From http://www.xplane.com/subprime/:
This three-and-a-half minute movie by XPLANE shows us the brief history of the subprime crisis.
It takes viewers through the process starting in 2000 and ending in current day, detailing the role that home buyers, mortgage lenders, banks, financial institutions and ultimately asset backed securities played. The production was created by XPLANE’s renowned information design team using Cintiq technology byWacom to allow for live and still animation, and voiceover.
The United States economy is suffering one of the worst financial crises in history, due to seriously flawed subprime mortgage lending practices over the past eight years. The repercussions have already been severe and continue to unravel. American people are fearful and unsure of what the future holds. How did we get to this point? Clearly understand the roles that borrowers, mortgage lenders, banks, financial institutions and asset backed securities played in creating this financial meltdown of historic proportion.
Earlier this year XPLANE created an infographic detailing how Barack Obama is the first major candidate to decline participation in the public funding system because of the support he has garnered through online social networks.
The work has been viewed nearly 12,000 times and can be downloaded at http://www.xplane.com/obama/.
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