This is going to be a very short entry. I just wanted to bring to your attention the amazing podcast by NPR, called Planet Money. It’s a daily podcast where they explain, in very simple words, the economy, and what’s going on. I have to admit it, I am an MBA student, but I have no background in finance at all. I am an engineer and a musician. No more no less. I listen to this thing almost daily in order to understand all the stuff my banker peers are talking about in b-school. I strongly recommend listening to this stuff. Nitey nite.

I know this is an old subject and huge banks are not falling off the cliffs anymore as much as they used to, just small ones (or maybe I haven’t been too diligent following the news?), but still, this video by Jonathan Jarvis brought to my attention is very entertaining. I think it conveys the essence of the crisis very eloquently to the average person, and makes you understand some of it intuitively.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.