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Hilarious Yet Simple Explanation of the Subprime Mortgage Mess

willfe's picture
Thu, 2008-02-21 00:41 — willfe

A couple weeks back I added an RSS feed from Personal Finance Blogs to my Google Reader. I’ve taken a more direct interest lately in my own financial situation and it seemed like a good fit. An entry rolled in this afternoon from http://nedhilldrup.com that included this absolutely hilarious presentation by John Haid, brilliantly (and simply) summarizing the subprime mortgage screwup that helped plunge our economy deeper into the world’s septic tank:


I just couldn’t resist showing this one off. Many thanks to the folks over at nedhilldrup.com for granting their permission to show this here.

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