The financial crisis is a complex situation that affects a lot of people, which makes it a natural fit for the comic format, if not downright popular. Pro Publica takes it own stab at explaining collateralized debt obligations, or CDOs, in a short feature called “Welcome to CDO World!”
Though it combines text and pictures in a sequential manner, calling it a “diagram” might be more accurate—there’s no dialog and most of the story is told in the captions. Still, it provides a brief and easy-to-comprehend summary of how the banks hurt themselves by creating false demand, and for those readers looking for a little more meat, they can always turn to the feature article that this comic supplements.
(via Scott McCloud)
Tags: Al Granberg, current events, finance, Pro Publica