Credit Crunch Demystified!
What does credit crunch mean? Well.. any rotting dictionary would help you find it. But what is the reason for current Credit Crunch? Sub prime… Non Performing Collaterals… fed’s policies… liquidity crisis… CDOs… ARMs… WTF? Any article helping you understand the reason for current credit crunch will pound your ears with these jargons. I bet you’ll loose your interest before you get even one of these concepts clear. Isn’t there a single soul on earth to explain this in layman’s terms? Well, seems that someone has heard you. I found this video on credit crunch. The creator has super simplified the content. After seeing this video, even my granny started an eloquent rhetoric on the crunch with her pals.
All credit goes to the creator of the video. Awesome job mate!