" A visual Guide to the Financial Crisis" A clear and easy to grasp flow chart

I am not able to make this chart show up here in a legible format.
You will not regret looking at it at the link.
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This is a chart and words published by Jess on Dec. 18th 2008

"Almost overnight, the talking heads went from perpetuating the euphoria of investors to rushing to pronounce the economy dead. Last year, when lenders started dropping like flies as foreclosures rose and margins were called, the problems of Wall Street became more and more apparent, and lending guidelines were tightened to the point that many individuals were stuck in their time-bomb loans, and thus began a vicious cycle. But what led to this? Here is a visual guide to help you understand the events leading up to the bailout"

http://blog.mint.com/blog/finance-core/a-visual-guide-to-the-financial-crisis
by wallstats.com

What a humongous mess!!

I did not regret looking and am passing it along to friends.

To fix the economy once she occupied the White House.

And very sadly, and very discouragingly, Obama's picks of Geithner, Rubin and Summers are just as flawed. To think that Obama had an opportunity to put Mr Kucinich into power in one of those slots, or if he wanted to be all bi-partisan about it, he could have chosen Issa, but instead he choose the crooks -- that really implodes my brain.

To those of you who say that Kucinich is just a grandstander, I ask you to look at his record in attempting to prevent the buy-out of the people's utility from the big banks of an Ohio city. perhaps the only single bright spot of our recent Financial Tsunami was Kucinich and Issa's handling of Kashkari and Paulson.

The people that should be hanging from the street lamp posts continue with the rape and pillage of our economy. Thanks President-to-be Obama. Thanks so much. I voted for real change, and I just don't see it.

k & r..

Click on the graphic. That takes you to a thumbnail. Right click on the thumbnail and save it to your hard drive. When you open up the saved graphic, it is the same size as the full sized graphic.

Voila!

Loser friendly I am told - I'm not yet cruising with it.
Much obliged !

By cascading various derivatives and abdicating responsibility for responsible risk assessment, the "crisis of confidence" targets the irresponsibility of the industry insiders and mover-shakers, NOT the customers/consumers. Any notion of "firewalls" to contain a failure was overwhelmed by the zeal to create ever more tenuous derivatives. Utter fucking insanity.

I like the pretty colors though.

To me it's simply...

MONEY AS PURE DEBT SCAM
1. Government deregulates, April 2004, 10:1 goes out the window, NO LIMIT.

2. Bubble ensues, then BURSTS. Lenders fail.

3. Repub Government bails them out, Taxpayers pay.


Historically:
DOT COM SCAM
1. Gov deregulates time needed before IPO.
2. Dot com bubble ensues, busts,
3. Dang Democrats aren't dumb enough to bail out dumb Republicans who misjudged how much time they needed before they could take over the tax bailout command ship.

S&L CRISIS SCAM
1. Gov deregulates interest rates while still insuring deposits.
2. S&L bubble ensues, busts, i.e. S&L's fail.
3. Repub government bails out S&L's with taxpayer's money.

There are more SCAMS.

:kick: