Understanding Credit Crisis

Explains current credit crisis in USA and around the world with the help of simple animation and video.

A credit crunch (credit crisis) is a reduction in the general availability of loans (credit) or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. The following video explains credit crisis in simple terms with the help animation. The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.

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I like chocolate, gadgets, open source software, photography, traveling and all shades of green colors. I love spending time with fun loving friends and family members. This is my own online journal.

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