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What is a Credit Crunch?

An Animated Explanation of the Credit Crunch

ABC News tried to come up with the simplest explanation for the credit crunch and why the government has been debating a potential bailout, and its efforts resulted in a quick cartoon. Treasury Secretary Paulson and both Presidential candidates say that without a bailout package, there will be a credit crunch where businesses won't be able to meet payroll and consumers won't be able to get loans for college and homes. Check out the animated explanation of the credit crunch below.

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ilanac13 ilanac13 8 years
well i think that this was a good tool to help people understand it more. i love it!
smush smush 8 years
Pretty soon this will be set to music and become the newest School House Rock short ;) Very helpful.
TsuKata TsuKata 8 years
OMG, it's an OddTodd cartoon! Awesome!
graduatedsqueaks graduatedsqueaks 8 years
Robert Krulwich always makes the complicated stuff out there sound so simple!
mbkosel mbkosel 8 years
That was rad! I get it now!
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