Don't understand the credit crisis...

[ShamelessWeasel]

or even if you do...I found this informative.

http://www.vimeo.com/3261363

[BackInTex]

So its the smokers who have 4 kids fault. Now I understand.

Actually that was pretty good. There's a guy in D.C. I wish would watch it.

[peacock2121]

I like it when someone can talk to me like I am a 5 year old without talking to me like I am stoopid.

This one did that.

I would like to see another that can tell me how to solve the problem that was created. Several versions would be great.

[ShamelessWeasel]

Bump...in case someone missed it late friday night.

[Vague Mini]

I sent it on to my sister who had sent me the PowerPoint one with the "frigid Norwegian ass" line in it. I'll show it to my oldest son when he comes home, because he's interested in stuff like this.

[Jeemie]

I like it when someone can talk to me like I am a 5 year old without talking to me like I am stoopid.

This one did that.

I would like to see another that can tell me how to solve the problem that was created. Several versions would be great.

Well- the thing about cartoons for a five-year-old is that they leave out some stuff.

Part of understanding what the solution will be is understanding that the houses and CDOs aren't worthless, as the cartoon says, but have some value.

We just don't know what the value is- we need to let the bombs explode to find that out.

Unfortunately, some of the solutions proffered by the government, such as TARP and the mortgage bailout aren't trying to control how rapidly the bombs explode- they're trying to make them not be bombs anymore.

But that costs money- OUR money- the money of people who could buy a mortgage and not have it turn into a bomb.

So we don't find out where the bombs are...AND, we prevent more mortgages/loans that won't turn into bombs and could re-start the growth cycle from being made.

The solution is- we need to find the bombs, and let them explode where they do as little harm as possible.

And that's the rub- because they WILL do harm...but we don't have the will to do that. We still think we can get out of this without the bombs exploding.

Unfortunately, the bombs WILL still explode...only in this manner, they'll do MORE damage.

Indeed, we're creating a NEW "big bomb"...called an "inflation bomb"...and we're not destroying the old bombs at the same time.

PS Sorry I couldn't make it into a cartoon.