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I'll be the first to admit that the credit crisis is pretty confusing. Luckily the Internets are filled with eggheads that can explain, in just over 10 minutes, how we got into this mess. (Speaking of eggheads, our own Jens Odegaard drew comparisons between this and another financial crisis in February's Take Two.) Here are two videos that explain different parts of a very complex economic situation:

This one comes from a thesis project by Jonathan Jarvis for the Art Center College of Design in Pasadena, California:


For more information on Credit Default Swaps watch this Khan Academy video, along with other credit crisis videos at khanacademy.org:

When watching/reading pieces on this topic, keep in mind some of the most thought provoking words of our time, "Knowing is half the battle." Knowing how money moves through the financial system will help you decide how to invest your money.

--Cody