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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Saturday, May 23, 2009

Saturday Video Post 12

This video lays out the problems with the real estate CDO market.
It doesn't cover any of the problems with banks actually valuing their assets, government debt, etc. Just the basics on the CDO and touches lightly on CDS. A good watch, light and easy.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Good video from Ron Paul, political commentary and discussion on economic theories. I am in the camp of Austrian Economics over Keynesian. Quotes Ron Paul from 2003 describing the pending bubble.

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