Bailout mascot

A friend of mine sent me this. Crude, but funny. Also sad actually, because it’s becoming increasingly obvious these bailouts are set up to protect greedy incompetent executives who caused the mess in the first place. If anyone knows of the correct origin, please let us know in the comments.

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March 20, 2009 - Posted by wwelvaert | Business & Economy | bailout, business, economy, recession

2 Comments »

The origin of the crisis would be a long story, but here are a few cool videos:

Crisis of Credit
http://www.crisisofcredit.com/

Untangling Credit Default Swaps
http://vimeo.com/1915392

Crisis Explainer

And you can learn more by viewing all the Paddy Hirsch videos (that British nerd is cool!)

Comment by Colin | March 22, 2009 | Reply
Thanks for the links, those are excellent videos explaining the credit crisis.

I still think the bailouts are a terrible idea though…

Comment by wwelvaert | March 22, 2009 | Reply