Brought to You by the Letters C, D, and O

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)

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