Monday, February 25, 2008

Sub-prime mortgage mess explained

You're all no doubt familiar with the sub-prime mortgage disaster that has wreaked havoc on the stock market. But do you really understand what this mess is all about? If you don't, here's something to help you. There's a slide show making the rounds that uses cartoons to do a great job of explaining the mess (original author unknown)! I found it in a recent post by Roger Ehrenberg. Here it is for your viewing pleasure:

Download explanation_of_sub_prime_issue.pps

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