Video Explaining the Subprime Mortgage Time-Bomb

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

A short animation explaining the system of borrowing and lending that led to the current financial meltdown:
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.
Created by Jonathan Jarvis.
Narration by John Levoff.

Update: Useful links for the global economic meltdown.

 A Great Recession Guide - a mini-guide to the lighter side of the current, prolonged recession.

Google Tip Jar - a collection of money saving tips submitted and ranked by the web community.