There has been a slew of media recently explaining the current credit crisis in layman’s terms (if a bit late guys). A few highlights are the This American Life/NPR News episode from a few weeks ago (a follow up to their great Giant Pool of Money show that aired last year – not as late I suppose) and a couple of articles from this month’s Wired.

The video above is a pretty neato visualized explanation from LA designer Jonathan Jarvis that does a nice job of explaining things pretty quickly.