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Troubled times. - Paul Noronha

Still not get able to get a hold on the scale of the turmoil in the financial markets worldwide? Here’s a round-up of some visual and interactive representations of the crisis from around the Web. First up, here’s a late-2007 page from the BBC Web site on the sub-prime mortgage crisis, seen as the precursor to the meltdown: The downturn in facts and figures (http://news.bbc.co.uk/2/hi/business/7073131.stm). The first graphic explains how the mortgage lending process works and where it went wrong (click the ‘how it went wrong’ checkbox for the crisis scene). For background on how the new global money flows work, check out the graphic linked from this April 2008 post from the DealBook blog in The New York Times: Follow the Money (http://dealbook.blogs.nytimes.com/2008/04/02/follow-the-money/).

The timeline for the current crisis is laid out beautifully in an interactive graphic in The New York Times Web site (How a Market Crisis Unfolded; http://www.nytimes.com/interactive

/2008/09/15/business/20080915_

TURMOIL_TIMELINE.html). Unfortunately, as at the time of writing, it has been updated only till September 16, 2008. However, it traces the beginnings of the crisis way back to 2001 and provides some perspective. Also providing some background to the bailout is the “History of U.S. Govt Bailouts” in Pro Publica ( http://www.propublica.org/special/

government-bailouts/).

For a sense of the scale of erosion in value, check out “A Year of Heavy Losses” in The New York Times ( http://www.nytimes.com/

interactive/2008/09/15/business/20080916-treemap-graphic.html). Too depressed about the state of the markets? Check out a nice parody of how the bailout played out politically, if you think you can manage to laugh about it, by searching for “snl cspan bailout”.

N. Nagaraj

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