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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.

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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

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avatar Writer's Coin

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

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