Water flowing underground….
If, like David Byrne, you’re wondering, “Well, how did I get here?” (or if you’ve lost a ton on stocks in outfits like GM and AIG, you may ask yourself, “My god! What have I done?!”)
Well, as happens once in a lifetime, there is an answer:
The Crisis of Credit: Visualized
It’s a lovely, lively little video that explains the way things should have worked, and how they stopped working. Not once does it stop making sense.
Now, one must bear in mind that this was done as an art school project, and not an exercise in finance… so… is it right, or is it wrong? Well… I don’t know for sure, but it seems to line up with most of the other versions of the story I’ve heard.
Where does that highway go to? I’m not sure, but I think it goes through Van Horn, Texas.