Post a Comment On: Internal Monologue

This is the best little video on the subject that I've seen:

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

(via somewhere I can't remember) It mainly covers the collateralized debt obligations (CDO's) and doesn't really talk about credit default swaps all that much. But it gives a nice overview of the basic mechanics of the mortgage-backed securities situation.