The SubPrime Primer…(This is really a great and fun explanation of the origins of this mess)

Well you’d have to be dead or hiding in a cave to have not heard the word Sub-Prime meltdown in the news the last few months.  I have commented on the nature of this “melt-down”  (Scam is a more appropriate term IMHO) in my piece “The real cause of the housing bubble” but the following link will bring up  a very fun little animation on the Sub_prime Mortgage meltdown and how it all worked, or rather didn’t work.

A little laughter through the tears…

Eric

(You will need MS Powerpoint on your computer to view this presentation… When it say open or save choose “open”)

View the Sub-Prime Primer

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~ by Eric Harrington on September 28, 2008.

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