Credit, in its simplest terms

A bailout of A.I.G. (now rumoring around $200 billion) is really a bailout of its trading partners — which essentially constitutes the entire Western banking system. NY Times

Here is why...

These videos are a bit lengthy, but they
make this complex subject easily to understand.
They are also extremely informative.

The credit crisis visualized, part 1:



Part 2: for those who are really interested



I tip my hat to Hip Hop Republican for posting them.