Comments on: Visual Guide to the Financial Crisis http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/ Strength in Numbers Wed, 23 May 2012 21:06:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Brenda http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-27772 Brenda Wed, 22 Apr 2009 15:26:11 +0000 http://flowingdata.com/?p=1141#comment-27772 He's just missing how it all started on 9/11 recession bubble passed to housing sector supposedly to avoid crisis... ja!!! He’s just missing how it all started on 9/11 recession bubble passed to housing sector supposedly to avoid crisis… ja!!!

]]> By: Visual Guide to the Financial Crisis « Kovács Péter’s blog http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-27036 Visual Guide to the Financial Crisis « Kovács Péter’s blog Fri, 10 Apr 2009 07:37:02 +0000 http://flowingdata.com/?p=1141#comment-27036 [...] Visual Guide to the Financial Crisis I have found this interesting visual explanation on the net. [...] [...] Visual Guide to the Financial Crisis I have found this interesting visual explanation on the net. [...]

]]> By: Paul Lavallee http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-25859 Paul Lavallee Tue, 24 Mar 2009 23:06:16 +0000 http://flowingdata.com/?p=1141#comment-25859 You need to start the first diagram with a big box entitled " Government / Congress deregulation opens the doors to criminals who jumped at the opportunity to steal citizens money out of 401k's and pension funds and personal investing" then add a box at the end "Government steals our money to cover the bets of the crooks and so they can pay off hedge funds and overseas banks & governments" Put it to the US Citizens on ALL sides of the transactions. You need to start the first diagram with a big box entitled ” Government / Congress deregulation opens the doors to criminals who jumped at the opportunity to steal citizens money out of 401k’s and pension funds and personal investing” then add a box at the end “Government steals our money to cover the bets of the crooks and so they can pay off hedge funds and overseas banks & governments”

Put it to the US Citizens on ALL sides of the transactions.

]]> By: Michael http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-25108 Michael Sat, 14 Mar 2009 19:54:16 +0000 http://flowingdata.com/?p=1141#comment-25108 The only issue i have with this graphic is the implication that the mortgage being for more than the house is worth CAUSES the homeowner to not be able to pay the mortgage. The amount of the mortgage has not changed, so the drop in value of the home doesn't itself impact the homeowners ability to pay. The issue is that the homeowner could NEVER have afforded to pay for the home over the long term -- they bought the home with an artificially low interest rate, counting on the home value increasing before their payment increased, so they could sell the home, and make a tidy profit on the "instant equity". They could then either repeat this process, or could purchase a sensible home. It's not the disparity between mortgage value and home value that caused homeowners to be unable to pay, it's that they couldn't afford the home in the first place. -TSG The only issue i have with this graphic is the implication that the mortgage being for more than the house is worth CAUSES the homeowner to not be able to pay the mortgage.

The amount of the mortgage has not changed, so the drop in value of the home doesn’t itself impact the homeowners ability to pay.

The issue is that the homeowner could NEVER have afforded to pay for the home over the long term — they bought the home with an artificially low interest rate, counting on the home value increasing before their payment increased, so they could sell the home, and make a tidy profit on the “instant equity”. They could then either repeat this process, or could purchase a sensible home.

It’s not the disparity between mortgage value and home value that caused homeowners to be unable to pay, it’s that they couldn’t afford the home in the first place.

-TSG

]]> By: jejar http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-23857 jejar Mon, 16 Feb 2009 03:31:53 +0000 http://flowingdata.com/?p=1141#comment-23857 Thanks, that was a very interesting read. The history behind the facts… Thanks, that was a very interesting read. The history behind the facts…

]]> By: la guía visual de la crisis financiera [EN] http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-23178 la guía visual de la crisis financiera [EN] Thu, 29 Jan 2009 09:19:18 +0000 http://flowingdata.com/?p=1141#comment-23178 [...] la guía visual de la crisis financiera [EN] flowingdata.com/2008/11/25/visual-guide-to-the-financial-cri... por beip hace pocos segundos [...] [...] la guía visual de la crisis financiera [EN] flowingdata.com/2008/11/25/visual-guide-to-the-financial-cri… por beip hace pocos segundos [...]

]]> By: Bryce http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-23007 Bryce Fri, 23 Jan 2009 15:44:28 +0000 http://flowingdata.com/?p=1141#comment-23007 You forgot to add that people spend beyond their means, accumulate credit card debt they can't pay, consolidate the debt into a second mortgage, and then they are really upside down on their homes. I think basic financial irresponsibility on the part of the people contributes as well. You forgot to add that people spend beyond their means, accumulate credit card debt they can’t pay, consolidate the debt into a second mortgage, and then they are really upside down on their homes. I think basic financial irresponsibility on the part of the people contributes as well.

]]> By: Visual Picture of Current Financial Crisis « Help My Unbelief http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-22952 Visual Picture of Current Financial Crisis « Help My Unbelief Thu, 22 Jan 2009 15:23:16 +0000 http://flowingdata.com/?p=1141#comment-22952 [...] Adam under culture | Tags: economy, financial disaster |   I am a visual learner, so I found this chart very helpful, as it presents a simplified flow chart of how we got to our current financial state. [...] [...] Adam under culture | Tags: economy, financial disaster |   I am a visual learner, so I found this chart very helpful, as it presents a simplified flow chart of how we got to our current financial state. [...]

]]> By: What to Do? « Convergent Media Practice http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-22895 What to Do? « Convergent Media Practice Tue, 20 Jan 2009 10:21:15 +0000 http://flowingdata.com/?p=1141#comment-22895 [...] Visual Guide to the Financial Crisis [...] [...] Visual Guide to the Financial Crisis [...]

]]> By: How to explain troubled times : Befuddled http://flowingdata.com/2008/11/25/visual-guide-to-the-financial-crisis/#comment-22879 How to explain troubled times : Befuddled Mon, 19 Jan 2009 19:53:03 +0000 http://flowingdata.com/?p=1141#comment-22879 [...] FlowingData.com has a fantastic guide to understanding our current economic mess. How did we get here? Follow the arrows on their diagram. It’s a very cool look at the issue. [...] [...] FlowingData.com has a fantastic guide to understanding our current economic mess. How did we get here? Follow the arrows on their diagram. It’s a very cool look at the issue. [...]

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