As featured in The Wall Street Journal, Money Magazine, and more!
     

The Market Collapse in Terms of Champagne

This article was written by in Investing. 4 comments.


If you’re still confused, as I was, about what exactly led to the failure of just about everything financial, here’s a video made by a Senior Editor at Marketplace, explaining what happened with a clever metaphor:


Crisis explainer: Uncorking CDOs from Marketplace on Vimeo.

Published or updated October 8, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦1,358
Rank: Quarter
About the author

Smithee formerly lived primarily on credit cards and the good will of his friends. He is a newbie to personal finance but quickly learning from his past mistakes. You can follow him on Twitter, where his user name is @SmitheeConsumer. View all articles by .

{ 2 comments… read them below or add one }

avatar Harold

wow..I read about this but this video makes it understandable….thanks for posting

Reply to this comment

avatar Writer's Coin

Very clever way of explaining an otherwise very complicated process. Thanks!

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: