Thursday, September 18, 2008

The Subprime Mortgage Crisis, Explained

Despite being "back," I'm obviously still not on top of things enough to do any proper blogging. Hopefully, next week. In the meantime, how can I fail to pass along this? From what I can tell, this includes pretty much everything you need to know to understand what's going on with Freddie Mac, Lehman Brothers, and all the rest. Enjoy! (Warning: bad--but unfortunately, probably not at all inaccurate--language.)

2 comments:

Rob said...

That's right up there with Glenn Beck's "Tickle-me-Elmo" explanation. Abso-effin'-lutely perfect.

Toronto real estate agent said...

Interesting one, but in these days almost everybody in the world has his own explanation. We can still discuss who caused crisis in 1929, so I don't suppose there will be exact person(s) to blame for this crisis in next 50 years. Everybody will swear "it was the other one, not me!!"
Take care,
Elli