’s interesting, and very informative, but not one hundred percent complete. The bigger issue than the direct tranching was the use of default swaps, there are other functions like collateral agreements that are not covered.
‘Visual thinking’ is a new technique that is used to create visual explanations of complex messages. It enables you to literally see the various elements & how they all fit together.
This vid is a good example of how it is used and gives a simple explanation of the credit crunch
Second part of this esay to follow video - now you will have a better idae about the credit crunch
The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.Crisisofcredit.com