This neat little video is possibly not new news, but as I am still asked: What does the "Credit Crunch" actually mean? I warmly recommend it. It's a really clear, no-nonsense story on how it all started and leaves out the technical stuff. The most obvious question to ask about this video is, why did the banks lend to "subprime" (i.e. not very creditworthy) customers? And the answer is, because they thought they could make money from them. Enjoy - you will need to click the link below, as YouTube's embed code doesn't work for this clip.
The Credit Crunch Video
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