Comments on: The Credit Crisis, Illustrated http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/ Joey deVilla's Personal Blog Sun, 08 Nov 2009 00:27:09 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: The Crisis of Credit, Visualized — The Adventures of Accordion Guy in the 21st Century http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-20705 The Crisis of Credit, Visualized — The Adventures of Accordion Guy in the 21st Century Sun, 22 Feb 2009 19:37:09 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-20705 [...] year, I posted an article titled The Credit Crisis, Illustrated, which attempted to provide an easier-to-understand explanation of how we got into this mess in the [...] [...] year, I posted an article titled The Credit Crisis, Illustrated, which attempted to provide an easier-to-understand explanation of how we got into this mess in the [...]

]]> By: ep http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-16653 ep Mon, 06 Oct 2008 04:21:12 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-16653 Great piece. I did a very through breakdown on my site and would love to get your thoughts: http://anotherdamnblog.com/index.php/why-are-we-in-a-the-financial-crisis/ Great piece. I did a very through breakdown on my site and would love to get your thoughts:

http://anotherdamnblog.com/index.php/why-are-we-in-a-the-financial-crisis/

]]> By: Per Kurowski http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-16251 Per Kurowski Sat, 20 Sep 2008 14:45:34 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-16251 And don’t forget THE LESSON to be learnt! Never ever allow the financial regulators again to empower some few credit agencies to act as risk kommissars and operate with what almost amounts to a risk information monopoly, as this, sooner or later, has to take the world over another precipice. Without the credit rating agencies’ AAAs the absolutely lousily awarded mortgages to the subprime sector would have gone nowhere. Do not lie to yourself about the markets being free. Is a young boy allowed by his father to roam around only in the company of a governess really free? Of course not! In a letter to the Editor of the Financial Times published May 11, 2003 I said “Everyone knows that, sooner or later, the ratings issued by the credit agencies are just a new breed of systemic errors, about to be propagated at modern speeds". Unfortunately the reality was that those who really should know that, the financial regulators, didn’t, and perhaps did not even care about it. http://teawithft.blogspot.com/2008/09/and-what-about-folly-of-generation-of.html And don’t forget THE LESSON to be learnt!

Never ever allow the financial regulators again to empower some few credit agencies to act as risk kommissars and operate with what almost amounts to a risk information monopoly, as this, sooner or later, has to take the world over another precipice.

Without the credit rating agencies’ AAAs the absolutely lousily awarded mortgages to the subprime sector would have gone nowhere.

Do not lie to yourself about the markets being free. Is a young boy allowed by his father to roam around only in the company of a governess really free? Of course not!

In a letter to the Editor of the Financial Times published May 11, 2003 I said “Everyone knows that, sooner or later, the ratings issued by the credit agencies are just a new breed of systemic errors, about to be propagated at modern speeds”. Unfortunately the reality was that those who really should know that, the financial regulators, didn’t, and perhaps did not even care about it.

http://teawithft.blogspot.com/2008/09/and-what-about-folly-of-generation-of.html

]]> By: Navaneethakrishnan http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-16103 Navaneethakrishnan Tue, 16 Sep 2008 10:31:21 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-16103 That article was a great illustration for Credit Crisis and Subprime Crisis.. Thanks a Lot for a great Work... That article was a great illustration for Credit Crisis and Subprime Crisis.. Thanks a Lot for a great Work…

]]> By: richard l nestrick http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-14327 richard l nestrick Sat, 28 Jun 2008 22:31:14 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-14327 theres still an underlying physical asset. who has it. when the banks write the value to 0 then later rewrite a mortgage or liquidate, thier balance sheets will baloon and thier ceo will demand a kings ransome in compensation. theres still an underlying physical asset. who has it. when the banks write the value to 0 then later rewrite a mortgage or liquidate, thier balance sheets will baloon and thier ceo will demand a kings ransome in compensation.

