I was watching the news the other night and the topic was the continuing slide of the housing market with foreclosures expected to continue to rise into 2012. I know...more upbeat economic news. One of my children asked what foreclosures were and as I was trying to explain it to him I could see I was creating more questions than answers. But as we say so often in the FamilyMint blog, you have to take advantage of every teaching opportunity that comes along.
I remembered a video I saw at a recent conference entitled "The Crisis of Credit Visualized" by Jonathan Jarvis. Interesting enough, Jonathan created this video as part of his thesis work in exploring the use of new media to make sense of complex topics. He did an excellent job here, as this eleven minute video lays out the cause of the financial meltdown in simple animated terms that even my child could understand. So if you or your own inquisitive children have ever wondered how we got into this financial mess in the first place, pile up the family in front of the computer and watch this informative video.