working on metaphors, perhaps we could be working on solutions? ^.^

(just a joke, of course; I understand the first step is informing the masses about the problem as best we can)

Seriously though, good metaphor. Though, by the metaphor, we could solve these problems if we just throw enough of these rich fucks into the abyss (thus filling the "problem hole"). I like it! ^.^

[DeltaUnifomDeltaEcho]

I am wondering why these videos don't have a million views or more... Still, I am enjoying them, and it's very interesting and relevant information. Thanks for putting them out there.

[PktMma]

That sounds good but as you said the expeditioneers have a short memory. What if they full up again with the same bag cargo before Henry comes back?

[mingdontsing]

thanks for making exam study fun as hell

[ACtruth1]

They should make a children's book on this so maybe our kids won't be so stupid.

[milan82]

Great Video

[atofinkelstein]

We must have on a subset of allowed finansial transactions - all accounted and registered.

Also limitations of trade on finansial assets and liabilities must be set. Central banks must be nationalized and belong to government. More modern money standard must be established.

But no political leader will ever even dare to speak about it and propose such reforms - he will be murdered in no time by banking clans.

[Jfrisella]

I second that

[abhish1984]

Thanks Paddy, this is an excellent video that explains the crisis in very simple terms. I really hope more and more people watch this and understand the actual reasons for this 'bad' situation, rather than plain blank pointing fingers at any thing that looks ugly.