The Credit Crisis – Simply Explained

Scott Loftesness

February 21, 2009

Jonathan Jarvis, as part of his thesis work in the Media Design Program at the Art Center College of Design in Pasadena, California, has done a masterful video titled “The Crisis of Credit” that explains the interconnections between housing, mortgages, banks and lenders in a delightful way – even if the subject itself is most unfortunate!

 

Scott is a founder of Glenbrook with more than 30 years of experience in information technology. He is a co-author of the book “Payments Systems in the U.S.” and a co-inventor of US Patent 6,332,126 and US Patent 7,840,459. At Glenbrook, Scott focused his work on payments innovation, mobile payments, and social media / Web 2.0 in banking and financial services.

Previously, Scott was group executive vice president at First Data Merchant Services and at Visa International, where he led the development of Visa’s global payment systems strategies. Scott began his career as a systems engineer with IBM, where he held a series of technical management and product planning positions over seventeen years. Scott formally retired from Glenbrook in October 2016, but remains important to the firm as both a friend and advisor.

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