We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basic society looking to do more than barter and incrementally builds to a modern society with fraction reserve banking. Through this process, you will hopefully gain a deep understanding of how money and banking works in our modern world. In 2008, the entire financial system was at a potential breaking point because of a popping housing bubble. This tutorial breaks down how the government attempted to address this (historical note: Sal made these videos as the crisis was unfolding). The poop really started to hit the fan in the fall of 2008. When the new administration took office in early 2009, the poop was still there. This is tutorial explains an attempt--probably not a well thought out one--to clean the poop and slow the fan. Videos on the Geithner Plan to solve the continuing banking crisis in early 2009.
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