Finance discussion

Please respond to the following:

VIDEO: The Crisis of Credit Visualizedhttps://www.youtube.com/watch?

v=bx_LWm6_6tAhttps://www.youtube.com/watch?v=bx_LWm6_6tA&feature=youtu.be
Contagion Effects of Credit Crisis: Explain how the credit crisis adversely affected many other people beyond homeowners and mortgage companies. Do you believe the impact of the credit crisis is still being felt today? Please explain, be thorough in your response and provide any available citations.
One page length for the discussion pleas

Solution Preview

Credit crisis also referred as credit crunch will occur when the bank has reduced the availability when it comes to giving out a loan. The credit crisis has led to both positive impact and negative ones being felt by not only the homeowners but the mortgage companies as well.

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