Animations: Rampant US Bank Failures and the Growing Foreign Ownership of US Debt

Thanks to Barry Ritholtz over at The Big Picture we’ve come across two animations from Computational Legal Studies that are worth a look.

The first clip shows the recent rash of US bank failures with data that gets underway in 2008 and runs up until as recently as this past Friday, December 11th. The post recommends noting three takeaways from the video including the acceleration of the failures, the magnitude over the past two years (roughly $57 billion), and the geographic concentration of the bank collapses, with 77 percent of the total cost originating in just five states: California, Florida, Georgia, Illinois, and Texas.



The second, “Who Owns America’s Debt,” dynamically presents the major foreign holders of US Treasuries from 2002 through 2009. This post also has three takeaways, which are, China surpassing Japan in holding US debt, Russia’s growing relative share of debt holding, and the increasing overall amount of US debt held by foreign nations.