]]> By: Permjit Singh http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12644 Permjit Singh Wed, 16 Apr 2008 07:05:01 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12644 Sounds logical but it's not the whole story. Where is the cash that the bank gave and recovered? Sounds logical but it’s not the whole story. Where is the cash that the bank gave and recovered?

]]> By: Anne Onimos http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12419 Anne Onimos Sat, 05 Apr 2008 00:05:48 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12419 Hey, this one's good too: http://www.cbc.ca/news/background/personalfinance/subprime.html Hey, this one’s good too: http://www.cbc.ca/news/background/personalfinance/subprime.html

]]> By: Global Nerdy | Zed Shaw Can’t Get a Break http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12298 Global Nerdy | Zed Shaw Can’t Get a Break Thu, 27 Mar 2008 13:54:16 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12298 [...] question is even more of a household name today: it’s Bear Stearns, the biggest victim of the subprime meltdown. You can find out more on Zed’s blog (which alas, has no [...] [...] question is even more of a household name today: it’s Bear Stearns, the biggest victim of the subprime meltdown. You can find out more on Zed’s blog (which alas, has no [...]

]]> By: Matt http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12275 Matt Wed, 26 Mar 2008 17:12:32 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12275 Nail them to the wall! Nail them to the wall!

]]> By: soheicube linkpost http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12266 soheicube linkpost Wed, 26 Mar 2008 01:27:19 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12266 <strong>The Credit Crisis, Illustrated:サブプライムローン問題を漫画で解説...</strong> 自分のような金融知識ゼロの人間に役立つ解説です。 中盤あたりから、難しくなってくきます。 The Credit Crisis, Illustrated [via Neatorama] ...... The Credit Crisis, Illustrated:サブプライムローン問題を漫画で解説…

自分のような金融知識ゼロの人間に役立つ解説です。
中盤あたりから、難しくなってくきます。
The Credit Crisis, Illustrated [via Neatorama]
……

]]> By: And so kids, that’s why we’re burning hundred dollar bills to keep warm. « Random Firings from My Brain http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12255 And so kids, that’s why we’re burning hundred dollar bills to keep warm. « Random Firings from My Brain Tue, 25 Mar 2008 17:16:04 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12255 [...] I hold your intelligence in such contempt that I believe you probably won’t get it anyway. Here it is, courtesy of the Accordion Guy(he got it from somewhere else but he links to it in the top of his [...] [...] I hold your intelligence in such contempt that I believe you probably won’t get it anyway. Here it is, courtesy of the Accordion Guy(he got it from somewhere else but he links to it in the top of his [...]

]]> By: The Two Wolves Weblog » Blog Archive » History of the Credit Crisis http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12251 The Two Wolves Weblog » Blog Archive » History of the Credit Crisis Tue, 25 Mar 2008 12:56:09 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12251 [...] The Credit Crisis, Illustrated - The Adventures of Accordian Guy in the 21st Century Filed under: Politics [...] [...] The Credit Crisis, Illustrated – The Adventures of Accordian Guy in the 21st Century Filed under: Politics [...]

]]> By: » The Credit Crisis, in a Single Picture » The Adventures of Accordion Guy in the 21st Century : Joey deVilla’s Personal Blog http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/comment-page-1/#comment-12175 » The Credit Crisis, in a Single Picture » The Adventures of Accordion Guy in the 21st Century : Joey deVilla’s Personal Blog Thu, 20 Mar 2008 17:31:42 +0000 http://www.joeydevilla.com/2008/03/20/the-credit-crisis-illustrated/#comment-12175 [...] Crisis”/”Subprime Meltdown” than the 23 comic panels in my earlier posting, The Credit Crisis, Illustrated. There is a single illustration that captures the essence of what caused the crisis, although [...] [...] Crisis”/”Subprime Meltdown” than the 23 comic panels in my earlier posting, The Credit Crisis, Illustrated. There is a single illustration that captures the essence of what caused the crisis, although [...]

]]>