Posts tagged “Hank Paulson”

Visualizing the credit crisis

The Crisis of Credit Visualized, Part 1

There have been many attempts to make the financial meltdown understandable, but The Crisis of Credit Visualized, by Jonathan Jarvis, is far and away the best I’ve seen. This is the kind of information that broadcast journalists should be drooling over, desperately trying to get their grubby little hands on it to fill up the precious moments between ad cycles. Instead, on my nightly news last night, I got to hear a story about a horse crapping on the side of the road and a dalmatian that rides a tricycle, literally back to back, in the middle of the newscast. I wonder why ad revenue for local broadcasters has dropped while Google continues to soar?

Even if you understand the credit crisis, it is worth taking a few minutes to watch the video above and Part 2, after the jump.

Thanks, Kevin!
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Quotable: Chief Maquinna

On the American Indian, Sustainable Banking System:

Once I was in Victoria, and I saw a very large house. They told me it was a bank and that the white men place their money there to be taken care of, and that by and by they got it back with interest. We are Indians and we have no such bank; but when we have plenty of money or blankets, we give them away to other chiefs and people, and by and by they return them with interest, and our hearts feel good. Our way of giving is our bank.Chief Maquinna
Nootka Tribe

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Happy new year!

I’ve been on a holiday hiatus and didn’t even bother to let you know I’d be gone for more than three days as per the terms of my e-lease. I’m glad to come back and find that the pipes didn’t burst in my absence. I hope you all had the chance to take some time away from your daily lives and celebrate life with those you care about. All the best of the New Year to you!

Ooh, almost forgot my fun news: BofA just increased my credit limit again on an account I don’t use. This is the third time since the bailouts began (1, 2). Looks like Conglomobank is desperate for my debt business in ’09. Clearly, the bailout worked!

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