The Crisis of Credit Visualized on Vimeo

Beautifully executed and so simple a 6th grader could follow it.  I finally know what all the acronyms they’ve been using on CNBC are!  I have been trying to follow and figure out how the credit crisis came to be and who was doing exactly what to which institutions, etc.  This really sums it up nicely and is incredibly easy to follow.  Of course I have no idea how accurate it is since, as previously stated, I don’t really get how all the pieces fit together.

The Crisis of Credit Visualized on Vimeo on Vimeo

via The Crisis of Credit Visualized on Vimeo.


Cue the Locusts!

The Suze Scoop from Suze Orman

HOLLLLLLLLL-AR!!! Change YES WE CAN! Barack Obama just did an amazing thing…he’s keeping me single! Let me back up…my boyfriend and I had already casually talked about not being totally opposed to the idea of getting hitched…then I got laid off and I was all…so how ‘bout we get ourselves civil unionized tomorrow? With fake plastic flowers? At the courthouse? I’ll buy you White Castle after? And you can get me on your insurance plan so I can get an epidural for my herniated disc in two weeks! YAY! Romantic, right? Who wouldn’t say yes to a proposal like that?!? Having been recently ‘emancipated’ from my job…I can’t really afford to buy him a ring…or a flat screen TV…which is what I’d imagine the male equivalent of a ring is…But I figure we could buy one in less than two months with all the money we’d save NOT paying for my COBRA plan…yeah…COBRA…incase you didn’t know…is INSANELY expensive…to the tune of near $500 a month in my particular case…

SO, back to the bit that can help you out if you get laid off…and why I am so darned pleased with Mr. President…the NEW Stimulus plan reduces COBRA payments for people who were ‘involuntarily’ removed from their jobs by 65%!!!! It makes COBRA affordable! Reachable! DOABLE! Personally I think this is brilliant because the next looming national crisis is going to be healthcare…First people get laid off, now they don’t have homes either, so the next thing to go…the next major expense that families can’t afford is ALWAYS health insurance. And when that happens, the uninsured become a burden on the rest of the healthcare system. Hospitals and doctors can’t deny people service…but people have empty pockets-you can’t garnish wages and you can’t put a lien against a home when they don’t have a home or any assets at all! So I think this is an absolutely brilliant plan…this will make it feasible and possible for families and individuals to continue health insurance and that is a step in the right direction-for everyone! So cheers to Barack and cheers to ME not having to race down the aisle for some sort of weird nouveau shotgun Brooklyn-style wedding.

The Suze Scoop